Free Oracle 1Z0-1061-24 Exam Questions

Become Oracle Certified with updated 1Z0-1061-24 exam questions and correct answers

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Total 328 Questions | Updated On: Jun 25, 2025

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Question 1

When setting up rules in Oracle Profitability and Cost Management Cloud Service, what is the difference between a static allocation method and a dynamic allocation method?

A : A static allocation method distributes costs based on predefined rules and percentages that do not change, while a dynamic allocation method distributes costs based on changing factors and activities.

B : A static allocation method distributes costs only to one dimension member, while a dynamic allocation method distributes costs across multiple dimension members.

C : A static allocation method distributes costs based on actual data, while a dynamic allocation method distributes costs based on estimated data.

D : A static allocation method distributes costs based on fixed data, while a dynamic allocation method distributes costs based on variable data.

Answer: A

Question 2

Which of the following statements about migrating data in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional is correct?

A : Data can be migrated using only the EPM Automate command-line utility.

B : Data can be migrated using the Migration Utility provided in the application interface.

C : Data can be migrated using a third-party data integration tool.

D : Data cannot be migrated in Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional.

Answer: B

Question 3

When configuring Oracle Profitability and Cost Management Cloud Service, which of the following steps can be omitted without compromising functionality?

A : Configuration of user security

B : Configuration of data sources

C : Configuration of consolidation structures

D : Configuration of business rules

Answer: B

Question 4

When running an allocation, which of the following sequence of steps is recommended to load data in Oracle Profitability and Cost Management Cloud Service 2023?

A : Load source data > configure allocation rules > run allocation engine > review allocation results

B : Configure allocation rules > load source data > review allocation results > run allocation engine

C : Run allocation engine > configure allocation rules > load source data > review allocation results

D : Review allocation results > load source data > configure allocation rules > run allocation engine

Answer: B

Question 5

Which of the following is true regarding setting up security in Oracle Profitability and Cost Management Cloud Service 2023?

A : The administrator user account cannot be deleted or renamed.

B : A user can be assigned multiple roles in different applications.

C : A security group can be assigned to a single application only.

D : A data relationship management group cannot be granted access to an application.

Answer: B

Page: 1 / 66

Total 328 Questions | Updated On: Jun 25, 2025

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