[Aug-2023] Check your preparation for Salesforce Financial-Services-Cloud On-Demand Exam
Practice Exam Financial-Services-Cloud Realistic Dumps Verified Questions
NEW QUESTION # 28
Lake Tahoe Bank branch manager Sue Barry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?
- A. Action Plans can be used to schedule appointments with the Bankers
- B. Action Plans require a monthly license fee per user
- C. When you work with Action Plans, you first create Action Plan Templates
- D. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements
- E. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance
Answer: C,D,E
NEW QUESTION # 29
What should a Financial Advisor use to model the relationship between a business contact and a client that is modeled as a person account?
- A. Reciprocal Role
- B. Account-Contact Relationship and the Reciprocal Role
- C. Account-Account Relationship
- D. Contact-Contact Relationship and the Reciprocal Rote
Answer: B
NEW QUESTION # 30
Which 3 options does the Financial Services Cloud application offer to view and update Account-Account. Account-Contact, and Contact-Contact Relationships?
- A. Actionable Relationship Center
- B. Relationship Map
- C. Life Events Component
- D. Family Members Component
- E. Group Members Component
Answer: A,B,E
NEW QUESTION # 31
When creating a Custom Summary Formula in a Report, what are the four valid Summary Types which you can select? (4 answers)
- A. Previous
- B. Max
- C. Sum
- D. Total
- E. Average
- F. Min
Answer: B,C,E,F
NEW QUESTION # 32
Lake Tahoe Bank would like to reslricl their Financial Services Cloud users from viewing certain types of milestones that might be irrelevant to their customers or might cause negative sentiment. How can the Salesforce Admin implement such a requirement?
- A. The Salesforce Admin can hide the life Event or Business Milestone type, by removing it from the Event Type picklist.
- B. The Salesforce Admin can manage sensitive Life Events using Permission Sets.
- C. The Salesforce Admin can hide sensitive Life Events on Ihe Life Events component on the Lightning Page using the Properties pane.
- D. The Salesforce Admin can manage sensitive Life Evenls using sharing rules.
Answer: A
NEW QUESTION # 33
Jen, the Financial Advisor at Lake Tahoe Wealth Management Company wants to modify a published Action Plan to support an additional task she needs in order to complete an annual review for a client. How should Jen do this?
- A. Use the Action Plan item feature to add an additional task to a published Action Plan.
- B. Create an independent Task not related to original Action Plan
- C. Contact her Salesforce Administrator and get her to make the change to the Action Plan for her.
- D. Use the 'task creator' tool to create a new task and associate with the existing Action Plan
Answer: A
NEW QUESTION # 34
What capabilities included in the FSC license can assist bankers in focusing on the most promising referrals?
- A. Referral Approval Processes
- B. Intelligent Need-Based Referrals and Scoring
- C. Einstein Referral Scoring for FSC
- D. Referral Routing Rules
Answer: B
NEW QUESTION # 35
What should an administrator consider when configuring workflow rules? (2 answers)
- A. Rules must be deactivated before using an import wizard
- B. Rules can be evaluated when records are created or edited
- C. Rule actions can take place immediately or on a specific date
- D. All existing records are evaluated when a new rule is activated
Answer: B,C
NEW QUESTION # 36
Which of these statements is not correct about the visibility of Action Plan Tasks?
- A. Once the Action Plan is assigned, you can see the related Tasks on the Timeline
- B. Users will be able to see the Action Plan tasks assigned to them through the standard Salesforce task lists.
- C. Users will be able to see the Action Plan tasks on the related list of the Account page layout.
- D. The user can see tasks on the homepage if the Task Card is applied to the homepage.
Answer: C
NEW QUESTION # 37
The Salesforce Admin at Lake Tahoe Bank is implementing Financial Services Cloud and wants to roll up customer data at the client and group levels. What functionality can Rollup By Lookup (RBL) provide for this requirement?
- A. Rollups for multiple joint owners are not supported
- B. Rollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.
- C. An RBL rule displays summary calculations of financial account information, such as account balances.
- D. When you edit a financial account record or primary Group membership, the Rollup By Lookup (RBL) configuration updates the corresponding RBL summaries at the client and Group levels.
- E. RBL calculations can not be disabled when importing data into your Salesforce org.
Answer: B,C,D
NEW QUESTION # 38
What should be considered when configuring the lead conversion process? (2 answers)
- A. Custom Lead fields can be mapped to account, contact and opportunity fields
- B. Custom Lead fields can be mapped to custom object fields
- C. Standard lead fields are automatically converted into account, contact and opportunity fields
- D. Roll-up Summary Lead Fields can be mapped to custom contact fields
Answer: A,C
NEW QUESTION # 39
What option is available when scheduling a dashboard refresh? (2 answers)
- A. View and remove a scheduled dashboard refresh
- B. Define refresh times for specific dashboard components
- C. Send a refresh notification to users with access to the dashboard.
- D. Schedule the dashboard to refresh in different time zones
Answer: A,C
NEW QUESTION # 40
Lake Tahoe Bank branch manager Sue Berry wants to encourage all Personal Bankers to use Action Plans to capture repeatable tasks and automate the task sequences, improving collaboration and productivity. Which three of the following statements about Action Plans are true?
- A. Action Plans can be used to automatically assign task owners and deadlines for specific client engagements.
- B. Action Plans can be used to schedule appointments with the Bankers.
- C. Action Plans require a monthly license fee per user
- D. Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance.
- E. When you work with Action Plans, you first create Action Plan Templates.
Answer: B
NEW QUESTION # 41
Which of these statements is not correct about the visibility of Action Plan Tasks?
- A. Once the Action Plan is assigned, you can see the related Tasks on the Timeline
- B. Users will be able to see the Action Plan tasks on the related list of the Account page layout.
- C. The user can see tasks on the homepage if the Task Card is applied to the homepage.
- D. Users will be able to see the Action Plan tasks assigned to them through the standard Salesforce task lists.
Answer: A,C,D
NEW QUESTION # 42
A system administrator at universal containers created a new account record type. However, sales users are unable to select record type when creating new account records.
What is a possible reason for this? (2 answers)
- A. The record type does not have an assigned page layout
- B. The record type has not been set as the default record type
- C. The record type has not been activated.
- D. The record type has not been added to the sales user profile
Answer: C,D
NEW QUESTION # 43
What item appears in a user's My Unresolved items after synchronization (2 answers)
- A. Contacts not assigned to an account
- B. Note not associated to a record
- C. Cases not assigned to a contact
- D. Emails not associated to a record
Answer: A,C
NEW QUESTION # 44
Universal Containers uses a custom field on the account object to capture the account credit status. The sales team wants to display the account credit status on opportunities.
Which feature should a system administrator use to meet the requirements?
- A. Look-up Field
- B. Workflow field update
- C. Cross-object formula field
- D. Roll-up summary field
Answer: C
NEW QUESTION # 45
Which chart type can be used to display summary values from two different levels of grouping in a report. (2 answers)
- A. Grouped line chart
- B. Stacked bar chart
- C. Funnel chart
- D. Donut chart
Answer: A,B
NEW QUESTION # 46
Which three things must an admin keep in mind when creating Action Plan Templates'5
- A. When creating Action Plan Templates with the Ul. you can designate a plan owner different from the plan creator.
- B. The Action Plan Template permission set must be added to all users that want to use Action Plans.
- C. An Action Plan is a run-time instance of the template that allows you to automate the sequence of the tasks you defined in the template.
- D. When you create an Action Plan from a template for a specific target record, the plan creator can choose whether the date calculation is based on calendar or working days.
- E. When you create an Action Plan from a template for a specific target record, item deadlines are calculated using the start date and date offset " defined in the Action Plan Template
Answer: C,D,E
NEW QUESTION # 47
Which three referral metrics are tracked with custom components included in Financial Services Cloud?
- A. My Approved Referrals
- B. Referrals Assigned to me
- C. My Top Referrers
- D. Web to Lead Referrals
- E. Expressed interests
Answer: B,C,E
NEW QUESTION # 48
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