[2023] Financial-Services-Cloud Answers Financial-Services-Cloud Free Demo Are Based On The Real Exam
Financial-Services-Cloud [Apr-2023 Newly Released] Exam Questions For You To Pass
NEW QUESTION 11
Which two limitations should a Salesforce Administrator consider before enabling Person Accounts?
- A. Creating a client record via Salesforce Inbox is not supported.
- B. Person Accounts cannot be disabled once they were enabled
- C. AppExchange packages will not work if Person Accounts are enabled
- D. Person Accounts can be enabled and disabled only by contacting Salesforce Support
Answer: A,B
NEW QUESTION 12
Scott Adams calls his Personal Banker Hank Burton to apply for a loan to buy a boat. Hanks wants to refer Scott to the loan department, but the current process is manual and time-consuming. Hank is asking the bank's System Administrator to automate Referral creation in Salesforce. How can the Admin speed up and simplify Referral creation?
- A. Use Global Action lo create Referrals.
- B. Use
- C. Use the Case process and create Cases with Case Type 'Referrar'.
- D. Write a trigger to create Referrals from a 'Create Referral* button.
Answer: A
NEW QUESTION 13
Lake Tahoe Bank wants to onboard a client digitally and without asking the client for information that the bank already has on file. The process has multiple steps and can have branching (conditional) logic that asks for different information depending on the responses. Which Salesforce feature should be used for this digital onboarding process?
- A. Actionable Relationship Center
- B. Financial Goals
- C. Flows
- D. Aclion Plans
Answer: C
NEW QUESTION 14
Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to make sure that balances are rolled up to all joint owner's primary Households. Which 2 options does the Salesforce Admin have to accomplish this?
- A. Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the household level.
- B. Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.
- C. Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
- D. Enable the 'Enable Rollup Summary' in custom settings
- E. Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
Answer: B,D
NEW QUESTION 15
Lake Tahoe Bank branch manager is asking the Salesforce Administrator for improvements in Salesforce to speed up Loan Approval Processing. The Salesforce Admin is considering using Action Plans. Which 3 process improvements can be delivered using Action Plans?
- A. Action Plans can speed up the collection of a list of documents needed for the loan application
- B. Action Plans can automatically schedule the next appointment with the Advisor.
- C. When you create an action plan from a template for a specific target record, items that have no assigned user are assigned to the owner of that " target record.
- D. Action Plans create repeatable tasks and automate the task sequences when executed
- E. Action Plans enhance collaboration and productivity by automatically assigning task owners and deadlines for specific client processes.
Answer: C,D,E
NEW QUESTION 16
The Actionable Relationship Center can display which of the following relationships in the tree pane? Select 3 answers.
- A. Any Related List for the selected object record
- B. Account-Account Relationships
- C. Account-Contact Relationships
- D. Up to 5 Related Lists for a non-Account Record
- E. Up to 5 Related Lists for an Account Record
Answer: B,C,D
NEW QUESTION 17
Which is a feature of Chatter? (3 answers)
- A. Events
- B. Bookmarks
- C. Notes
- D. Recommendations
- E. Feeds
Answer: C,D,E
NEW QUESTION 18
Lake Tahoe Bank's financial advisors are complaining that they can't see an accurate summary of their clients financial data as clients often change households. How can an Admin set up Financial Services Cloud to provide financial advisors with an accurate summary of their client's financial data?
- A. Create a roll-up field on the Opportunity object to track client's Financial Account balance and display the summary amount on the Person Account object.
- B. Set clients financial data to be rolled up using Financial Services Cloud Primary Group.
- C. Create a custom obiect to track client's financial data
- D. Use Process Builder to create a workflow to summarize data at the Person Account level.
Answer: B
NEW QUESTION 19
What should an administrator consider when configuring workflow rules? (2 answers)
- A. All existing records are evaluated when a new rule is activated
- B. Rule actions can take place immediately or on a specific date
- C. Rules can be evaluated when records are created or edited
- D. Rules must be deactivated before using an import wizard
Answer: B,C
NEW QUESTION 20
A marketing user needs to create a new campaign, but the New Button is NOT visible from the campaign home page. The system administrator has verified that the user has the "Create" profile permission for the campaign object.
How should the system administrator resolve the issue?
- A. Grant the user "Read" profile permission for the campaign.
- B. Select the "Manage Campaigns" profile permission.
- C. Select the Marketing User checkbox in the user record.
- D. Add the New button to the page layout using the page layout ________
Answer: C
NEW QUESTION 21
Which of these statements is true for the Person Accounts Model? (2 correct answers)
- A. Person Accounts can not be related to cases, tasks, or calls.
- B. The Person Account represents all aspects of the person. Data includes personhood details, such as birth date or tax ID number, and dealings with your organization, such as review frequency or service tier
- C. The Person Account model uses the standard Account object to hold all of the details about a person. The Account object has been extended with custom fields, record types, and more.
- D. The Person Account record type can be used when a client is a business or an institution.
Answer: B,C
NEW QUESTION 22
What tab setting on a profile makes a tab NOT accessible on the All Tabs page or visible in any apps?
- A. Default Off
- B. Default On
- C. Read-Only
- D. Tab Hidden
Answer: D
NEW QUESTION 23
What Report functionality would you use in order to quickly categorize report records without creating a formula or a custom field?
- A. Matrix Report
- B. Joined Report
- C. Export
- D. Schedule
- E. Bucketing
Answer: E
NEW QUESTION 24
A System Administrator has received a note from one of the portfolio managers that the Actionable Relationship Center (ARC) is not visible when the portfolio manager was trying to set up relationships between two accounts. The portfolio manager has also mentioned that other colleagues in the same role have access to it and are able to use it to manage their customer's relationships. What is a possible cause for this?
- A. The portfolio manager has not been given the permissions that enable users to view and manage ARC
- B. The ARC Component has not been added to the page layout
- C. The portfolio manager does not have access to the Lightning page that has the ARC component added
- D. The portfolio manager does not have access to the account records that he is trying to create for.
Answer: A
NEW QUESTION 25
How can you relate an opportunity to a campaign? (2 answers)
- A. You cannot relate an opportunity to a campaign
- B. Use the Campaign Hierarchy Related List on the Opportunity
- C. Use the Campaign influence Related List on the Opportunity
- D. Select the Primary Campaign Source for the Opportunity
Answer: C,D
NEW QUESTION 26
What actions can a Wealth Advisor take from the Life Events card7
- A. Request Record Approval
- B. Create Opportunity
- C. Create Case
- D. Open an Account
- E. Create Lead & Referral
Answer: B,C,E
NEW QUESTION 27
A user profile has login hour restrictions set to Monday through Friday 8am to 5pm. It is Tuesday and it is now 5.01 PM.
Which behavior of the application should the user expect?
- A. The user will be able to continue working, but will be unable to start any new sessions
- B. The user will be logged out and any unsaved work-in-progress will be saved
- C. The user will be able to continue working and start new sessions
- D. The user will be logged out and any unsaved work-in-progress will be lost
Answer: A
NEW QUESTION 28
What can be transferred from one user to another user during mass transfer of account records? (3 answers)
- A. Closed activities
- B. Open cases
- C. Related custom object records
- D. Closed cases
- E. Open activities
Answer: B,D,E
NEW QUESTION 29
A commercial loan due diligence process is handled by multiple individuals at Lake Tahoe Bank. Lake Tahoe Bank wants an easy way for managers to distribute the work, to understand the % completion of the due diligence process per client and report on the performance of the department to show possible bottlenecks.
What FSC feature can Lake Tahoe Bank use to track this process?
- A. Workflow Rules/Process Builder
- B. Apex Tnggers on the task object
- C. Flows
- D. Action Plans
Answer: D
NEW QUESTION 30
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. 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.
- C. RBL calculations can not be disabled when importing data into your Salesforce org.
- D. Rollup By Lookup (RBL) displays associated records for Financial Accounts. Financial Goals, and Opportunities.
- E. An RBL rule displays summary calculations of financial account information, such as account balances.
Answer: B,D,E
NEW QUESTION 31
Lake Tahoe Bank, an existing Salesforce customer, is planning to implement FSC. Their Salesforce Admin is considering whether to use a new Salesforce org for the FSC users, or upgrade the existing org. Which considerations indicate that upgrading the existing Salesforce org is the better choice?
- A. The current implementation is using a product-centric view and the bank wants to move to a customer-centric view.
- B. The bank is currently using several ISV solutions and re-implementing them would be a big effort.
- C. The bank has limited redesign opportunities for business capabilities.
- D. Data migration is a big concern. The current org has a large amount of data and the bank wants to minimize data migration efforts.
- E. The bank wants to use this project as an opportunity to retire customizations.
Answer: B,C,D
NEW QUESTION 32
When creating a Custom Summary Formula in a Report, what are the four valid Summary Types which you can select? (4 answers)
- A. Average
- B. Min
- C. Sum
- D. Previous
- E. Total
- F. Max
Answer: A,B,C,F
NEW QUESTION 33
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 34
What feature does a Salesforce Administrator need to enable so users can see all the referrals for the members of a group?
- A. Referral Group Process Builder
- B. Referral Scoring
- C. Referrals Rollups
- D. Group Member Referrals
Answer: C
NEW QUESTION 35
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New 2023 Realistic Free Salesforce Financial-Services-Cloud Exam Dump Questions and Answer: https://braindumps.exam4docs.com/Financial-Services-Cloud-study-questions.html
