Online 1Z0-1061-24 Practice Test

Question 1

Which statement best describes how to configure security in Oracle Profitability and Cost Management Cloud Service?

Options :

A : Security in Oracle Profitability and Cost Management Cloud Service can only be configured by the administrator and cannot be customized for individual users.

B : Security in Oracle Profitability and Cost Management Cloud Service is configured by assigning security classes to users or groups, which control access to dimensions, hierarchies, and scenarios.

C : Security in Oracle Profitability and Cost Management Cloud Service is automatically set based on the user-s role in the organization and cannot be modified.

D : Security in Oracle Profitability and Cost Management Cloud Service is only available for users with administrator privileges and cannot be assigned to regular users.

Answer: B

Question 2

Which of the following statements is true about generating aggregate views in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional?

Options :

A : Aggregate views can only be generated for dimensions with at least two levels.

B : Aggregate views can be generated automatically by the system based on query patterns.

C : Aggregate views are stored in a separate database table for faster query performance.

D : Aggregate views can be generated for both base and parent-child dimensions.

Answer: C

Question 3

What is the recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service?

Options :

A : Use the predefined dimensions and extend them as needed

B : Create new dimensions from scratch using the Dimension Editor

C : Import dimensions from an external system using a data file

D : Use the Rule Balancing feature to automatically create dimensions

Answer: A

Question 4

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

Options :

A : The administrator user account cannot be deleted or renamed.

B : A user can be assigned multiple roles in different applications.

C : A security group can be assigned to a single application only.

D : A data relationship management group cannot be granted access to an application.

Answer: B

Question 5

Which feature in Oracle Profitability and Cost Management Cloud Service allows you to estimate future costs?

Options :

A : Allocation Rules

B : Driver-Based Modeling

C : Cost Engine

D : Scenario Management

Answer: B

EXPERTY DESIGNED 1Z0-1061-24 PRACTICE TEST