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Latest and Most Accurate Oracle 1Z0-588 Dumps Exam Questions and Answers:

Question: 1

Per the following example:
All Products

A user is assigned to two node access group, G_Colas and G_Diet Cola. G_Colas is assigned Add permission for the Colas node in the product hierarchy and the G_Diet Cola group is assigned I dit permission for the Diet Cola node.
He is assigned the Interactive User role. Identify the three true statements.

A. The user can add new nodes into the Product category under the “Colas” node.
B. The user can edit the Diet Cola node only.
C. The user can delete nodes under the “Colas’* node.
D. The user only sees the “Diet Cola” node in the Product hierarchy.
E. The user cannot delete nodes under the “Colas” node.
F. The user may inactivate nodes under the “Colas” node.

Answer: B, C, D

Question: 2

You want an import to stop if a duplicate node is found. How do you do this?

A. Set the duplicate error mode to Generate Error and Max Errors count to 0.
B. Set the Unique String value to “Error” in the Duplicate Handling options.
C. Create a validation to find duplicates that runs after the import is processed.
D. Make sure that the EnableSharedNodes property is set to False.
E. Choose the option to skip Duplicate Members.

Answer: B

Question: 3

Acme Corporation just finished the initial DRM data load. The files were sourced from several different applications and some of the data files required manual modification.
Identify potential data quality issues found when reviewing the data loaded into DRM

A. Property values are substantially different from the stated and documented business rules.
B. The user does not have access to run an import.
C. A failure in enforcing unique values for specific properties.
D. Duplicate nodes within each hierarchy.
E. Duplicate nodes across hierarchies.

Answer: C

Question: 4

Your operations group is in the middle of a large re-organization of the Entity dimension. You create versions at the end of each closed month on the fifth work day. Business users have access to update the Entity hierarchy within the working version to add new cost centers and move cost centers beginning on the seventh business day. Your CFO is reguesting the complete chart of accounts hierarchy as of the 15th day of the month.
How can you deliver the CFO’s request assuming the “AllowAsOf system preference has been set to True?

A. Use the Copy feature for versions and enter the “As Of” date.
B. Use the “As Of” feature and enter the “As Of” date.
C. Use the Copy feature and then use the transaction history to back out changes made since the desired date.
D. Rebuild the hierarchy from a backup.
E. Use the Copy feature for the hierarchy and enter the “As Of” date.

Answer: C

Question: 5

Select the four valid reasons why you would create a different version.

A. To maintain monthly versions
B. To maintain versions for major reorganization
C. To apply security for different hierarchies
D. To allow multiple people to simultaneously work on the same data
E. For “What If” modeling for a hierarchy
F. To create property categories that are specific to a version
G. For historical comparisons

Answer: D, E, F, G

Question: 6

You have built a validation to ensure that a hierarchy has no more than 20,000 nodes. What is the correct validation level?

A. Node
B. Hierarchy
C. Version
D. Global Node
E. Global Hierarchy
F. Merge

Answer: D

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