1Z0-1061-24 VALID TEST ANSWERS - TEST 1Z0-1061-24 SAMPLE QUESTIONS

1Z0-1061-24 Valid Test Answers - Test 1Z0-1061-24 Sample Questions

1Z0-1061-24 Valid Test Answers - Test 1Z0-1061-24 Sample Questions

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q155-Q160):

NEW QUESTION # 155
What is the main function of the Oracle Profitability and Cost Management Cloud Service?

  • A. To provide basic financial reporting and accounting functionality
  • B. To automate the budgeting and planning process
  • C. To provide cloud-based storage for financial data
  • D. To provide real-time costing and profitability analysis to support business decisions

Answer: D

Explanation:
Option 1: This option is correct because the main function of the Oracle Profitability and Cost Management Cloud Service is to provide real-time costing and profitability analysis to support business decisions. Option 2: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not primarily focused on accounting or reporting. Option 3: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not a storage solution, but rather an analysis tool. Option 4: This option is incorrect because while the Oracle Profitability and Cost Management Cloud Service can help with budgeting and planning, it is not its main function.


NEW QUESTION # 156
What is the effect of running an allocation job with the 'Aggregate Source Data' option selected?

  • A. The allocation will use aggregated data instead of raw data for calculations.
  • B. The allocation will overwrite the source data with aggregated data.
  • C. The allocation will not run and an error message will be displayed.
  • D. The allocation will use raw data for calculations and disregard any aggregated data.

Answer: A

Explanation:
Option 1: Correct. Selecting 'Aggregate Source Data' option will use the aggregated data instead of raw data while running the allocation. Option 2: Incorrect. Selecting this option will only use the aggregated data for calculations and will not overwrite the source data. Option 3: Incorrect. Selecting this option does not affect the running of allocation and will not show an error message. Option 4: Incorrect. Selecting this option will use the aggregated data instead of raw data for calculations.


NEW QUESTION # 157
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create highly formatted reports with features such as conditional formatting, pivot tables, and charts?

  • A. Financial Reporting
  • B. Smart View
  • C. Data Warehouse
  • D. Reporting Studio

Answer: A

Explanation:
Option 1: Incorrect. Reporting Studio is not a feature of Oracle Profitability and Cost Management Cloud Service. Option 2: Incorrect. Smart View is a feature of Oracle EPM Cloud, but it is not specifically designed for highly formatted reports. Option 3: Correct. Oracle Profitability and Cost Management Cloud Service includes Financial Reporting, which allows users to create highly formatted reports with features such as conditional formatting, pivot tables, and charts. Option 4: Incorrect. The Data Warehouse is a separate feature that provides a centralized repository for data from multiple sources, but it does not directly enable users to create highly formatted reports.


NEW QUESTION # 158
Which of the following options allows users to drill down from summary data to transaction level detail?

  • A. Smart View
  • B. Oracle Fusion General Ledger
  • C. Oracle Fusion Subledger Accounting
  • D. Oracle Profitability and Cost Management Cloud Service

Answer: A

Explanation:
Option 1: Correct. Oracle Fusion General Ledger allows users to drill down from summary data to transaction level detail through its drill-down functionality. Option 2: Incorrect. Smart View is a Microsoft Excel plug-in that provides ad hoc query and analysis capabilities, but it does not have the specific functionality to drill down from summary data to transaction level detail. Option 3: Incorrect. Oracle Fusion Subledger Accounting is responsible for generating accounting entries and does not provide drill-down functionality. Option 4: Incorrect. Oracle Profitability and Cost Management Cloud Service focuses on cost calculations and allocation, and does not have the drill-down functionality required for this question.


NEW QUESTION # 159
Which of the following statements about configuring security in Oracle Profitability and Cost Management Cloud Service is correct?

  • A. Users can be assigned to multiple security groups, but each security group can only have one user assigned to it.
  • B. Security settings applied at the dimension level automatically cascade down to all members within that dimension.
  • C. The security groups in Oracle Profitability and Cost Management Cloud Service cannot be nested.
  • D. The security filters in Oracle Profitability and Cost Management Cloud Service can only be based on attributes, not on data values.

Answer: B

Explanation:
Option 1: Incorrect. Users can be assigned to multiple security groups and each security group can have multiple users. Option 2: Incorrect. The security groups in Oracle Profitability and Cost Management Cloud Service can be nested, allowing for more granular security setup. Option 3: Correct. Security settings applied at the dimension level automatically cascade down to all members within that dimension. Option 4: Incorrect. The security filters in Oracle Profitability and Cost Management Cloud Service can be based on attributes as well as data values.


NEW QUESTION # 160
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