Free Online Oracle 1Z0-1061-23 Practice Test

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Total 328 Questions | Updated On: Apr 22, 2024

Question 1

When configuring security in Oracle Profitability and Cost Management Cloud Service, which role is responsible for assigning users and groups to security classes?

A : Administrator

B : Power User

C : Application User

D : Workflow Approver

Answer: A

Question 2

When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which statement is true about allocation rules?

A : Allocation rules determine how costs are allocated to different objects in the model.

B : Allocation rules are optional and not necessary for the calculation process.

C : Allocation rules can only be used for allocation of revenue, not costs.

D : Allocation rules can only be applied to children of a specified dimension.

Answer: A

Question 3

What is the recommended approach for creating custom dimensions in Oracle Profitability and Cost Management Cloud Service?

A : Use the predefined dimensions and extend them as needed

B : Create new dimensions from scratch using the Dimension Editor

C : Import dimensions from an external system using a data file

D : Use the Rule Balancing feature to automatically create dimensions

Answer: A

Question 4

What is the function of the 'Load Metadata' button in the Data Integration page of Oracle Profitability and Cost Management Cloud Service?

A : To load data from external sources into the application.

B : To load metadata from external sources into the application.

C : To export metadata from the application to external sources.

D : To validate the metadata already loaded into the application.

Answer: B

Question 5

What is the maximum number of dimensions that can be included in an application in Oracle Profitability and Cost Management Cloud Service?

A : 10

B : 20

C : 30

D : 40

Answer: C

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Total 328 Questions | Updated On: Apr 22, 2024