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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q28-Q33):
NEW QUESTION # 28
Which feature in Oracle Profitability and Cost Management Cloud Service is used to allocate indirect costs to activities based on various allocation rules and drivers?
Answer: B
Explanation:
Option 1: Incorrect. Profitability and Cost Management Approvals is not used for allocating indirect costs to activities based on various allocation rules and drivers. It is used for managing the approval process for profitability and cost management tasks. Option 2: Incorrect. Profitability and Cost Management Analytics provides advanced analytical capabilities for analyzing profitability and cost data, but it is not used for allocating indirect costs to activities based on various allocation rules and drivers. Option 3: Correct. Profitability and Cost Management Allocations is used to allocate indirect costs to activities based on various allocation rules and drivers. It allows users to define allocation methods and drivers, and allocate costs according to these rules. Option 4: Incorrect. Profitability and Cost Management Planning is used for planning and budgeting process, where users can define financial targets, plan for different scenarios, and track actuals against targets. It is not used for allocating indirect costs to activities based on various allocation rules and drivers.
NEW QUESTION # 29
Which feature in Oracle Profitability and Cost Management Cloud Service allows users to analyze the profitability of different products or services?
Answer: C
Explanation:
Option 1: Incorrect. Allocation is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to distribute costs or revenues to different objects or activities, not specifically analyze profitability. Option 2: Incorrect. Advanced analytics is a feature in Oracle Profitability and Cost Management Cloud Service that provides advanced statistical and predictive analytics capabilities, but it is not specifically focused on analyzing profitability. Option 3: Incorrect. Cost accounting is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to track and manage costs, but it does not specifically focus on analyzing profitability. Option 4: Correct. Profitability analysis is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to analyze the profitability of different products or services by breaking down costs and revenues.
NEW QUESTION # 30
Which of the following is a best practice for creating and managing reports in Oracle Profitability and Cost Management Cloud Service 2023?
Answer: A
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 # 31
When configuring security in Oracle Profitability and Cost Management Cloud Service, what is the recommended approach for assigning access to the application?
Answer: C
Explanation:
Option 1: Correct. The recommended approach for assigning access to the application in Oracle Profitability and Cost Management Cloud Service is based on the user's role in the organization. This ensures that users have appropriate access rights based on their responsibilities and helps to enforce segregation of duties. Option 2: Incorrect. The recommended approach for assigning access to the application in Oracle Profitability and Cost Management Cloud Service is based on the user's role in the organization, not their job title. Assigning access based on job title may not accurately reflect the user's responsibilities and could lead to inappropriate access rights. Option 3: Incorrect. The recommended approach for assigning access to the application in Oracle Profitability and Cost Management Cloud Service is based on the user's role in the organization, not their location. Assigning access based on location may not accurately reflect the user's responsibilities and could lead to inappropriate access rights. Option 4: Incorrect. The recommended approach for assigning access to the application in Oracle Profitability and Cost Management Cloud Service is based on the user's role in the organization, not their personal preferences. Assigning access based on personal preferences may not accurately reflect the user's responsibilities and could lead to inappropriate access rights.
NEW QUESTION # 32
Which of the following options describes the relationship between data load and allocation in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional?
Answer:
Explanation:
Option 1: Data load must always be run before allocation because it is the process of preparing the source data for allocation ensuring that all data is available and properly consolidated. Once data is loaded it can then be allocated. Option 2: Data load and allocation cannot be done concurrently because loading data may impact the allocation performance and results. Option 3: While it is possible to run allocation before or after loading data, it is recommended that data loading should be done first in order to have the most up-to-date data available for allocation. Running allocation while loading data is not supported Option 4: This is the correct answer. Data load must always be run before allocation to ensure that all relevant data is available for allocation. This includes checking for completeness, reconciling inter-company data, aggregating transactional data, and aligning hierarchies.
NEW QUESTION # 33
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