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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q173-Q178):

NEW QUESTION # 173
What is the purpose of using allocation rules in Oracle Profitability and Cost Management Cloud Service?

A. To automate the creation of journals and accounting entries based on predefined criteria.
B. To distribute costs and revenues among different sections of an organization based on certain criteria.
C. To provide user access control for the data input and reports in the application.
D. To define the calculation steps for dimension members in order to generate accurate costing and profitability information.

Answer: B

Explanation:
Option 1: This answer is correct because allocation rules allow for the distribution of costs and revenues to different sections of an organization based on specific criteria, such as department, product, or customer. Option 2: This answer is incorrect because user access control is managed through security rules, not allocation rules. Option 3: This answer is incorrect because the automation of journals and accounting entries is managed through calculation scripts, not allocation rules. Option 4: This answer is incorrect because the definition of calculation steps for dimension members is managed through rules and calculation scripts, not allocation rules.

NEW QUESTION # 174
When configuring security access in Oracle Profitability and Cost Management Cloud Service, which of the following best describes the function of the Credential Store Framework?

A. It facilitates secure communication between the client and server through SSL/TLS encryption.
B. It manages all security artifacts such as policies, roles, and permissions within the system.
C. It offers a centralized location to store and manage user credentials for authentication purposes.
D. It provides a way to configure user access to individual application functions and screens.

Answer: C

Explanation:
Option 1: This option is incorrect because the Credential Store Framework does not manage all security artifacts- there are other modules which handle this functionality. Option 2: This option is correct because the Credential Store Framework provides a centralized location for storing and managing user credentials. This is important for both authentication and authorization purposes. Option 3: This option is incorrect because this is the role of the role definition and management module. Option 4: This option is incorrect because this relates to the encryption protocol and is not the role of the Credential Store Framework.

NEW QUESTION # 175
Data Management is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to load, validate, map, and transform data. It does not specifically allow for the creation of reports with multiple data dimensions and various data sources. Option 4: Incorrect. Scorecarding is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to define objectives, metrics, and targets to monitor performance. It does not specifically allow for the creation of reports with multiple data dimensions and various data sources.

A. Data Load
B. Allocation
C. Data Manipulation
D. Dimension Management

Answer: B

NEW QUESTION # 176
Which method can be used to integrate Oracle Profitability and Cost Management Cloud Service with other applications?

A. SOAP API
B. FTP
C. Webhooks
D. REST API

Answer: D

Explanation:
Option 1: Correct: REST API is a common method used to integrate Oracle Profitability and Cost Management Cloud Service with other applications. It allows for the transfer of data between systems using HTTP methods. Option 2: Incorrect: SOAP API is not a method used to integrate Oracle Profitability and Cost Management Cloud Service with other applications. SOAP is a legacy protocol that is not commonly used in modern integrations. Option 3: Incorrect: FTP is not a method used to integrate Oracle Profitability and Cost Management Cloud Service with other applications. FTP is a file transfer protocol that is not commonly used for real-time integrations. Option 4: Incorrect: Webhooks are not a method used to integrate Oracle Profitability and Cost Management Cloud Service with other applications. Webhooks are used for event-based integrations and are not commonly used for data transfer between systems.

NEW QUESTION # 177
What is the purpose of the Overview and Architecture section in the Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional exam?

A. To understand the product architecture
B. To learn about the available reporting capabilities
C. To understand the different options for data integration
D. To learn about the available security controls

Answer: A

Explanation:
Option 1: Understanding the product architecture is a critical component of implementing and managing an Oracle Profitability and Cost Management Cloud Service environment Option 2: While reporting capabilities are a critical part of any financial management system, they are not the focus of the Overview and Architecture section of this exam Option 3: Correct. The Overview and Architecture section is focused on understanding the product architecture Option 4: While security is important, it is not the primary focus of the Overview and Architecture section of the exam.

NEW QUESTION # 178
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