Free Oracle Planning 2021 Implementation Essentials Exam 1Z0-1080-21 Exam Practice Test

In Strategic Modeling Simulations, which probability distribution describes many phenomena such as returns on equity or assets, inflation rates, or currency fluctuations? (Choose the best answer.)

• Normal
  
• Lognormal
  
• Triangular
  
• BetaPERT
  
• Uniform
  

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

• Select the distribution where the conditions of the distribution match those of the input.
  
• Randomly generate a range of values for assumptions and enter best guess estimates one cell at a time.
  
• Evaluate the input in question, and list the conditions surrounding this input.
  
• Review the descriptions of the probability distributions.
  
• Use the Monte Carlo method to best guess your probability distribution options based on a range of assumptions.
  

After loading Workforce data from external systems, which statement describes actions you can take to make adjustments to loaded data and then calculate compensation expenses? Choose the best answer.

• In Workforce, change properties such as salary grade and FTE, and then calculate salary, benefits, additional earnings, and taxes based on assumptions in Planning.
  
• Change loaded salary information in Workforce and then run the data map for Compensation Data to calculate the updated benefits.
  
• Change loaded benefit information in Workforce such as options for medical benefits and then launch the compensation data business rule to calculate the updated benefit data.
  
• In Workforce, if you change both the selected benefit option and the rate, when compensation expenses are calculated, the value will be based on the benefit option's default value.
  

Several users continuously use custom-created formulas in Excel to supplement their Planning form inputs.What is another design alternative to reduce offline Excel maintenance? Choose the best answer.

• Cell commentary
  
• Reports
  
• Ad hoc forms
  
• Smart forms
  
• Smart push
  

When defining data load mappings in Data Management, what are the available types of member mappings? (Choose the best answer.)

• Explicit, Range, In, Multi Dimension, As
  
• Explicit, Range, In, Multi Dimension, Like
  
• Explicit, Range, In, Ignore, Like
  
• Explicit, Between, In, Multi Dimension, Like
  

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

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

Which two clients or command line tools can you download from Planning? (Choose two.)

• Data Management
  
• EPM Automate
  
• Strategic Modeling Smart View add-on
  
• Calculation Manager
  

Which three describe the supported rolling forecast time periods in Financials? (Choose three.)

• 4, 6, or 8 quarters
  
• 4, 12, 36 weeks
  
• 1, 2, 4, 5 years
  
• 13, 26, or 52 weeks
  
• 12, 18, 24, 30, 36, 48, or 60 months
  

Which two are benefits of enabling Use Database Suppression in Smart Push? (Choose two.)

• It automatically merges comments, attachments, and supporting detail when mapping a cube for reporting.
  
• It helps eliminate the impact on query thresholds and improving wait times.
  
• It allows you to continue using the application while Smart Push runs in the background.
  
• It enables you to apply row suppression at the database level instead of the application level.
  

Which describes Strategic Modeling? Choose the best answer.

• Used to evaluate financial scenarios and perform financial impact analysis.
  
• Used to evaluate how assets and resources related to corporate initiatives are allocated
  
• Used primarily for balance sheet planning
  
• Used to develop plans and forecasts and generate core financial statements