Option 1: Incorrect. The maximum size of an application in Oracle Profitability and Cost Management Cloud Service is not 10 G Option 2: Incorrect. The maximum size of an application in Oracle Profitability and Cost Management Cloud Service is not 100 G Option 3: Correct. The maximum size of an application in Oracle Profitability and Cost Management Cloud Service is 500 G Option 4: Incorrect. The maximum size of an application in Oracle Profitability and Cost Management Cloud Service is not 1 T.

Option 1: Incorrect. Profitability and Cost Management Approvals is not used for allocating indirect costs to activities based on various allocation rules and drivers. It is used for managing the approval process for profitability and cost management tasks. Option 2: Incorrect. Profitability and Cost Management Analytics provides advanced analytical capabilities for analyzing profitability and cost data, but it is not used for allocating indirect costs to activities based on various allocation rules and drivers. Option 3: Correct. Profitability and Cost Management Allocations is used to allocate indirect costs to activities based on various allocation rules and drivers. It allows users to define allocation methods and drivers, and allocate costs according to these rules. Option 4: Incorrect. Profitability and Cost Management Planning is used for planning and budgeting process, where users can define financial targets, plan for different scenarios, and track actuals against targets. It is not used for allocating indirect costs to activities based on various allocation rules and drivers.

Option 1: This option is correct because an application is a collection of objects such as dimensions, drivers, rules, and mappings, while dimensions are the core building blocks of the application used to organize and classify data in a specific way. Option 2: This option is incorrect because creating an application does not necessarily define pre-defined rules for cost allocation, but rather allows the user to create objects that can be used in cost allocation. Option 3: This option is incorrect because importing and exporting data from external sources can be done at both the application and dimension levels, and dimensions are not used to calculate data using rules. Option 4: This option is incorrect because while applications do manage metadata, dimensions can also manage metadata. However, dimensions are primarily used to manage the data itself.

Option 1: Correct. The Report Designer feature in Oracle Profitability and Cost Management Cloud Service allows users to create custom reports based on specific requirements. It provides flexibility in designing the layout, adding data elements, and applying formatting. Option 2: Incorrect. Smart View is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to access and analyze data from various data sources. It provides ad hoc analysis and reporting capabilities, but it does not specifically allow users to create custom reports based on specific requirements. Option 3: Incorrect. Calculation Manager is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to create and manage calculations and business rules. It does not specifically allow users to create custom reports based on specific requirements. Option 4: Incorrect. Data Management is a feature in Oracle Profitability and Cost Management Cloud Service that allows users to load, validate, and map data from various sources. It does not specifically allow users to create custom reports based on specific requirements.

Option 1: Correct. The Attribute-Based Dimension feature in Oracle Profitability and Cost Management Cloud Service allows you to define different hierarchies within a dimension based on different attributes. This enables you to have multiple views of the same dimension, each tailored to a specific attribute. Option 2: Incorrect. Smart Formulas are not directly related to defining different hierarchies within dimensions. Smart Formulas are used for creating complex calculations and business rules in the application. Option 3: Incorrect. Dynamic Variables are not directly related to defining different hierarchies within dimensions. Dynamic Variables are used to create reusable calculations that can be applied to multiple dimensions. Option 4: Incorrect. Model Balancing is not directly related to defining different hierarchies within dimensions. Model Balancing is used to ensure that the data in your model remains balanced, with debits and credits matching.