REALISTIC 1Z0-1061-24 EXAM ACTUAL QUESTIONS COVERS THE ENTIRE SYLLABUS OF 1Z0-1061-24

Realistic 1Z0-1061-24 Exam Actual Questions Covers the Entire Syllabus of 1Z0-1061-24

Realistic 1Z0-1061-24 Exam Actual Questions Covers the Entire Syllabus of 1Z0-1061-24

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q173-Q178):

NEW QUESTION # 173
Which of the following is a best practice for configuring security in Oracle Profitability and Cost Management Cloud Service?

  • A. Using the default security settings without making any modifications
  • B. Granting the same level of access to all users in the system
  • C. Implementing role-based security to control access to different functionalities and data
  • D. Giving read access to sensitive data to all users to ensure transparency

Answer: C

Explanation:
Option 1: Incorrect. Granting the same level of access to all users in the system is not a best practice as it might lead to unauthorized access and compromised data. Option 2: Incorrect. Giving read access to sensitive data to all users is not a best practice as it compromises the security and confidentiality of the data. Option 3: Correct. Implementing role-based security is a best practice as it allows for granular control over access to different functionalities and data. This ensures that users only have access to the data and functionalities that are necessary for their roles and responsibilities. Option 4: Incorrect. Using the default security settings without making any modifications is not a best practice as it may not align with the organization's specific security requirements and may leave the system vulnerable to unauthorized access.


NEW QUESTION # 174
What is the recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service?

  • A. Import dimensions from an external system using a data file
  • B. Use the predefined dimensions and extend them as needed
  • C. Use the Rule Balancing feature to automatically create dimensions
  • D. Create new dimensions from scratch using the Dimension Editor

Answer: B

Explanation:
Option 1: Correct. The recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service is to use the predefined dimensions and extend them as needed. This approach allows you to leverage the existing dimensions and their associated properties, validations, and hierarchies. Option 2: Incorrect. Creating new dimensions from scratch using the Dimension Editor is not the recommended approach. This approach requires you to manually define all the properties, validations, and hierarchies from scratch, which can be time-consuming and error-prone. Option 3: Incorrect. Importing dimensions from an external system using a data file is not the recommended approach for creating custom dimensions. While it is possible to import dimensions, this approach may not fully leverage the capabilities and features of Oracle Profitability and Cost Management Cloud Service. Option 4: Incorrect. The Rule Balancing feature in Oracle Profitability and Cost Management Cloud Service is used for calculating and assigning costs, not for creating custom dimensions.


NEW QUESTION # 175
When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which feature allows you to customize the calculation of allocations to meet specific business needs?

  • A. Groovy scripts
  • B. Data map
  • C. Scenario
  • D. Business rules

Answer: D

Explanation:
Option 1: Incorrect. While Groovy scripts can offer a high level of customization, they are more commonly used for complex calculations rather than allocation rules. Option 2: Correct. Business rules in Oracle Profitability and Cost Management Cloud Service can be used to customize the calculation of allocations, allowing you to meet specific business needs. Option 3: Incorrect. The data map feature in Oracle Profitability and Cost Management Cloud Service is used to define the structure and boundaries of the data that is loaded into the application, and does not directly affect the calculation of allocations. Option 4: Incorrect. Scenarios in Oracle Profitability and Cost Management Cloud Service are used to define different sets of assumptions or planning scenarios, and do not directly affect the calculation of allocations.


NEW QUESTION # 176
Which feature in Oracle Profitability and Cost Management Cloud Service enables users to create custom formulas to calculate allocations?

  • A. Profitability Intelligence
  • B. Component Library
  • C. Advanced Allocations
  • D. Workflow Management

Answer: C

Explanation:
Option 1: Incorrect. The Component Library feature in Oracle Profitability and Cost Management Cloud Service allows users to create, manage, and reuse components, such as accounts, drivers, and custom formulas, but it does not specifically enable the creation of custom formulas for allocations. Option 2: Correct. The Advanced Allocations feature in Oracle Profitability and Cost Management Cloud Service enables users to create custom formulas to calculate allocations. This feature provides flexibility to define and manage complex allocation rules based on different business requirements. Option 3: Incorrect. The Profitability Intelligence feature in Oracle Profitability and Cost Management Cloud Service focuses on providing insights and analysis capabilities, rather than enabling the creation of custom formulas for allocations. Option 4: Incorrect. The Workflow Management feature in Oracle Profitability and Cost Management Cloud Service allows users to define and manage workflows for processes, such as reviewing, approving, and validating data, but it does not specifically enable the creation of custom formulas for allocations.


NEW QUESTION # 177
Which of the following statements is true about the Overview and Architecture of Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional?

  • A. The Overview and Architecture of Oracle Profitability and Cost Management Cloud Service is a comprehensive guide that provides an understanding of the solution capabilities and deployment scenarios.
  • B. The Overview and Architecture section covers the various components of Oracle Profitability and Cost Management Cloud Service and their interactions.
  • C. The Overview and Architecture section provides detailed information about the technical infrastructure and system requirements of Oracle Profitability and Cost Management Cloud Service.
  • D. The Overview and Architecture section provides step-by-step instructions on how to configure and implement Oracle Profitability and Cost Management Cloud Service.

Answer: A

Explanation:
Option 1: Correct. The Overview and Architecture of Oracle Profitability and Cost Management Cloud Service is a comprehensive guide that provides an understanding of the solution capabilities and deployment scenarios. It covers the key concepts, functionalities, and features of the solution. Option 2: Incorrect. The Overview and Architecture section does not provide detailed information about the technical infrastructure and system requirements of Oracle Profitability and Cost Management Cloud Service. This information is covered in a separate section. Option 3: Incorrect. While the Overview and Architecture section covers the various components of Oracle Profitability and Cost Management Cloud Service and their interactions, it does not provide detailed step-by-step instructions on how to configure and implement the solution. This information is covered in a separate section. Option 4: Incorrect. The Overview and Architecture section does not provide step- by-step instructions on how to configure and implement Oracle Profitability and Cost Management Cloud Service. It provides a high-level overview of the solution and its capabilities.


NEW QUESTION # 178
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