Online 1Z0-1061-24 Practice Test

Question 1

Which of the following best describes the impact of running an allocation on data that has been loaded into Oracle Profitability and Cost Management Cloud Service?

Options :

A : Allocations have no impact on data that has already been loaded.

B : Running an allocation can update the data that has already been loaded and adjust it based on the allocation rules

C : Running an allocation deletes all previously loaded data and starts the allocation process from scratch.

D : Running an allocation only impacts the data that was loaded after the allocation was created.

Answer: B

Question 2

What is the function of the 'Load Metadata' button in the Data Integration page of Oracle Profitability and Cost Management Cloud Service?

Options :

A : To load data from external sources into the application.

B : To load metadata from external sources into the application.

C : To export metadata from the application to external sources.

D : To validate the metadata already loaded into the application.

Answer: B

Question 3

Which of the following statements is true regarding configuring security in Oracle Profitability and Cost Management Cloud Service 2023?

Options :

A : Roles control the level of access that a user has to an entire application or specific modules and tasks within the application

B : You cannot configure security at the data segment level.

C : You can only assign security by intersection members.

D : When you create a custom role, it inherits the permissions of the Application Administrator role.

Answer: C

Question 4

Which feature in Oracle Profitability and Cost Management Cloud Service allows users to define cost drivers and calculate costs based on specific allocation rules?

Options :

A : Cost Accounting

B : Workforce Planning

C : Driver-Based Profitability

D : Financial Consolidation and Close

Answer: C

Question 5

When configuring security in Oracle Profitability and Cost Management Cloud Service, which role is responsible for assigning users and groups to security classes?

Options :

A : Administrator

B : Power User

C : Application User

D : Workflow Approver

Answer: A

EXPERTY DESIGNED 1Z0-1061-24 PRACTICE TEST