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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q172-Q177):

NEW QUESTION # 172
Which of the following options is a best practice for managing profitability in Oracle Profitability and Cost Management Cloud Service?

A. Implement a standardized reporting process for all cost and revenue data.
B. Include all indirect costs in the profitability analysis.
C. Update the profitability model only when significant changes occur in the business.
D. Use a single allocation methodology for all products and services.

Answer: A

Explanation:
Option 1: Correct. Implementing a standardized reporting process for all cost and revenue data ensures consistency and accuracy in profitability analysis. Option 2: Incorrect. Updating the profitability model only when significant changes occur in the business can result in outdated and inaccurate analysis. Option 3: Incorrect. Using a single allocation methodology for all products and services may not accurately reflect the cost drivers and allocation logic for each individual product or service. Option 4: Incorrect. Including all indirect costs in the profitability analysis may lead to over allocation of costs and inaccurate profitability measures.

NEW QUESTION # 173
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 Approvals
B. Profitability and Cost Management Allocations
C. Profitability and Cost Management Planning
D. Profitability and Cost Management Analytics

Answer: B

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 # 174
When creating a report in Oracle Profitability and Cost Management Cloud Service, what is the purpose of the 'Allocation' function?

A. To group similar cost centers together for reporting purposes.
B. To calculate the total costs for each cost center.
C. To distribute costs from one cost center to another based on specified rules.
D. To consolidate the costs from multiple cost centers into a single value.

Answer: C

Explanation:
Option 1: Correct. The 'Allocation' function in Oracle Profitability and Cost Management Cloud Service is used to distribute costs from one cost center to another based on specified rules. Option 2: Incorrect. The 'Allocation' function in Oracle Profitability and Cost Management Cloud Service is not used to calculate the total costs for each cost center. It is used to distribute costs. Option 3: Incorrect. The 'Allocation' function in Oracle Profitability and Cost Management Cloud Service is not used to group similar cost centers together for reporting purposes. It is used to distribute costs. Option 4: Incorrect. The 'Allocation' function in Oracle Profitability and Cost Management Cloud Service is not used to consolidate the costs from multiple cost centers into a single value. It is used to distribute costs.

NEW QUESTION # 175
What is the benefit of using the Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service?

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

Answer: B

Explanation:
Option 1: Incorrect. The Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service does not allocate costs based on pre-defined cost drivers. It is not a feature of ABM. Option 2: Correct. The Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service provides real-time analysis of your profitability and cost information. This allows you to make data-driven decisions and identify cost reduction opportunities. Option 3: Incorrect. The Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service does not automatically calculate the cost of product lines. It provides analysis and insights, but you need to define the cost drivers and activities. Option 4: Incorrect. The Activity Based Management (ABM) feature in Oracle Profitability and Cost Management Cloud Service does enable you to perform what-if analyses to identify improvement opportunities. However, real- time analysis of profitability and cost information is the primary benefit of ABM.

NEW QUESTION # 176
Which of the following statements is true regarding user roles in Oracle Profitability and Cost Management Cloud Service?

A. User roles cannot be customized or modified in any way.
B. User roles can only be assigned to individual users and cannot be assigned to groups.
C. User roles control access to dimensions, data forms, and data map in the application.
D. User roles have a predefined set of privileges.

Answer: C

Explanation:
Option 1: Incorrect. User roles can be assigned to both individual users and groups. Assigning roles to groups enables easy management of user access. Option 2: Correct. User roles control access to dimensions, data forms, and data map in the application. They determine which users can view, edit, or administer different parts of the application. Option 3: Incorrect. User roles can be customized and modified to meet specific business requirements. Additional privileges can be added or existing privileges can be revoked. Option 4: Incorrect. User roles do have a predefined set of privileges, but as mentioned above, they can be customized and modified to meet specific business requirements.

NEW QUESTION # 177
......

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Charlotte Harris Charlotte Harris

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