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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q242-Q247):

NEW QUESTION # 242
What is the primary function of the Data Management API in Oracle Profitability and Cost Management (PCM) Cloud Service?

A. To create and manage data loads from source systems into PCM
B. To perform calculations and allocations on data within PCM
C. To import metadata and dimension mappings into PCM
D. To extract data from PCM for analysis and reporting in external systems

Answer: A

Explanation:
Option 1: Incorrect. The data management API is primarily used for data loading and management, not extraction for analysis and reporting in external systems. Option 2: Correct. The Data Management API is used to create and manage data loads from source systems into Oracle PCM. Option 3: Incorrect. Calculations and allocations are not the primary function of the Data Management API. The API is primarily used for data loading and management. Option 4: Incorrect. The Data Management API is not used to import metadata and dimension mappings into PCM. It is primarily used for data loading and management.

NEW QUESTION # 243
When managing profitability in the Oracle Profitability and Cost Management (PCM) Cloud Service, which of the following actions should be taken to improve cost allocation accuracy?

A. Increase the number of allocation rules to distribute costs more evenly
B. Reduce the granularity of the allocation process
C. Review and refine the cost drivers used in the allocation process
D. Eliminate the use of cost pools to simplify the allocation process

Answer: C

Explanation:
Option 1: Correct: Reviewing and refining the cost drivers used in the allocation process can help improve cost allocation accuracy. By ensuring that the cost drivers accurately reflect the consumption of resources, the allocated costs will be more accurate. Option 2: Incorrect: Eliminating the use of cost pools may simplify the allocation process, but it can also result in less accurate cost allocations. Cost pools are used to group similar types of costs together for allocation purposes. Option 3: Incorrect: Increasing the number of allocation rules may distribute costs more evenly, but it may not necessarily improve cost allocation accuracy. The key is to ensure that the cost drivers used in the allocation process accurately reflect the consumption of resources. Option 4: Incorrect: Reducing the granularity of the allocation process may simplify the process, but it can also result in less accurate cost allocations. It is important to have sufficient detail in the allocation process to accurately reflect the consumption of resources.

NEW QUESTION # 244
Which of the following is true regarding the integration of Oracle Profitability and Cost Management Cloud Service with Oracle Financials Cloud?

A. Oracle Financials Cloud and Oracle Profitability and Cost Management Cloud Service cannot be integrated due to differences in data structures and application logic.
B. Oracle Profitability and Cost Management Cloud Service supports integration with Oracle Financials Cloud only through a flat file interface.
C. Oracle Financials Cloud and Oracle Profitability and Cost Management Cloud Service must be hosted on the same server to enable integration.
D. Data from Oracle Financials Cloud can be seamlessly integrated with Oracle Profitability and Cost Management Cloud Service using the Oracle Data Integrator Cloud Service.

Answer: D

Explanation:
Option 1: This option is correct because Oracle Profitability and Cost Management Cloud Service can be integrated with Oracle Financials Cloud using Oracle Data Integrator Cloud Service which is a fully managed cloud service that is designed to integrate data across various cloud and on-premise platforms. Option 2: This option is incorrect because Oracle Financials Cloud and Oracle Profitability and Cost Management Cloud Service can be hosted on different servers and still be integrated. Option 3: This option is incorrect because Oracle Profitability and Cost Management Cloud Service supports integration with Oracle Financials Cloud using web services, not only through a flat file interface. Option 4: This option is incorrect because Oracle Financials Cloud and Oracle Profitability and Cost Management Cloud Service can be integrated using Oracle Data Integrator Cloud Service and web services even though there are differences in data structures and application logic.

NEW QUESTION # 245
When creating a report in Oracle Profitability and Cost Management Cloud Service, which of the following sections allows you to add custom dimensions and hierarchies to the report?

A. Smart View
B. Data Source and Mapping
C. Report Filters
D. Report Columns

Answer: D

Explanation:
Option 1: This option is incorrect because the Data Source and Mapping section only allows you to select a pre-defined mapping or create a new mapping to link the report to the desired data sources and tables. Option 2: This option is incorrect because Smart View is a Microsoft Excel add-in that provides a user interface for Oracle EPM Cloud data. It allows you to perform ad hoc analysis and reporting on data within the EPM Cloud solutions but does not allow you to add custom dimensions and hierarchies to a report created in Oracle Profitability and Cost Management Cloud Service. Option 3: This option is correct because the Report Columns section allows you to select the dimensions and hierarchies to include in the report. You can also add custom dimensions and hierarchies by clicking the Add Dimension/Hierarchy button and specifying the required details. Option 4: This option is incorrect because the Report Filters section only allows you to filter the data based on pre-defined criteria and does not provide an option to add custom dimensions and hierarchies.

NEW QUESTION # 246
What is the correct method to integrate data from external systems into Oracle Profitability and Cost Management Cloud Service?

A. Using the Data Integration Platform Cloud service
B. Using the External Data Source feature
C. Using the Smart Data Integration feature
D. Using the Data Import Wizard

Answer: B

Explanation:
Option 1: Correct. The Data Import Wizard is the recommended method to integrate data from external systems into Oracle Profitability and Cost Management Cloud Service. It allows you to easily import data in various formats such as CSV, Excel, and text. Option 2: Incorrect. The External Data Source feature in Oracle Profitability and Cost Management Cloud Service is used to define connections to external data sources, but it does not directly integrate data from those sources. Option 3: Incorrect. The Smart Data Integration feature in Oracle Profitability and Cost Management Cloud Service is used for real-time data integration and replication, not for initial data import from external systems. Option 4: Incorrect. The Data Integration Platform Cloud service is a separate service that provides comprehensive data integration capabilities, but it is not specifically designed for integrating data into Oracle Profitability and Cost Management Cloud Service.

NEW QUESTION # 247
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Oracle CX Sales 2024 Implementation Professional Learning Tool Aims to Help You Learn Easily and Effectively - ITCertMagic

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q242-Q247):

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