Oracle 1Z0-1061-24 Real Exam Answers | New 1Z0-1061-24 Test Discount

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q109-Q114):

NEW QUESTION # 109
Which feature in Oracle Profitability and Cost Management Cloud Service allows users to create reports that include multiple data dimensions and various data sources?

A. Dashboard
B. Scorecarding
C. Data Management
D. Smart View

Answer: D

Explanation:
Option 1: Correct. Smart View is an Excel add-in that allows users to connect to and interact with Oracle Profitability and Cost Management Cloud Service. It provides functionality to create reports, but it does not specifically allow for multiple data dimensions and various data sources. Option 2: Incorrect. A dashboard is a visual display of the most important information needed to achieve one or more objectives, consolidated and arranged on a single screen so the information can be monitored at a glance. While it may include data from multiple sources, it does not specifically allow for multiple data dimensions and various data sources in the creation of reports. Option 3: Incorrect.

NEW QUESTION # 110
Which of the following statements about cost management in the Oracle Profitability and Cost Management Cloud Service is NOT correct?

A. Cost management enables organizations to optimize resource allocation and reduce costs
B. Cost management provides insights into profitability by product, customer, and channel
C. Cost management allows organizations to track and analyze indirect costs
D. Cost management does not support integration with other Oracle Cloud applications

Answer: D

Explanation:
Option 1: Incorrect. Cost management in Oracle Profitability and Cost Management Cloud Service enables organizations to optimize resource allocation and reduce costs by providing tools and insights for understanding and tracking costs. Option 2: Incorrect. Cost management in Oracle Profitability and Cost Management Cloud Service provides insights into profitability by product, customer, and channel, allowing organizations to understand the cost drivers and profitability factors of different business segments. Option 3: Incorrect. Cost management in Oracle Profitability and Cost Management Cloud Service allows organizations to track and analyze indirect costs, such as overhead expenses, to gain a comprehensive view of their cost structure. Option 4: Correct. Cost management in Oracle Profitability and Cost Management Cloud Service supports integration with other Oracle Cloud applications, enabling seamless data integration and collaboration across different business processes.

NEW QUESTION # 111
When creating applications and dimensions in Oracle Profitability and Cost Management Cloud Service 2023, what are some best practices to follow? Choose the best answer.

A. Use a large number of dimensions to capture all possible attributes of your business data.
B. Avoid using parent-child relationships in hierarchies to minimize complexity.
C. Define fewer applications and dimensions to simplify the hierarchy structure.
D. Define applications and dimensions based on your reporting and analysis requirements

Answer: D

Explanation:
Option 1: Incorrect. Defining fewer applications and dimensions may lead to a lack of granularity and make it difficult to capture specific business attributes. Option 2: Incorrect. Using a large number of dimensions can result in increased complexity and potentially impact performance. It is important to strike a balance between capturing necessary information and keeping the system manageable. Option 3: Incorrect. Parent-child relationships in hierarchies are common and often required to represent the structure of business data accurately. Option 4: Correct. It is best practice to define applications and dimensions based on your reporting and analysis requirements, ensuring that you can capture the necessary attributes and structure your data appropriately.

NEW QUESTION # 112
When managing data and metadata in Oracle Profitability and Cost Management Cloud Service, which option allows you to create a new metadata dimension for a data table?

A. Creating a metadata dimension from a template
B. Creating a data table from a template
C. Importing a metadata dimension from a CSV file
D. Creating a metadata dimension from a SQL table

Answer: A

Explanation:
Option 1: Incorrect. Creating a data table from a template allows you to create new data tables based on an existing template, but it does not provide an option to create a new metadata dimension. Option 2: Incorrect. Importing a metadata dimension from a CSV file allows you to import an existing metadata dimension from a CSV file, but it does not provide an option to create a new metadata dimension. Option 3: Correct. Creating a metadata dimension from a template allows you to create a new metadata dimension based on an existing template. Option 4: Incorrect. Creating a metadata dimension from a SQL table allows you to create a new metadata dimension based on an existing SQL table, but it does not provide an option to create a new metadata dimension.

NEW QUESTION # 113
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to define and apply custom business rules to allocate costs across various dimensions?

A. Allocation methods
B. Profitability rules
C. Dimensional rules
D. Allocation rules

Answer: D

Explanation:
Option 1: Incorrect. Dimensional rules in Oracle Profitability and Cost Management Cloud Service are used to define and apply calculations based on specific dimensions, not to allocate costs. Option 2: Correct. Allocation rules in Oracle Profitability and Cost Management Cloud Service allow users to define and apply custom business rules to allocate costs across various dimensions. Option 3: Incorrect. Profitability rules in Oracle Profitability and Cost Management Cloud Service are used to calculate and analyze profitability based on revenues and costs, not to allocate costs. Option 4: Incorrect. Allocation methods in Oracle Profitability and Cost Management Cloud Service are predefined methods used to allocate costs, not custom business rules.

NEW QUESTION # 114
......

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Oracle 1Z0-1061-24 Real Exam Answers | New 1Z0-1061-24 Test Discount

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q109-Q114):

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