Option 1: Incorrect. The Member Selector option allows you to select specific members from a single dimension, not multiple dimensions. Option 2: Correct. The Grid View option allows you to include multiple dimensions in the report layout. It provides a flexible grid-based layout where you can drag and drop dimensions to create the desired report structure. Option 3: Incorrect. Smart View is an Excel add-in that allows users to interact with Oracle EPM Cloud applications, but it does not provide options for creating report layouts with multiple dimensions. Option 4: Incorrect. The Data Source option is used to define the data source for the report, not to include multiple dimensions in the report layout.

Option 1: Correct: The dashboarding feature of Oracle Profitability and Cost Management Cloud Service allows users to analyze and visualize data from multiple sources. Option 2: Incorrect: The integration with Oracle Hyperion Financial Close Management focuses on financial close and consolidation processes, not analyzing and visualizing data from multiple sources. Option 3: Incorrect: The integration with Oracle Planning and Budgeting Cloud Service focuses on planning and budgeting processes, not analyzing and visualizing data from multiple sources. Option 4: Incorrect: The integration with Oracle ERP Cloud focuses on integrating financial and operational data, not analyzing and visualizing data from multiple sources.

Option 1: Incorrect: Reports can be created using the web interface or Microsoft Excel. Option 2: Correct: Reports can be created using the web interface or Microsoft Excel, providing flexibility for users to choose their preferred tool. Option 3: Incorrect: Reports can only be created using Microsoft Excel. Option 4: Incorrect: Reports can only be created using Oracle Smart View for Office.

Option 1: Option is incorrect because Data Management is a tool used to move data between applications. Option 2: Option is incorrect because File Import is a tool used to upload data from a file to Oracle Profitability and Cost Management Cloud Service. Option 3: Option is correct because Data Integration provides a way to connect Oracle Profitability and Cost Management Cloud Service to a SQL Server database and automate the transfer of data. Option 4: Option is incorrect because Data Management API is a REST API used to perform actions on data in Oracle Profitability and Cost Management Cloud Service, but it does not provide a way to connect to a SQL Server database.

Option 1: This option is incorrect because defining layout templates for reports can be done in the 'Design Layouts' phase. Option 2: This option is correct because setting up report parameters such as filters and prompts is an important step during the 'Define Key Performance Indicators and Reporting' phase of report creation to ensure that the report displays relevant and useful information. Option 3: This option is incorrect because creating subcalculations to derive additional data from source data can be done in the 'Derive Calculated Values' phase. Option 4: This option is incorrect because selecting a reporting tool to use for generating reports is not a step in the report creation process in Oracle Profitability and Cost Management Cloud Service 2023 as it has an inbuilt reporting tool.