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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q147-Q152):

NEW QUESTION # 147
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?

A. In a household, each household member is modeled as a Contact, and the household is modeled as an Account.
B. Interaction Summary is an enhancement of the standard Activity object. FSC implementations should use Interaction Summary as a replacement for the Activity object.
C. In a household, each of the household members is modeled as a Person Account and the household is modeled as an Account.
D. Role Hierarchy-based sharing can be disabled for the Financial Deal object but can't be disabled for the Opportunity object.
E. Both the Financial Deal object and the Opportunity object support Compliant Data Sharing.

Answer: A,D,E

NEW QUESTION # 148
Which of the following would be considered a Junction Object in Salesforce?

A. A many-to-many relationship created with two master-detail relationship
B. Two standard objects that have lookup relationship with each other
C. A many-to-many relationship created with two lookup relationships
D. A custom object that contains a lookup field to a standard object

Answer: A

NEW QUESTION # 149
Lake Tahoe Bank has been using Sales Cloud to support the business to consumer (B2C) activities. The VP of IT wants a better and more flexible data model that can support his B2C Banking use cases. He is considering upgrading to Financial Services Cloud, using Person Accounts. Which 2 of these statements are true for the Financial Services Cloud Person Account Data Model?

A. The Person Account record type can be used when a client is an agent for a broker firm that is doing business with the Financial Institution.
B. Person Accounts can be merged with Business Accounts in Financial Services Cloud
C. The Person Account model uses the standard Account object to hold all of the details about a person The Account object has been extended " with custom fields and a Person Account Record Type
D. The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
E. To share a Person Account record the admin will need to create sharing rules Account and Contact objects

Answer: C,D

NEW QUESTION # 150
How can the Salesforce Admin change the configuration to summarize Financial Goals at the household level?

A. Create a formula field and add it to the Account page layout
B. Financial Goals can not be summarized at the household level.
C. Add a custom Rollup By Lookup (RBL) rule.
D. Update the selection in "Activities & Objects to Roll Up' to indude Financial Goals

Answer: D

NEW QUESTION # 151
For which three objects are Rollup By Lookup (RBL) summaries are available?

A. Contacts
B. Life Events
C. Claims
D. Financial Accounts
E. Assets and Liabilities

Answer: A,D,E

Explanation:
Explanation
Rollup By Lookup (RBL) summaries are available for the following objects:
Financial Accounts, which are records that represent financial products or services that a client owns or uses1.
Assets and Liabilities, which are records that represent the value of what a client owns or owes1.
Contacts, which are records that represent individuals who are associated with an account3.

NEW QUESTION # 152
......

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Salesforce Financial-Services-Cloud PDF Questions - Guaranteed Success

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Salesforce Financial Services Cloud (FSC) Accredited Professional Sample Questions (Q147-Q152):

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