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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q256-Q261):
NEW QUESTION # 256
What is the main difference between creating an application and creating a dimension in Oracle Profitability and Cost Management Cloud Service 2023?
Answer: B
Explanation:
Option 1: This option is correct because an application is a collection of objects such as dimensions, drivers, rules, and mappings, while dimensions are the core building blocks of the application used to organize and classify data in a specific way. Option 2: This option is incorrect because creating an application does not necessarily define pre-defined rules for cost allocation, but rather allows the user to create objects that can be used in cost allocation. Option 3: This option is incorrect because importing and exporting data from external sources can be done at both the application and dimension levels, and dimensions are not used to calculate data using rules. Option 4: This option is incorrect because while applications do manage metadata, dimensions can also manage metadata. However, dimensions are primarily used to manage the data itself.
NEW QUESTION # 257
What is the purpose of the allocation engine in Oracle Profitability and Cost Management Cloud Service?
Answer: A
Explanation:
Option 1: This option is incorrect because metadata information is managed in the dimension editor. Option 2: This option is correct because the allocation engine allows for the allocation of indirect costs to activities or products based on specified rules and allocations rates. Option 3: This option is incorrect because version control and data auditing capabilities are provided by the audit manager. Option 4: This option is incorrect because allocation models are designed using the formula builder.
NEW QUESTION # 258
What is the purpose of running an allocation in Oracle Profitability and Cost Management Cloud Service?
Answer: D
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 # 259
When loading data in Oracle Profitability and Cost Management Cloud Service, what are the benefits of using the CSV format over the Excel format?
Answer: B
Explanation:
Option 1: This option is incorrect. While it is true that CSV files generally have a smaller file size than Excel files, this is not a specific benefit when loading data. Option 2: This option is correct. CSV files can be loaded much faster than Excel files because they do not contain any formatting or other metadata that needs to be parsed. This can be especially beneficial when loading large amounts of data. Option 3: This option is incorrect. CSV files are actually more difficult to read than Excel files because they do not contain any formatting or structure. Option 4: This option is incorrect. Excel files support more formatting options than CSV files, such as font styles, colors, and borders.
NEW QUESTION # 260
Which report type should you use to create a report that displays both actual values and budget values?
Answer: A
Explanation:
Option 1: Incorrect: The balance sheet report typically displays financial information at a specific point in time, not actual and budget values. Option 2: Incorrect: The income statement report typically displays revenue, expenses, and profits over a period of time, not actual and budget values. Option 3: Incorrect: The profitability report typically analyzes the profitability of different products, customers, or regions, not actual and budget values. Option 4: Correct: The variance report compares actual values to budgeted values, making it the ideal report type to display both actual and budget values.
NEW QUESTION # 261
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