Oracle 1Z0-1061-24 Exam Real Questions

Prepare and pass your Oracle CX Sales 2024 Implementation Professional with free 1Z0-1061-24 exam questions.

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Total 328 Questions | Updated On: Sep 03, 2024

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Question 1

In the process of loading data into Oracle Profitability and Cost Management Cloud Service for an allocation allocation rule, which of the following steps would be considered a best practice?

A : Load all data at once to reduce the number of times data needs to be loaded into the system.

B : Load all data using the Excel add-in rather than the web interface.

C : Load all data into a temporary storage cube before loading it into the final destination cube.

D : Load all data into the final destination cube directly from the data source.

Answer: C

Question 2

Which of the following options describes the relationship between data load and allocation in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional?

A : Allocation must always be run before loading data

B : Data load and allocation can be done concurrently without any issue

C : Allocation can be run before or after data load but must not be run while data is being loaded

D : Data load must always be run before allocation

Answer: D

Question 3

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 provide cloud-based storage for financial data

D : To automate the budgeting and planning process

Answer: A

Question 4

Which of the following options is the best way to create a hierarchy of accounts and cost centers in Oracle Profitability and Cost Management Cloud Service 2023?

A : Create a Dimension library that combines the accounts and cost centers into a single hierarchy

B : Create separate Dimensions for accounts and cost centers, then create an Application that combines them into a single hierarchy

C : Create a single Dimension for either accounts or cost centers, then use formula logic to roll up the hierarchy

D : Create separate Applications for accounts and cost centers, then create a Calculation Manager rule that combines them into a single hierarchy

Answer: B

Question 5

Which of the following statements accurately describes the role of the Profitability and Cost Management Cloud Service?

A : It provides detailed reporting on an organization's financial performance, enabling the identification of opportunities for cost savings and optimization.

B : It allows an organization to define and analyze complex models of profitability by analyzing past performances of the organizational structure.

C : It enables an organization to develop detailed budget plans and forecasts, incorporating both financial and non-financial data.

D : It provides a real-time analysis of the costs of your organization's products and services, including comparisons with industry benchmarks.

Answer: B

Page: 1 / 66

Total 328 Questions | Updated On: Sep 03, 2024

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