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Oracle CX Sales 2024 Implementation Professional Sample Questions:

1. Which of the following is true about the dynamic member function in Oracle Profitability and Cost Management Cloud Service 2023?

A) It is used to retrieve data from the database for dimensions.
B) It is used to assign metadata to the dimension members.
C) It is used to import data into Oracle Profitability and Cost Management Cloud Service 2023.
D) It is used to create a new dimension member on the fly based on user-defined logic.

2. Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create custom calculations and allocations based on multiple dimensions?

A) Dimension management
B) Allocation rules
C) Data synchronization
D) Financial Reporting

3. What is the benefit of using the Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service?

A) It provides real-time analysis of your profitability and cost information.
B) It enables you to perform what-if analyses to identify improvement opportunities.
C) It allows you to allocate costs based on pre-defined cost drivers.
D) It automatically calculates the cost of product lines.

4. Which steps are required to set up a model in Oracle Profitability and Cost Management Cloud Service?

A) Import data from external sources
B) Create rules and calculations
C) Define dimensions and hierarchies
D) Assign security access levels

5. Which of the following is the recommended practice for configuring security in Oracle Profitability and Cost Management Cloud Service?

A) Grant the Administrator role to all users for full control over all artifacts.
B) Assign the Super User role to all users for unrestricted access.
C) Create custom roles with specific privileges and assign them to users based on their responsibilities.
D) Use the predefined roles in the application without any modifications.

Solutions: