Question 1

Financial Advisors can create a financial goal to track a client's progress toward major purchases, retirement

savings, or other life goals. Which statements are correct?

Options :

A : You can only create savings-oriented goals.

B : You can't create a goal for paying down a debt.

C : You can associate a goal with a specific financial account.

D : Financial Goals require the Financial Goals permission set to be visible to a user.

Answer: A,B

Question 2

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?

Options :

A : When you work with Action Plans, you first create Action Plan Templates

B : Action Plans require a monthly license fee per user

C : Action Plans can be used to schedule appointments with the Bankers

D : Action Plans make it easy to create reports and dashboards, so you can monitor progress and ensure compliance

E : Action Plans can be used to automatically assign task owners and deadlines for specific client engagements

Answer: A,D

Question 3

A system administrator at Universal Containers needs to transfer records from one user to another. What object can be transferred using the mass transfer tool? (2 answers)

Options :

A : Leads

B : Campaigns

C : Quotas

D : Accounts

Answer: A,D

Question 4

Lake Tahoe Bank would like to capture their commercial customers in FSC. A commercial customer can be owned by multiple groups. How can Lake Tahoe Bank SF Admin configure FSC to capture and display commercial customer and its parent company ? (3 correct answers)

Options :

A : Add the Business record type to the Group record type mapper

B : Capture the majority owner as parent account using Account hierarchy

C : Leverage Groups to capture the majority owner and Account hierarchy to capture minority owner

D : Enable Relationship Group Hierarchy in Custom Metadata

E : Link multiple owners to the business entity as a Group

Answer: A,C

Question 5

During the delivery stage of a Financial Services Cloud (FSC) implementation, a consultant needs to think about how to utilize FSC-related objects. Which three things should the consultant consider when adopting such objects?

Options :

A : In a household, each household member is modeled as a Contact, and the household is modeled as an Account.

B : In a household, each of the household members is modeled as a Person Account and the household is modeled as an Account.

C : Role Hierarchy-based sharing can be disabled for the Financial Deal object but can't be disabled for the Opportunity object.

D : Both the Financial Deal object and the Opportunity object support Compliant Data Sharing.

E : Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object.

Answer: A,C,D

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