Oracle 1Z0-1080-24 Online Practice Questions and Exam Preparation

Oracle 1Z0-1080-24 Online Questions & Answers

• Question 1:

  SIMULATION

  You want to select a probability distribution for your Strategic Modeling simulation. The minimum and maximum are fixed, and you know the most likely values.

  Which probability distribution is useful with limited data in situations such as sales estimates, inventory numbers, and marketing costs in Strategic Modeling simulations?

  Beta PERT
  Uniform
  Triangular
  Normal
  Lognormal

  ---

  explanation:

  Explanation

  In Oracle Planning 2024's Strategic Modeling simulations, selecting a probability distribution for scenarios with fixed minimum and maximum values and a known most likely value (e.g., sales estimates, inventory, marketing costs) points to:

  Answer: Beta PERT: Incorrect. Beta PERT uses min, max, and most likely values but requires more data to shape the curve accurately, making it less ideal with limited data.

  Answer: Uniform: Incorrect. Uniform assumes equal probability between min and max, ignoring the most likely value, which doesn't fit this scenario.

  Answer: Triangular: Correct. The Triangular distribution uses minimum, maximum, and most likely values, making it simple and effective for limited data situations like sales or costs.

  Answer: Normal: Incorrect. Normal requires mean and standard deviation, not just min, max, and most likely, and assumes more data availability.

  Answer: Lognormal: Incorrect. Lognormal is skewed and suited for data with a positive range, requiring more statistical input than provided here.

  The Oracle documentation recommends the Triangular distribution for its simplicity and suitability with limited data, making C the correct answer.

  References:

  Oracle Planning 2024 Implementation Study Guide: "Probability Distributions in Strategic Modeling" (docs.oracle.com, Published 2024-10-25).

  Oracle EPM Cloud Documentation: "Simulation Distributions" (docs.oracle.com, Published 2023-11-30, updated for 2024).

• Question 2:

  Which two types of Groovy Rules are supported by Oracle?

  A. Rules that overwrite member formulas that combine operators and calculation functions, and perform calculations on members in Dimension Editor
  B. Rules that can dynamically generate calculation scripts at run time based on contexts such as runtime prompts, the POV, the current grid, and so on
  C. Pure Groovy rules that can perform data validations and cancel the operation if the data entered violates company policies
  D. Rules that dynamically calculate data and perform validation checks in tile charts and infolets
  B. Rules that can dynamically generate calculation scripts at run time based on contexts such as runtime prompts, the POV, the current grid, and so on
  C. Pure Groovy rules that can perform data validations and cancel the operation if the data entered violates company policies

• Question 3:

  Which three form validation rules options are supported in Planning?

  A. Validate only for cells and pages to which a user has access
  B. Validate rules as Service Administrator, regardless of logged-in user, when the form is loaded or saved
  C. Validate for all page combinations and all existing or potential blocks
  D. Validate only for users with access to this form
  E. Validate only for pages with existing blocks
  A. Validate only for cells and pages to which a user has access
  C. Validate for all page combinations and all existing or potential blocks
  E. Validate only for pages with existing blocks

• Question 4:

  You want to analyze past data and predicted data to help you find patterns and insights into data that you might not have found on your own. To accomplish this, you configure Insights with Auto Predict. Which two are Oracle EPM guidelines for implementing Insights and Auto Predict?

  A. For future data, create a new insight by leveraging templates that include insight definitions.
  B. For historical data, there should be atleast twice the amount of historical data as the number of prediction periods.
  C. For historical data, create the Insights job using the lowest level of Period members possible so that the greatest amount of historical data can be used.
  D. For future data, first run predictions in a test environment to ensure there is no impact on production data.
  B. For historical data, there should be atleast twice the amount of historical data as the number of prediction periods.
  D. For future data, first run predictions in a test environment to ensure there is no impact on production data.

• Question 5:

  You must assign a Planning user with a Cloud EPM predefined role that allows them to create and administer Planning or Planning Modules and service components. This role should also allow them to grant permissions to other users.

  Which of the following predefined role must you assign this Planning user?

  A. System Administrator
  B. Approvals Administrator
  C. Identity Role Administrator
  D. Service Administrator
  D. Service Administrator

• Question 6:

  Which two statements are true about using anchor and nonanchor dimensions with cell- level security?

  A. Anchor dimensions are always required in the cube that is used in the cell-level security definition.
  B. Anchor dimensions are never required in the cube that is used in the cell-level security definition.
  C. By default, nonanchor dimensions are not required.
  D. By default, nonanchor dimensions are required. You can change this setting later.
  A. Anchor dimensions are always required in the cube that is used in the cell-level security definition.
  C. By default, nonanchor dimensions are not required.

• Question 7:

  In which three ways can you create data maps that copy data using Smart Push?

  A. From Planning to Tax Reporting Cloud
  B. From Tax Reporting Cloud to Planning
  C. From Financial Consolidation and Close to Planning
  D. From Planning to Financial Consolidation and Close
  E. Between two Planning instances
  C. From Financial Consolidation and Close to Planning
  D. From Planning to Financial Consolidation and Close
  E. Between two Planning instances

• Question 8:

  Which two features can help users create business rules?

  A. Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on.
  B. Add calculations in calculation script syntax by switching to Script Mode.
  C. Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules.
  D. Rules are represented graphically in a flow chart into which you can drag and drop components to design the rule.
  A. Add calculations by using preformed system templates, such as clearing data, copying data, aggregating data, and so on.
  C. Design sophisticated rules that solve use cases that normal business rules cannot solve by using Groovy business rules.

• Question 9:

  Which module should you enable first to track the utilization of employees in Projects?

  A. Projects module before Financials module
  B. Financials module before Projects module
  C. Workforce module before Projects module
  D. Projects module before Workforce module
  C. Workforce module before Projects module

• Question 10:

  In which two ways do parent/child relationships between approval unit hierarchy members affect the review process?

  A. When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.
  B. When you approve a parent. Its children are Signed Off.
  C. After all children are promoted to the same owner, the parent status is changed to Signed Off.
  D. After all children are promoted to the same owner, the parent is promoted to the owner.
  A. When the status of all children changes to one status (for example. Signed Off) the parent status changes to the same status.
  D. After all children are promoted to the same owner, the parent is promoted to the owner.