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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q320-Q325):
NEW QUESTION # 320
When creating and managing reports in Oracle Profitability and Cost Management Cloud Service, which of the following options correctly describes the purpose of the Range Balancer feature?
Answer: C
Explanation:
Option 1: Correct: The Range Balancer feature in Oracle Profitability and Cost Management Cloud Service allows users to evenly distribute values across the selected members. This feature is useful for allocating costs or assigning values based on specific criteria or percentages. Option 2: Incorrect: The Range Balancer feature does not allocate values based on pre-defined percentages. This functionality is provided by a different feature in Oracle Profitability and Cost Management Cloud Service. Option 3: Incorrect: The Range Balancer feature does not assign values to members in a hierarchical structure. This functionality is provided by a different feature in Oracle Profitability and Cost Management Cloud Service. Option 4: Incorrect: The Range Balancer feature does not calculate variances between actual and target values. This functionality is provided by a different feature in Oracle Profitability and Cost Management Cloud Service.
NEW QUESTION # 321
In Oracle Profitability and Cost Management Cloud Service, which type of report allows users to view and analyze the profitability and cost information of entities across multiple dimensions?
Answer: D
Explanation:
Option 1: Incorrect. A Detail Data Report provides a detailed view of the data including individual transactions or entries. This report is not suitable for analyzing profitability and cost information across multiple dimensions. Option 2: Correct. A Summary Report provides a consolidated view of the profitability and cost information across multiple dimensions. It allows users to view and analyze the data at a higher level of aggregation. Option 3: Incorrect. An Allocation Report is used to show how costs are allocated across different entities or dimensions. It does not provide a consolidated view of profitability and cost information. Option 4: Incorrect. An Exception Report highlights any anomalies or exceptions in the data. It is not designed to provide a consolidated view of profitability and cost information.
NEW QUESTION # 322
Which hierarchy level is used to define which accounts are revenue, expense, and statistical in a custom application?
Answer: D
Explanation:
Option 1: Incorrect. A rule set is used to define business rules and calculations for the application. Option 2: Incorrect. Dimensionality is used to define the structure and relationships of the dimensions in the application. Option 3: Correct. Account Type is used to define which accounts are revenue, expense, and statistical in a custom application. Option 4: Incorrect. Account represents a specific account within the application.
NEW QUESTION # 323
When designing a data model in Oracle Profitability and Cost Management Cloud Service, which of the following considerations should be taken into account?
Answer: B
Explanation:
Option 1: Incorrect. The number of dimensions in the model should be based on the complexity and structure of the organization's data. Keeping the number of dimensions to a minimum may result in an oversimplified model that does not accurately represent the organization's data. Option 2: Correct. The consolidation method chosen should be based on the organization's reporting requirements and data structure. Different consolidation methods have different impacts on data accuracy, calculation performance, and data entry efficiency. Option 3: Incorrect. Parent-child hierarchies should be used when there is a natural parent-child relationship between members of a dimension. Not all dimensions require parent-child hierarchies for maximum flexibility. Option 4: Incorrect. Creating a separate data model for each reporting requirement may result in duplication of data and increased maintenance efforts. It is recommended to design a single comprehensive data model that can cater to multiple reporting requirements.
NEW QUESTION # 324
Which of the following options is the best way to create a hierarchy of accounts and cost centers in Oracle Profitability and Cost Management Cloud Service 2023?
Answer: A
Explanation:
Option 1: This option is incorrect because creating a Dimension library will not allow you to combine accounts and cost centers into a single hierarchy. A Dimension library is simply a collection of Dimensions that can be reused across multiple Applications. Option 2: This option is correct. Creating separate Dimensions for accounts and cost centers, then combining them into a single hierarchy within an Application is the best way to create a hierarchy of accounts and cost centers. This allows you to maintain separate hierarchies for each dimension while still being able to combine them into a single hierarchy in the Application. Option 3: This option is incorrect because creating a single Dimension for either accounts or cost centers and using formula logic to roll up the hierarchy will not allow you to combine both dimensions into a single hierarchy. This option also requires more complex formula logic to be created for the roll-up. Option 4: This option is incorrect because creating separate Applications for accounts and cost centers and then combining them into a single hierarchy using Calculation Manager is not the best way to create a hierarchy of accounts and cost centers. This option requires more work to maintain the separate Applications and the Calculation Manager rule increases complexity.
NEW QUESTION # 325
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