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1Z0-1080-20 Real Exam Questions

Oracle Planning 2020 Implementation Essentials

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Question 1 Multiple choice

Which three statements are TRUE for Sandboxes? (Choose three.)

  1. A

    After you enable sandboxes for a cube, you can later disable that option.

  2. B

    You can enable sandboxes for all Planning cubes and Reporting cubes.

  3. C

    If you enable sandboxes for a cube, Version members have the Enable Sandboxes option.

  4. D

    You can enable sandboxes only in Planning cubes and for custom cubes created in module-based Planning, not for Reporting cubes.

  5. E

    After you enable sandboxes for a cube, you can't later disable that option.

Show answer and explanation

Correct answers: C, D, E

Explanation

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/
enabling_sandboxes.html

Question 2 Multiple choice

In Strategic Modeling Simulations, what are the three guidelines for selecting the appropriate probability distribution? (Choose three.)

  1. A

    Select the distribution where the conditions of the distribution match those of the input.

  2. B

    Randomly generate a range of values for assumptions and enter best guess estimates one cell at a time.

  3. C

    Evaluate the input in question, and list the conditions surrounding this input.

  4. D

    Review the descriptions of the probability distributions.

  5. E

    Use the Monte Carlo method to best guess your probability distribution options based on a range of assumptions.

Show answer and explanation

Correct answers: A, C, D

Explanation

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/
strat_mod_simulations_probability_descriptions_100x1e88e4d0.html

Question 3 Multiple choice

After loading Workforce data from external systems, which two statements describe actions you can take to process Workforce data? (Choose two.)

  1. A

    If an existing employee was omitted from the load file, you can add that existing employee in Workforce. Then assign properties and compensation options for that employee.

  2. B

    To calculate updated compensation data after changing benefit options and rates from the loaded file,

    first change the benefit options and rates in Workforce and then run the Calculate Compensation business rule.

  3. C

    If an existing employee was not loaded from the load file, you won't be able to add their compensation information before first adding them to the source system and reloading the file.

  4. D

    Because you cannot override loaded default assignments in Workforce, change the defaults in the load file and reload it.

  5. E

    To override loaded default assignments, change them in Workforce. After saving your changes, updated compensation data is calculated.

Show answer and explanation

Correct answers: B, D

Question 4 Multiple choice

In Projects, which three types of revenue and expense assumptions drive data calculations? (Choose three.)

  1. A

    Project rates

  2. B

    Standard rates

  3. C

    Discount rates

  4. D

    Program mappings

  5. E

    Plan start year

  6. F

    Working days and hours

Show answer and explanation

Correct answers: A, D, F

Question 5 Multiple choice

What are four types of values that can be used in business rule run-time prompts? (Choose four.)

  1. A

    String

  2. B

    Substitution Variables

  3. C

    Member or members

  4. D

    Integer

  5. E

    Date as Number

  6. F

    Smart Lists

Show answer and explanation

Correct answers: B, C, E, F

Explanation

References:
https://docs.oracle.com/cd/E57185_01/PLAUG/br_prmpt.html

Question 6 Single choice

Which statement describes infolets? Choose the best answer.

  1. A

    Infolets help you personalize focused data slices that you frequently use for analysis.

  2. B

    Infolets help you quickly analyze data and understand key business questions by presenting a visual overview of high-level, aggregated information.

  3. C

    Infolets are predefined dashboards that give you insight into overall project financials and expense and revenue metrics.

  4. D

    Infolets help you organize, track, and prioritize your workload.

Show answer and explanation

Correct answer: B

Explanation

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusu/EPM-INFORMATION-
DEVELOPMENT-TEAM-E94218-6693400D.pdf (page: 8-1)

Question 7 Single choice

In Financials, you want to see asset related expenses such as depreciation, amortization, and insurance.

Which describes the steps you can take to set this up? (Choose the best answer.)

  1. A

    Set up the Equipment Expense Reporting Capex data map to map asset related expenses to Financials.

  2. B

    On the Configure page for Capital, select the option to map Capital accounts to financial accounts.
    Then for each Capital account, select a financial account to map to.

  3. C

    On the Configure page for Financials, when enabling features, include a custom dimension to store asset related information.

  4. D

    On the Configure page for Financials, select Asset Accounts to set up the accounts from Capital that map to Financials.

Show answer and explanation

Correct answer: B

Explanation

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/GUID-71622AFD-
C1F0-4D40-A36F-85FA8AA305B6.pdf (8-6)

Question 8 Single choice

What does a navigation flow allow you to do? Choose the best answer.

  1. A

    Promote a plan to your supervisor

  2. B

    Display report variances by geography

  3. C

    Run multiple business rules in a predetermined sequence

  4. D

    Customize the clusters and cards that a user can access

Show answer and explanation

Correct answer: D

Explanation

The Navigation Flow Designer enables you to customize the business process interface. For example, you can change the names of the cards and clusters that display.

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/
understanding_navigation_flows_100xdb2e13be.html

Question 9 Single choice

In Data Management, what are the steps you need to perform to synchronize the application metadata in the target application? (Choose the best answer.)

  1. A

    In Data Management, navigate to Application Dimensions and click Refresh Dimensions.

  2. B

    In Data Management, navigate to Import Format and select your Planning application. Click Refresh Dimensions.

  3. C

    In Data Management, navigate to Target Application and select your Planning application. Click Refresh Members.

  4. D

    In Data Management, to Target Application and select your Planning application. Click Refresh Metadata.

Show answer and explanation

Correct answer: C

Explanation

References:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/erpia/
erpi_reg_target_app.html

Question 10 Multiple choice

After enabling Financials, which three are recommended configuration tasks? (Choose three.)

  1. A

    Setting up exchange rates (for multicurrency applications)

  2. B

    Removing custom dimensions

  3. C

    Adding custom expense driver categories

  4. D

    Adding custom dimensions

  5. E

    Completing Planning and Forecast Preparation

Show answer and explanation

Correct answers: A, D, E

Explanation

References:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/
fin_configuring_financials__104xdb20950b.html