Option 1: This option is the correct answer as it accurately describes the difference between dimensions and members in PCMCS. A dimension is a category or characteristic that provides context, while a member is a specific instance or data point within that category or characteristic. Option 2: This option is incorrect as it describes the opposite relationship between dimensions and members. Option 3: This option is incorrect as dimensions and members are not the same thing and cannot be used interchangeably. They have distinct roles and functions in PCMCS. Option 4: This option is incorrect as dimensions and members are both used for metadata management and data input in PCMCS. The statement incorrectly suggests that they have different uses.

Option 1: This option is incorrect because metadata can be manually assigned to dimension members. Option 2: This option is incorrect because the dynamic member function is not used to retrieve data from the database. Option 3: This option is correct because the dynamic member function allows users to create new dimension members on-the-fly based on user-defined logic. Option 4: This option is incorrect because the dynamic member function is not used to import data into Oracle Profitability and Cost Management Cloud Service 202

Option 1: Incorrect. The Application Import functionality is used to import actual data, not create dimensions. Option 2: Incorrect. Data load rules are used to import data, not create dimensions. Option 3: Correct. The Dimension Editor in the Performance Management Architect (PM interface is used to create and manage dimensions in Oracle Profitability and Cost Management Cloud Service. Option 4: Incorrect. The Calculation Manager in the Oracle Enterprise Performance Reporting Cloud Service (EPRCS) interface is used for creating and managing calculations, not dimensions.

Option 1: Although it is true that loaded data is not altered by allocation definitions themselves, running an allocation based on those definitions certainly can change the data. Answer This is therefore incorrect. Option 2: Answer This is correct. Allocations can update previously loaded data or adjust it based on allocation rules. This is the entire purpose of running an allocation. Option 3: Answer This is incorrect. Running an allocation does not delete previously loaded data. Option 4: Answer This is incorrect. Allocations can impact all data regardless of when it was loaded.