Free 1Z0-1061-24 Exam Questions - Easiest Way for Success

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Total 328 Questions | Updated On: Sep 11, 2024

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Question 1

When creating applications and dimensions in Oracle Profitability and Cost Management Cloud Service 2023, which of the following statements is true?

A : Dimensions can only be created within applications.

B : Applications can only be created within dimensions.

C : Applications and dimensions can be created independently.

D : Applications and dimensions cannot be created in Oracle Profitability and Cost Management Cloud Service.

Answer: C

Question 2

What is the main function of the Oracle Profitability and Cost Management Cloud Service?

A : To provide real-time costing and profitability analysis to support business decisions

B : To provide basic financial reporting and accounting functionality

C : To provide cloud-based storage for financial data

D : To automate the budgeting and planning process

Answer: A

Question 3

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

Question 4

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

A : Use top-down allocations to allocate costs from a central profit center to other profit centers.

B : Only allocate costs to profit centers that directly contribute to revenue generation

C : Use standard costing to calculate the cost of products or services.

D : Ignore the impact of indirect expenses on profitability analysis.

Answer: A

Question 5

When setting up models and rules in Oracle Profitability and Cost Management Cloud Service, which feature allows you to customize the calculation of allocations to meet specific business needs?

A : Groovy scripts

B : Business rules

C : Data map

D : Scenario

Answer: B

Page: 1 / 66

Total 328 Questions | Updated On: Sep 11, 2024

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