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Oracle 1z0-1080-20 Exam Practice Questions (P. 2)

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Question #6
Which describes Strategic Modeling? Choose the best answer.
  1. A
    Used to evaluate financial scenarios and perform financial impact analysis.
  2. B
    Used to evaluate how assets and resources related to corporate initiatives are allocated
  3. C
    Used primarily for balance sheet planning
  4. D
    Used to develop plans and forecasts and generate core financial statements

Correct Answer:
A
Reference:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/about_strategic_modeling_104x7f015aa0.html

Question #7
Which card allows you to enable modules? (Choose the best answer.)
  1. A
    Valid Intersections
  2. B
    Data Maps
  3. C
    Overview
  4. D
    Settings
  5. E
    Configure

Correct Answer:
E
Reference:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbca/proj_enabling_project_features__100xd3780265.html

Question #8
What three time period management tasks can you perform in Strategic Modeling? (Choose three.)
  1. A
    Combine periods of years, halves, quarters, months, and weeks for historical forecast data.
  2. B
    Configure time periods to reflect the detail required by financial models, such as different levels of granularity for different years.
  3. C
    Enable the input option for upper level time periods when you add time detail.
  4. D
    Create period-to-date, trailing periods, deal periods, and sub periods to record transactions.
  5. E
    Select and combine periods of years, halves, quarters, months, and weeks for the beginning balance year.

Correct Answer:
ACE
Reference:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/GUID-AECB4021-59B2-4C88-AFEE-92FB04D92C21.pdf
(7-30, 7-31)

Question #9
Which two statements are true regarding the creation and management of business rules in module-based Planning? (Choose two.)
  1. A
    Pre-defined business rules for modules may be modified, but may be ignored after an application upgrade.
  2. B
    Custom business rules for modules can only be created using the graphical designer.
  3. C
    Custom business rules can be created for each module.
  4. D
    Modules cannot use regular business rules. Instead, they must be scripted using Groovy.

Correct Answer:
BC

Question #10
Which three are benefits of using EPM Enterprise Cloud Service over EPM Standard Cloud Service? (Choose three.)
  1. A
    enable preseeded configurable content including dimensions, models, forms, rules, dashboards, infolets, and reports for Strategic Modeling
  2. B
    with Free Form Planning, deploy Planning business processes with no dimension requirements and create business processes using Essbase outline files
  3. C
    Custom Planning, which allows a high degree of business process customization to support business requirements
  4. D
    use of the Groovy scripting language to create or customize business rules
  5. E
    deploy more than one supported business process in the same instance

Correct Answer:
BCD
Reference:
https://docs.oracle.com/en/cloud/saas/enterprise-performance-management-common/cgsus/1_about_epm_cloud_new_sku_epm_standard.html

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