Exam 1Z0-1061-24 Materials | Exam 1Z0-1061-24 Guide
Exam 1Z0-1061-24 Materials | Exam 1Z0-1061-24 Guide
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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q254-Q259):
NEW QUESTION # 254
Which of the following is a best practice for creating and managing reports in Oracle Profitability and Cost Management Cloud Service 2023?
- A. The reports should be created in Excel and imported into Oracle Profitability and Cost Management Cloud Service 2023 as CSV files.
- B. The reports should be built using Oracle Data Visualization, which is integrated with Oracle Profitability and Cost Management Cloud Service 2023.
- C. The reports should be shared with all users to enable the maximum distribution of information.
- D. The reports should include all financial metrics available to ensure that all important data is represented.
Answer: B
Explanation:
Option 1: This is incorrect because CSV files can cause formatting errors and issues with data integrity in Oracle Profitability and Cost Management Cloud Service 202 It is best to create reports directly in the software. Option 2: This is correct because Oracle Data Visualization is a powerful tool that can be integrated with Oracle Profitability and Cost Management Cloud Service 2023 to create dynamic and interactive reports that are easy to use and understand. Option 3: This is incorrect because including all financial metrics can result in cluttered and confusing reports. Reports should only include relevant information that is useful to the intended audience. Option 4: This is incorrect because not all users require access to all reports. Reports should only be shared with users who need access and are authorized to view the information.
NEW QUESTION # 255
Which of the following components make up the architecture of Oracle Profitability and Cost Management Cloud Service 2023?
- A. Financial Close and Consolidation
- B. Business Intelligence
- C. Calculation Manager
- D. Data Management
Answer: B
Explanation:
Option 1: Incorrect. Data Management is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component. Option 2: Correct. Business Intelligence is one of the components that make up the architecture of Oracle Profitability and Cost Management Cloud Service 202 It provides reporting and analysis capabilities. Option 3: Incorrect. Calculation Manager is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component. Option 4: Incorrect. Financial Close and Consolidation is a component of Oracle Profitability and Cost Management Cloud Service 2023, but it is not the only component.
NEW QUESTION # 256
When creating a report in Oracle Profitability and Cost Management Cloud Service, which of the following sections allows you to add custom dimensions and hierarchies to the report?
- A. Data Source and Mapping
- B. Report Filters
- C. Report Columns
- D. Smart View
Answer: C
Explanation:
Option 1: This option is incorrect because the Data Source and Mapping section only allows you to select a pre-defined mapping or create a new mapping to link the report to the desired data sources and tables. Option 2: This option is incorrect because Smart View is a Microsoft Excel add-in that provides a user interface for Oracle EPM Cloud data. It allows you to perform ad hoc analysis and reporting on data within the EPM Cloud solutions but does not allow you to add custom dimensions and hierarchies to a report created in Oracle Profitability and Cost Management Cloud Service. Option 3: This option is correct because the Report Columns section allows you to select the dimensions and hierarchies to include in the report. You can also add custom dimensions and hierarchies by clicking the Add Dimension/Hierarchy button and specifying the required details. Option 4: This option is incorrect because the Report Filters section only allows you to filter the data based on pre-defined criteria and does not provide an option to add custom dimensions and hierarchies.
NEW QUESTION # 257
When creating a report in Oracle Profitability and Cost Management Cloud Service, which feature allows you to group data from different dimensions into a single category?
- A. Compound Value
- B. Hierarchy
- C. Derived Member
- D. Custom Calculation
Answer: C
Explanation:
Option 1: Correct. Hierarchy allows you to group data from different dimensions into a single category. It provides a way to organize and structure data in a logical and hierarchical manner. Option 2: Incorrect. Derived Member enables you to create new members in a dimension based on calculations or formulas, but it does not allow you to group data from different dimensions into a single category. Option 3: Incorrect. Compound Value is used to combine or concatenate multiple members from the same dimension into a single value, but it does not allow you to group data from different dimensions. Option 4: Incorrect. Custom Calculation allows you to define custom formulas to perform calculations on data, but it does not provide a way to group data from different dimensions into a single category.
NEW QUESTION # 258
Which of the following is a feature of Oracle Profitability and Cost Management Cloud Service 2023?
- A. Integration with Oracle Planning and Budgeting Cloud Service
- B. In-memory calculation engine
- C. Built-in machine learning algorithms
- D. Data masking and data encryption
Answer: A
Explanation:
Option 1: Incorrect. While Oracle Profitability and Cost Management Cloud Service does provide in-memory calculation capabilities, this is not a new feature specific to the 2023 version. Option 2: Incorrect. Data masking and data encryption are important security features in Oracle Profitability and Cost Management Cloud Service, but they are not new in the 2023 version. Option 3: Correct. Integration with Oracle Planning and Budgeting Cloud Service is a new feature introduced in the 2023 version of Oracle Profitability and Cost Management Cloud Service. This integration allows for seamless data flow between the two applications, enhancing the overall planning and budgeting process. Option 4: Incorrect. While Oracle Profitability and Cost Management Cloud Service leverages machine learning capabilities for predictive analytics and insights, there are no built-in machine learning algorithms specific to the 2023 version.
NEW QUESTION # 259
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