Oracle 1Z0-1080-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1080-22 Online Questions & Answers

• Question 1:

  Which three accounts in Workforce leverage the Component dimension for driver and trend-based calculations? (Choose three.)

  A. Revenue
  B. Balance Sheet
  C. Expense
  D. Cash Flow
  A. Revenue
  B. Balance Sheet
  C. Expense

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/general_driver_based_108xf8106f48.html

• Question 2:

  What is the correct sequence of steps for enabling each Planning module? Choose the best answer.

  A. Enable the module, refresh the database
  B. Run pre-configuration tasks, enable the module, configure the module
  C. Configure the module, refresh the database
  D. Enable the module, configure the module, run post configuration tasks
  B. Run pre-configuration tasks, enable the module, configure the module

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  Explanation/Reference:

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

• Question 3:

  Which two statements are true regarding the creation and management of business rules in module-based Planning? (Choose two.)

  A. Pre-defined business rules for modules may be modified, but may be ignored after an application upgrade.
  B. Custom business rules for modules can only be created using the graphical designer.
  C. Custom business rules can be created for each module.
  D. Modules cannot use regular business rules. Instead, they must be scripted using Groovy.
  B. Custom business rules for modules can only be created using the graphical designer.
  C. Custom business rules can be created for each module.

• Question 4:

  Which three describe what you can do with Valid Intersections? (Choose three.)

  A. specify that certain programs are valid only for some periods or departments.
  B. restrict cells containing invalid data, setting them to a read-only state within forms.
  C. filter cell intersections to users when they enter data or select runtime prompts
  D. prevent the user from executing any type of Calculation Manager rule that uses runtime prompts
  E. allow all users to select from a non-filtered list of members on the form's point of view
  A. specify that certain programs are valid only for some periods or departments.
  C. filter cell intersections to users when they enter data or select runtime prompts
  E. allow all users to select from a non-filtered list of members on the form's point of view

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  Explanation/Reference:

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/val_comb.html

• Question 5:

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

  A. In Data Management, navigate to Application Dimensions and click Refresh Dimensions.
  B. In Data Management, navigate to Import Format and select your Planning application. Click Refresh Dimensions.
  C. In Data Management, navigate to Target Application and select your Planning application. Click Refresh Members.
  D. In Data Management, to Target Application and select your Planning application. Click Refresh Metadata.
  C. In Data Management, navigate to Target Application and select your Planning application. Click Refresh Members.

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  Explanation/Reference:

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

• Question 6:

  What is the difference between Financials and Strategic Modeling? (Choose the best answer.)

  A. There is not a technical difference, both do essentially the same thing
  B. Ownership Contributions and Consolidations are out of the box in Financials
  C. Strategic Modeling is broader in focus and used for long range planning
  D. Financials is more summarized than Strategic Modeling
  C. Strategic Modeling is broader in focus and used for long range planning

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  Explanation/Reference:

  Your strategic planning and your business planning should be complementary, but effective strategy development requires you to shift your focus from the day-to-day concerns of your business and to consider your broader and longer-term

  options.

  Reference: https://www.infoentrepreneurs.org/en/guides/strategic-planning/

• Question 7:

  Which statement is true when executing a lifecycle management migration? Choose the best answer.

  A. Restoring Essbase data from a snapshot will remove any data that doesn't exist in the backup.
  B. Importing Dimensions will remove members that do not exist in the snapshot.
  C. Selected slices of data can be imported into Essbase.
  D. All forms that do not exist in the snapshot will be deleted.
  C. Selected slices of data can be imported into Essbase.

• Question 8:

  Which migration category is required to restore dimensional security? (Choose the best answer.)

  A. Planning
  B. Groups and Memberships
  C. Reporting
  D. Calculation Manager
  B. Groups and Memberships

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E57185_01/EASOH/ss_sec_mode.html

• Question 9:

  If the HSP_VIEW dimension exists in the cube, what feature has been enabled? (Choose the best answer.)

  A. Rolling Forecast
  B. Intercompany Eliminations
  C. Multicurrency
  D. Sandboxes
  D. Sandboxes

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  Explanation/Reference:

  When a cube is enabled for sandboxes, the HSP_View dimension is created.

  Reference: https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/pfusa/the_hsp_view_dimension.html

• Question 10:

  When calculating a tiered type of tax, what should be the selected `Maximum Value Type'? (Choose the best answer.)

  A. Threshold Amount
  B. Percentage of Overall Earnings
  C. Percentage of Salary
  D. Percentage of Taxable Earnings
  E. Flat Amount
  A. Threshold Amount

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  Explanation/Reference:

  Setting the Maximum Value Type to Threshold Amount is available only for Taxes.

  Reference: https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/eswpc/wf_about_maximum_value_type_110x00c2886b.html