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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q242-Q247):

NEW QUESTION # 242
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create highly formatted reports with features such as conditional formatting, pivot tables, and charts?

A. Smart View
B. Financial Reporting
C. Data Warehouse
D. Reporting Studio

Answer: B

Explanation:
Option 1: Incorrect. Reporting Studio is not a feature of Oracle Profitability and Cost Management Cloud Service. Option 2: Incorrect. Smart View is a feature of Oracle EPM Cloud, but it is not specifically designed for highly formatted reports. Option 3: Correct. Oracle Profitability and Cost Management Cloud Service includes Financial Reporting, which allows users to create highly formatted reports with features such as conditional formatting, pivot tables, and charts. Option 4: Incorrect. The Data Warehouse is a separate feature that provides a centralized repository for data from multiple sources, but it does not directly enable users to create highly formatted reports.

NEW QUESTION # 243
Which of the following steps can be performed in the 'Define Key Performance Indicators and Reporting' phase of report creation in Oracle Profitability and Cost Management Cloud Service 2023?

A. Setting up report parameters such as filters and prompts
B. Defining layout templates for reports
C. Creating sub calculations to derive additional data from source data
D. Selecting a reporting tool to use for generating reports

Answer: A

Explanation:
Option 1: This option is incorrect because defining layout templates for reports can be done in the 'Design Layouts' phase. Option 2: This option is correct because setting up report parameters such as filters and prompts is an important step during the 'Define Key Performance Indicators and Reporting' phase of report creation to ensure that the report displays relevant and useful information. Option 3: This option is incorrect because creating subcalculations to derive additional data from source data can be done in the 'Derive Calculated Values' phase. Option 4: This option is incorrect because selecting a reporting tool to use for generating reports is not a step in the report creation process in Oracle Profitability and Cost Management Cloud Service 2023 as it has an inbuilt reporting tool.

NEW QUESTION # 244
Which feature in Oracle Profitability and Cost Management Cloud Service allows you to allocate overhead costs to different business units?

A. Transfer Pricing
B. Expense Planning
C. Profitability Manager
D. Direct Costing

Answer: C

Explanation:
Option 1: Incorrect. Expense Planning is a feature that allows you to plan and manage expenses, not specifically allocate overhead costs to different business units. Option 2: Incorrect. Transfer Pricing is a feature that allows you to define and manage transfer pricing rules, not specifically allocate overhead costs to different business units. Option 3: Correct. Profitability Manager is a feature in Oracle Profitability and Cost Management Cloud Service that allows you to allocate overhead costs to different business units. It provides a flexible and configure able frame work to define cost, revenue, and allocation rules. Option 4: Incorrect. Direct Costing is a feature that allows you to track and allocate direct costs, not specifically allocate overhead costs to different business units.

NEW QUESTION # 245
Which of the following options best describes the use of data maps in Oracle Profitability and Cost Management Cloud Service?

A. Data maps provide a hierarchical view of the metadata in the application and are used to define the application's dimensions and members.
B. Data maps outline the relationship between the logical dimensions of the application and the physical data that supports them.
C. Data maps are used to map the data structure of external data sources to the data structure of the application.
D. Data maps store the complex calculations and business rules used in the application.

Answer: B

Explanation:
Option 1: This option is incorrect because metadata models, not data maps, provide a hierarchical view of the metadata in the application and are used to define the application's dimensions and members. Option 2: This option is correct because data maps outline the relationship between the logical dimensions of the application and the physical data that supports them. This enables the application to map data from source systems to the dimensions used in the application. Option 3: This option is incorrect because data adapters, not data maps, are used to map the data structure of external data sources to the data structure of the application. Option 4: This option is incorrect because calculations and business rules are stored in rules files, not data maps.

NEW QUESTION # 246
Which of the following is a best practice for managing profitability in Oracle Profitability and Cost Management Cloud Service?

A. Ignore the impact of indirect expenses on profitability analysis.
B. Only allocate costs to profit centers that directly contribute to revenue generation
C. Use standard costing to calculate the cost of products or services.
D. Use top-down allocations to allocate costs from a central profit center to other profit centers.

Answer: D

Explanation:
Option 1: Correct. Using top-down allocations to allocate costs from a central profit center to other profit centers is a best practice in managing profitability. This allows for a more accurate allocation of costs and a better understanding of the overall profitability of each profit center. Option 2: Incorrect. Allocating costs only to profit centers that directly contribute to revenue generation may lead to inaccurate profitability analysis. It is important to consider all costs, including indirect expenses, when calculating profitability. Option 3: Incorrect. While standard costing is a best practice for calculating the cost of products or services, it is not directly related to managing profitability in Oracle Profitability and Cost Management Cloud Service. Option 4: Incorrect. Ignoring the impact of indirect expenses on profitability analysis can lead to inaccurate results. It is important to consider all expenses, including indirect expenses, when analyzing profitability.

NEW QUESTION # 247
......

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