FINANCIAL-SERVICES-CLOUD Online Practice Questions and Answers

The administrator at universal containers will create a custom field to track a specific Tier 2 support user on a case record.

What data type should be used while creating this custom field?

A. Hierarchical relationship

B. Lookup relationship

C. Formula

D. Lookup Filter

You are getting started with a Financial Services Cloud org. What's a reason why you cannot see the Lightning components and any pre-configured sample data after you set up "My Domain"?

A. Contact Salesforce to enable "My Domain"

B. Confirm that you click "Deploy to Users" to permanently deploy the custom domain to users

C. You need to switch to Salesforce Classic

D. It is working as designed. You need to configure Financial Services Cloud to create new Lightning components and sample data.

Which of the following statement is true of Financial Services Cloud?

A. You need to assign only the Financial Services Cloud license before you can access the product features

B. Financial Services Cloud sits on top of Sales and Service Cloud

C. Financial Services Cloud is an app you buy from AppExchange

D. Financial Services Cloud is for only Wealth Management companies

How do you give users access to use Financial Services Cloud?

A. Assign a Salesforce License and select the right profile

B. Assign a Salesforce License, Financial Services Cloud Permission Set License, and the applicable Permission Sets

C. Assign a Salesforce License and the Financial Services Cloud Permission Set License

D. Every user automatically gets access to the full features of Financial Services Cloud when you install the package

Which is a feature of Chatter? (3 answers)

A. Feeds

B. Events

C. Bookmarks

D. Recommendations

E. Notes

Which information can you find under the Relationships Tab? - (Check the 3 that apply)

A. Summary information about Total Financial Accounts. This includes total assets under management at your firm, the Category (i.e. Platinum.), client interactions, including the last interaction and the next interaction scheduled in the future.

B. Primary household Information, including the members of the household and how the household is related to other groups.

C. Related accounts - accounts not directly included in the primary household.

D. Related contacts that play a role in the financial world of the client (i.e a family lawyer)

When using sharing rules, what can records be shared with? (2 answers)

A. Roles and subordinates

B. Profiles

C. Queues

D. Public Groups

A time dependent action is placed in the work flow queue when the record is created.

When will the action be removed from the queue? (2 answers)

A. When the record no longer matches he rule criteria.

B. When the action is deleted from the workflow queue.

C. When a validation rule is triggered for the record

D. When another record triggers the same workflow rule

Universal containers is using a private sharing model. The US sales director needs full access to all records of the US sales representatives.

How can this be accomplished?

A. Place the US sales director in a queue with the US sales representative's

B. Define a role hierarchy where the US sales representatives roll up to the US sales director

C. Give the US sales director read/write/edit/delete object permissions on the profile

D. Define a role hierarchy where the US sales director rolls up to the CEO

When the multiple currencies feature is enabled, which currency is used as the basics for all currency conversion rates?

A. Active currency

B. Personal currency

C. Corporate currency

D. Record currency