Online 1Z0-1061-24 Practice Test

Question 1

When configuring Oracle Profitability and Cost Management Cloud Service, which of the following steps can be omitted without compromising functionality?

Options :

A : Configuration of user security

B : Configuration of data sources

C : Configuration of consolidation structures

D : Configuration of business rules

Answer: B

Question 2

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 3

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

Options :

A : Security must be configured at the application level and cannot be customized for individual users or groups.

B : Users can only be assigned one role, and that role determines their level of access to the application.

C : Users can be assigned multiple roles, and the combined privileges of those roles determine their level of access to the application.

D : Users can bypass the security restrictions by directly accessing the database.

Answer: C

Question 4

Which of the following statements about data and metadata in Oracle Profitability and Cost Management Cloud Service is correct?

Options :

A : Data can be imported and exported using the Data Management feature.

B : Metadata can only be loaded using the EPMAutomate utility.

C : Data and metadata cannot be accessed through REST APIs.

D : Data Integration is the only tool available for data and metadata integration.

Answer: A

Question 5

Which of the following statements about migrating data in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional is correct?

Options :

A : Data can be migrated using only the EPM Automate command-line utility.

B : Data can be migrated using the Migration Utility provided in the application interface.

C : Data can be migrated using a third-party data integration tool.

D : Data cannot be migrated in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional.

Answer: B

EXPERTY DESIGNED 1Z0-1061-24 PRACTICE TEST