Online 1Z0-533 Practice Test

Question 1

Identify three key benefits of the Planning solution.

Options :

A : Standardized data forms for plan data entry available both for the Web and in Excel

B :

One tool to budget and forecast as well as provide reporting for very detailed Actuals Information

C : Central repository of business rules that can be run by end users to calculate plan data

D : Detailed security down to the cell level

E : Flexible solution customizable for almost any kind of budgeting and forecasting process

Answer: A,C,E

Question 2

You are designing the storage properties for your Planning application. What two design principles should you follow related to the dynamic calc storage property?

Options :

A : Dynamically calculated members should roll up to stored members

B :

You cannot calculate and store dynamic calculated members in calc scripts and business rules.

C : Consider dynamic calc members on sparse parents with 100 t children.

D : Tagging upper-level members of sparse dimensions can reduce block size.

E :

If you use a large number of dynamic calcs, you should consider increasing the Dynamic Calculator Cache

F : Consider Dynamic Calc and Store over Dynamic Calc.

Answer: B,E

Question 3

The budget office analyst needs to enter and plan data, use the Planning spreading feature that allow users to spread budget data based on last year's actuals, and modify data forms. What two roles should be provisioned for this user?

Options :

A : Grid Spread

B : Planner

C : Interactive User

D : Mass Allocate

E : Offline User

Answer: B,C

Question 4

Identify the two true statements about a sparse Entity dimension In Hyperion Planning.

Options :

A : You cannot build alternate rollups or assign custom attributes.

B : Base currencies are assigned to entity members.

C : Exchange rates are assigned to entity members

D : Entity along with Scenario and Period make up a planning unit.

E : Entity along with Scenario and Version make up a planning unit.

Answer: B,E

Question 5

You have the following design requirement: You need to track customer status For a sales

planning application. Valid options for customer status include: Active, Inactive, Out of

Business. Customer status can change on a month-by-month basis.

What is the best way to build Customer Status into the Planning application?

Options :

A : Attribute dimension

B : Varying attribute dimension

C : Smart List

D : Free Form Text

E : Alternate hierarchy

Answer: C

EXPERTY DESIGNED 1Z0-533 PRACTICE TEST