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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q132-Q137):
NEW QUESTION # 132
When creating applications and dimensions in Oracle Profitability and Cost Management Cloud Service, which feature allows you to define different hierarchies within a dimension based on different attributes?
- A. Model Balancing
- B. Attribute-Based Dimension
- C. Smart Formulas
- D. Dynamic Variables
Answer: B
Explanation:
Option 1: Correct. The Attribute-Based Dimension feature in Oracle Profitability and Cost Management Cloud Service allows you to define different hierarchies within a dimension based on different attributes. This enables you to have multiple views of the same dimension, each tailored to a specific attribute. Option 2: Incorrect. Smart Formulas are not directly related to defining different hierarchies within dimensions. Smart Formulas are used for creating complex calculations and business rules in the application. Option 3: Incorrect. Dynamic Variables are not directly related to defining different hierarchies within dimensions. Dynamic Variables are used to create reusable calculations that can be applied to multiple dimensions. Option 4: Incorrect. Model Balancing is not directly related to defining different hierarchies within dimensions. Model Balancing is used to ensure that the data in your model remains balanced, with debits and credits matching.
NEW QUESTION # 133
Which of the following statements about cost management in the Oracle Profitability and Cost Management Cloud Service is NOT correct?
- A. Cost management allows organizations to track and analyze indirect costs
- B. Cost management enables organizations to optimize resource allocation and reduce costs
- C. Cost management does not support integration with other Oracle Cloud applications
- D. Cost management provides insights into profitability by product, customer, and channel
Answer: C
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 # 134
What is the main function of the Oracle Profitability and Cost Management Cloud Service?
- A. To provide real-time costing and profitability analysis to support business decisions
- B. To provide basic financial reporting and accounting functionality
- C. To automate the budgeting and planning process
- D. To provide cloud-based storage for financial data
Answer: A
Explanation:
Option 1: This option is correct because the main function of the Oracle Profitability and Cost Management Cloud Service is to provide real-time costing and profitability analysis to support business decisions. Option 2: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not primarily focused on accounting or reporting. Option 3: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not a storage solution, but rather an analysis tool. Option 4: This option is incorrect because while the Oracle Profitability and Cost Management Cloud Service can help with budgeting and planning, it is not its main function.
NEW QUESTION # 135
Which option accurately describes the relationship between data and metadata in Oracle Profitability and Cost Management Cloud Service?
- A. Data and metadata are interchangeable terms, both referring to the raw information stored in the application.
- B. Data is the descriptive information about the application, while metadata is the raw information stored in the application.
- C. Data is the raw information stored in the application, while metadata is the descriptive information about the data.
- D. Data and metadata are separate entities within the application, with no relationship between them.
Answer: C
Explanation:
Option 1: Correct: In Oracle Profitability and Cost Management Cloud Service, data refers to the raw information stored in the application, such as financial transaction details, while metadata refers to the descriptive information about the data, such as the labels, hierarchies, and properties that provide context and meaning to the data. The data and metadata are not interchangeable terms; they serve different purposes and have distinct roles within the application. Option 2: Incorrect: This statement is incorrect. Data and metadata are not interchangeable terms in Oracle Profitability and Cost Management Cloud Service. Data refers to the raw information stored in the application, while metadata refers to the descriptive information about the data. They serve different purposes and have distinct roles within the application. Option 3: Incorrect: This statement is incorrect. Data does not refer to the descriptive information about the application in Oracle Profitability and Cost Management Cloud Service. Data refers to the raw information stored in the application, while metadata refers to the descriptive information about the data. They serve different purposes and have distinct roles within the application. Option 4: Incorrect: This statement is incorrect. Data and metadata are not separate entities within the application with no relationship between them. In Oracle Profitability and Cost Management Cloud Service, data and metadata have a close relationship. Data refers to the raw information stored in the application, while metadata refers to the descriptive information about the data. They serve different purposes and have distinct roles within the application.
NEW QUESTION # 136
What is the purpose of running an allocation in Oracle Profitability and Cost Management Cloud Service?
- A. To calculate the cost of goods sold (COGS).
- B. To distribute costs and revenues among different business units or accounts.
- C. To import data from external sources.
- D. To create dashboards and reports.
Answer: B
Explanation:
Option 1: Incorrect: Running an allocation is not used for importing data from external sources. An import process is used for this purpose. Option 2: Incorrect: COGS is a financial accounting concept that typically does not require allocation. Cost allocation is used to distribute indirect and joint costs, not COGS. Option 3: Correct: One of the primary purposes of an allocation is to distribute costs and revenues among different business units or accounts. This helps organizations to determine the profitability of different products, services, and business units. Option 4: Incorrect: Running an allocation is not used to create dashboards and reports. Those functionalities are usually part of the reporting and analytics components of the solution.
NEW QUESTION # 137
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