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Free Oracle 1z0-588 Practice Exam with Questions & Answers | Set: 2

Questions 11

Per the example:

1z0-588 Question 11

Identify the two true Statements about the Product hierarchy and its alternate hierarchy.

Options:
A.

300-10 is called an Explicit Shared Node.

B.

300-10 is called an Implicit Shared Node.

C.

300 is not a valid shared node because only leaf nodes may be shared.

D.

You can delete the node 300-10 in the alternate product hierarchy,

E.

You can change local property values in the alternate product hierarchy.

F.

You can change any of the system generated property values on the Shared Node property category forthe alternate product hierarchy.

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Questions 12

Identify the valid Import sections and the required columns for each section.

1. Version, Required column: version name

2. Hierarchy, Required columns: hierarchy name, top node

3. Hierarchy, Required columns: hierarchy name

4. Node, Required column: node name

5. Relationship, Required columns: parent node name, child node name

6. Hierarchy Node, Required columns: hierarchy name, node name

7. Hierarchy Node, Required columns: hierarchy name

Options:
A.

1, 2, 4, 5 only

B.

1, 2, 4, 5, 6 only

C.

1, 3, 4, 5, 6 only

D.

1, 2, 4, 5, 7 only

E.

1, 3, 4, 5, 7 only

F.

1, 2, 3, 4, 5, 6, 7

Questions 13

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

Options:
A.

Node

B.

Hierarchy

C.

Version

D.

Global Node

E.

Global Hierarchy

F.

Merge

Questions 14

Which three types of mappings are managed via properties in DRM?

Options:
A.

One-to-one mapping

B.

Mapping nodes across versions

C.

Many-to-many mapping

D.

One-to-many mapping

E.

Validations for format of mapped nodes

Questions 15

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

Options:
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

Questions 16

You are ready to run batch validations against a version before exporting to target systems. Identify two valid version statuses that allow batch validations to be run and issues to be corrected before the exports to target systems.

Options:
A.

Working

B.

Submitted

C.

Final

D.

Expired

E.

Baseline

Questions 17

Identity the three true statements about property categories assuming that you do not use node types.

Options:
A.

A System property category is automatically created out of the box.

B.

If enabled in the system preferences, the Oracle EPM property categories are created, out of thebox.

C.

If enabled in the system preferences, the Oracle EBS categories are created, out of the box.

D.

Property categories are unique to a version.

E.

Property categories are unique to a hierarchy.

F.

Node access groups are assigned to property categories.

G.

A property categories assigned to a user may be read or edit.

Questions 18

New cost centers are added to the Entity hierarchy nightly from the ERP system. Identify the two true statements about the ERP system.

Options:
A.

It is considered an upstream system.

B.

It is considered a downstream system.

C.

Because it is used as a source for the Entity dimension, you may not feed entity data back to the ERP system.

D.

It may be imported into an existing version using Import.

E.

The ERP system feed can be automated using the batch client.

Questions 19

What two DRM features allow you to group hierarchies used for data mappings for easier selection and browsing?

Options:
A.

Version

B.

Property category

C.

Hierarchy group

D.

Node type

E.

Hierarchy master

Questions 20

Identify the two true statements about node access groups.

Options:
A.

Node access groups use inheritance to assign the same access to descendants of a node but this inherited security may be overwritten at lower levels.

B.

Valid node access levels are Read, Edit,LimitedEdit, Insert, Inactivate, and Add.

C.

Access levels are assigned separately for leaf and limb nodes.

D.

Node access groups can be used to filter the display of the hierarchy so that users only see the section of the hierarchy for which they have access.

E.

Node access groups may be assigned by the Application Administrator or Access Manager.

Exam Code: 1z0-588
Certification Provider: Oracle
Exam Name: Oracle Hyperion Data Relationship Management Essentials
Last Update: Mar 23, 2025
Questions: 73
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