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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q93-Q98):

NEW QUESTION # 93
What is the purpose of running an allocation in Oracle Profitability and Cost Management Cloud Service?

  • A. To calculate the cost of goods sold (COGS).
  • B. To create dashboards and reports.
  • C. To distribute costs and revenues among different business units or accounts.
  • D. To import data from external sources.

Answer: C

Explanation:
Option 1: Incorrect: Running an allocation is not used for importing data from external sources. An import process is used for this purpose. Option 2: Incorrect: COGS is a financial accounting concept that typically does not require allocation. Cost allocation is used to distribute indirect and joint costs, not COGS. Option 3: Correct: One of the primary purposes of an allocation is to distribute costs and revenues among different business units or accounts. This helps organizations to determine the profitability of different products, services, and business units. Option 4: Incorrect: Running an allocation is not used to create dashboards and reports. Those functionalities are usually part of the reporting and analytics components of the solution.


NEW QUESTION # 94
What is the first step in creating a report in Oracle Profitability and Cost Management Cloud Service?

  • A. Configure data source connections
  • B. Create report sections
  • C. Define a report template
  • D. Define report parameters

Answer: D

Explanation:
Option 1: Incorrect. Defining a report template is not the first step in creating a report. This step comes after defining report parameters. Option 2: Incorrect. Creating report sections is not the first step in creating a report. This step comes after defining report parameters. Option 3: Correct. Defining report parameters is the first step in creating a report. Report parameters determine the data and filters that will be used in the report. Option 4: Incorrect. Configuring data source connections is not the first step in creating a report. This step comes after defining report parameters.


NEW QUESTION # 95
When loading data into Profitability and Cost Management Cloud Service, what is the purpose of setting up control tables and what type of data can be included in these tables?

  • A. To validate the quality of the data loaded into the system. Control tables can include error logs, validation rules, and mapping tables.
  • B. To define the relationships between tables and establish foreign key constraints. Control tables can include dimensions, hierarchies, and attributes.
  • C. To indicate which files to load and how to transform the data. Control tables can include mapping tables, variable tables, and validation rules.
  • D. To specify which periods to load and the data type of each column. Control tables can include time periods, data types, and column headers.

Answer: C

Explanation:
Option 1: This answer is correct because control tables help define how to manipulate and transform incoming data, as well as how to map it to existing dimensions and perform validations. The types of control tables include mapping tables, variable tables, and validation rules. Option 2: This answer is incorrect because defining relationships between tables is not the primary purpose of control tables in data loading. Option 3: This answer is incorrect because while specifying periods and data types may be included in control tables, they do not encompass the full scope of what control tables can do. Option 4: This answer is incorrect because while control tables can be used for validation, they do not include error logs or data mapping tables.


NEW QUESTION # 96
Which statement is true about setting up models and rules in Oracle Profitability and Cost Management Cloud Service?

  • A. Models and rules can only be set up by developers with programming skills.
  • B. Rules define the calculations for allocating costs and revenues among cost objects.
  • C. Models consist of database tables that contain data related to cost objects and drivers.
  • D. Models and rules can be set up using either the Profitability and Cost Management web interface or the Oracle Smart View for Office.

Answer: D

Explanation:
Option 1: Incorrect. Models consist of data structures, not database tables. Option 2: Incorrect. Rules define the calculations for allocating costs and revenues among dimensions, not just cost objects. Option 3: Correct. Oracle Profitability and Cost Management Cloud Service allows users to set up models and rules using either the Profitability and Cost Management web interface or the Oracle Smart View for Office. This provides flexibility and convenience for users with different preferences and workflows. Option 4: Incorrect. Models and rules can be set up by business users or administrators using the intuitive web interface or Smart View, without the need for programming skills.


NEW QUESTION # 97
Which of the following steps can be performed in the 'Define Key Performance Indicators and Reporting' phase of report creation in Oracle Profitability and Cost Management Cloud Service 2023?

  • A. Defining layout templates for reports
  • B. Creating sub calculations to derive additional data from source data
  • C. Selecting a reporting tool to use for generating reports
  • D. Setting up report parameters such as filters and prompts

Answer: D

Explanation:
Option 1: This option is incorrect because defining layout templates for reports can be done in the 'Design Layouts' phase. Option 2: This option is correct because setting up report parameters such as filters and prompts is an important step during the 'Define Key Performance Indicators and Reporting' phase of report creation to ensure that the report displays relevant and useful information. Option 3: This option is incorrect because creating subcalculations to derive additional data from source data can be done in the 'Derive Calculated Values' phase. Option 4: This option is incorrect because selecting a reporting tool to use for generating reports is not a step in the report creation process in Oracle Profitability and Cost Management Cloud Service 2023 as it has an inbuilt reporting tool.


NEW QUESTION # 98
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