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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q82-Q87):

NEW QUESTION # 82
When configuring Oracle Profitability and Cost Management Cloud Service, which of the following steps can be omitted without compromising functionality?

A. Configuration of user security
B. Configuration of business rules
C. Configuration of data sources
D. Configuration of consolidation structures

Answer: C

Explanation:
Option 1: Incorrect: User security is a critical component when configuring Oracle Profitability and Cost Management Cloud Service. User roles and permissions must be specified to ensure that users only have access to the appropriate data. Option 2: Correct: Data sources only need to be configured if data is being imported from external sources. If the data is being entered manually, the data source configuration step can be skipped. Option 3: Incorrect: Consolidation structures must be configured to determine how data is aggregated and represented. This step cannot be skipped without compromising functionality. Option 4: Incorrect: Business rules are a critical component of Oracle Profitability and Cost Management Cloud Service. They are used to calculate profitability and cost information and cannot be skipped without compromising functionality.

NEW QUESTION # 83
Which of the following is a best practice for managing profitability in Oracle Profitability and Cost Management Cloud Service?

A. Ignoring cost drivers and focusing only on revenue drivers
B. Focusing only on high-level profitability metrics
C. Using historical data only to make profitability decisions
D. Performing ongoing analysis of costs and revenues

Answer: D

Explanation:
Option 1: Correct. Performing ongoing analysis of costs and revenues is a best practice for managing profitability. By continuously analyzing costs and revenues, organizations can identify areas of inefficiency or opportunity for improvement. Option 2: Incorrect. Using historical data only to make profitability decisions is not a best practice. While historical data can provide insights, it should be supplemented with ongoing analysis of current costs and revenues. Option 3: Incorrect. Focusing only on high-level profitability metrics is not a best practice. It is important to analyze profitability at a detailed level to understand the drivers of profitability. Option 4: Incorrect. Ignoring cost drivers and focusing only on revenue drivers is not a best practice. Both cost drivers and revenue drivers are important factors to consider when managing profitability.

NEW QUESTION # 84
In order to accurately allocate indirect costs to products, which of the following factors should be considered in the costing algorithm of Oracle Profitability and Cost Management Cloud Service?

A. The type of cost driver used and the size of the activity level.
B. The size of the cost driver used and the activity level.
C. The type of cost driver used and the activity level.
D. The number of cost drivers used and the number of activities.

Answer: C

Explanation:
Option 1: Answer this is correct. In order to accurately allocate indirect costs to products, it is important to consider the type of cost driver used and the activity level. The cost driver should be a measure that drives the cost of the activity, such as machine hours, labor hours, or units produced. Option 2: Answer This is incorrect. The number of cost drivers used and the number of activities may not be relevant in determining the accuracy of allocation of costs to products. Option 3: Answer this is incorrect. The size of the cost driver used and the activity level may not be relevant in determining the accuracy of allocation of costs to products. Option 4: Answer This is incorrect. The type of cost driver used is important, but the size of the activity level may not be relevant in determining the accuracy of allocation of costs to products.

NEW QUESTION # 85
Which feature in Oracle Profitability and Cost Management Cloud Service is used to allocate indirect costs to activities based on various allocation rules and drivers?

A. Profitability and Cost Management Analytics
B. Profitability and Cost Management Planning
C. Profitability and Cost Management Allocations
D. Profitability and Cost Management Approvals

Answer: C

Explanation:
Option 1: Incorrect. Profitability and Cost Management Approvals is not used for allocating indirect costs to activities based on various allocation rules and drivers. It is used for managing the approval process for profitability and cost management tasks. Option 2: Incorrect. Profitability and Cost Management Analytics provides advanced analytical capabilities for analyzing profitability and cost data, but it is not used for allocating indirect costs to activities based on various allocation rules and drivers. Option 3: Correct. Profitability and Cost Management Allocations is used to allocate indirect costs to activities based on various allocation rules and drivers. It allows users to define allocation methods and drivers, and allocate costs according to these rules. Option 4: Incorrect. Profitability and Cost Management Planning is used for planning and budgeting process, where users can define financial targets, plan for different scenarios, and track actuals against targets. It is not used for allocating indirect costs to activities based on various allocation rules and drivers.

NEW QUESTION # 86
When creating dimensions in Oracle Profitability and Cost Management Cloud Service 2023, which of the following statements is true?

A. Creating a large number of dimensions can negatively impact performance and system resources.
B. Dimensions can only be created using the graphical user interface (GUI) and cannot be imported or exported.
C. Hierarchies within dimensions can only have a maximum of five levels.
D. Dimensions are only used for reporting purposes and do not impact the calculation logi

Answer: A

Explanation:
Option 1: Incorrect. Dimensions in Oracle Profitability and Cost Management Cloud Service 2023 not only impact reporting, but they also play a critical role in the calculation logic. They define the structure and organization of the data being calculated. Option 2: Correct. Creating a large number of dimensions can negatively impact performance and system resources. It is recommended to carefully consider the number and complexity of dimensions to optimize system performance. Option 3: Incorrect. Hierarchies within dimensions can have more than five levels in Oracle Profitability and Cost Management Cloud Service 202 The number of levels can be customized based on the specific requirements of the business. Option 4: Incorrect. Dimensions in Oracle Profitability and Cost Management Cloud Service 2023 can be created using both the graphical user interface (GUI) and also imported or exported using various data formats such as CSV or Excel.

NEW QUESTION # 87
......

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q82-Q87):

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