Free Salesforce Financial-Services-Cloud Practice Test & Real Exam Questions, Page 7

Question #85

Which three types of preassembled flows can be utilized from the Financial Services Cloud (FSC) packages and the Lightning Flow for FSC package?

A. Mortgage flow

B. Institutional Banking flow

C. Commercial Banking flow

D. Insurance flow

E. Retail Banking flows

Discussion 0

Correct Answer: A,D,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #86

How can the Salesforce Administrator make sure that highly sensitive Life Events or Business Milestones will not be shownuntil the event actually happened?

A. Delete the value from the Event Type picklist on the Life Event Object or the Milestone type on the BusinessMilestone object

B. Remove the Event or Milestone from the Lightning Component in the Developer Console.

C. Life Events are part of the FSC managed package, therefore the Salesforce Admin must contact Salesforce Support to remove the Event from the Lightning Component.

D. Hide the Event or Milestone on the Events & Business Milestones Lightning Component page properties.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #87

A company wants to convert its Salesforce Financial Services Cloud implementation from using the individual account model to using person accounts.
Which three things should a consultant do to prepare for the conversion?

A. Test out the conversion in a sandbox, including all integrations and customizations.

B. Ensure all individual account records to be converted are only linked to exactly one contact record.

C. Ensure each account.phone field in the individual account record is blank.

D. Ensure each individual account to be converted is not a parent account of any other account records.

E. Update all opportunities linked to individual account records to be owned by the individual account record's owner.

Discussion 0

Correct Answer: A,B,D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #88

An administrator is logged into Data Loader with their own credentials to insert new Business Account records into their Salesforce environment. They forget to specify the Account Owner field in the import file.
Assumingthere are no other issues, what should happen when the administrator uploads the import file?

A. The import will fail, since all records in Salesforce must have an owner.

B. The import will succeed, and the administrator will be prompted to select a user.

C. The import will succeed, and the Account Owner field will be left blank.

D. The import will succeed, and the administrator will be named as the default Account Owner.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #89

While working for an insurance client implementing Financial Services Cloud, an API integration between Salesforce and a risk control system has been configured. The consultant is asked to ensure the correct profiles and permissions were set up for this connection. Which two steps should the consultant take?

A. Assign the integration user to the System Administrator profile.

B. Create a dedicated Integration User.

C. Update the System Administrator profile to include the API Only User.

D. Create a new customprofile and ensure API Only is selected.

Discussion 0

Correct Answer: B,D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #90

Lake Tahoe Bank is evaluating Financial Services Cloud to help them deliver a customer-centric view. They currently have a heavily customized Salesforce implementation with a product-centric design. Lake Tahoe Bank wants to make sure planned changes have a minimal impact on users during implementation. What is the recommended approach for implementing Financial Services Cloud at Lake Tahoe Bank?

A. Implement Financial Service Cloud in a new org (Green Field) and redesign business capabilities in Ihe new org.

B. Implement Financial Service Cloud in the existing org's Sandbox and then deploy to production org to mitigate the end-user impact

C. Implement Financial Service Cloud in the existing org (Brow Field).

D. Implement Financial Service Cloud in a Trial org and convert the Trial org toproduction org.

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #91

Lake Tahoe Bank is implementingFinancial Services Cloud. The bank's new business processes require that Financial Advisors can add individuals to more than one Group or Household using Multiple Relationship Groups. Where do Admins enable Multiple Relationship Groups?

A. Lightning Page Editor

B. Object Settings

C. Custom Settings

D. Profiles

Discussion 0

Correct Answer: C Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #92

Lake Tahoe Bank would like to reslricl their Financial Services Cloud users from viewing certain types of milestones that might be irrelevant to their customersor might cause negative sentiment. How can the Salesforce Admin implement such a requirement?

A. The Salesforce Admin can manage sensitive Life Events using Permission Sets.

B. The Salesforce Admin can hide the life Event or Business Milestone type, by removing it from the Event Type picklist.

C. The Salesforce Admin can manage sensitive Life Evenls using sharing rules.

D. The Salesforce Admin can hide sensitive Life Events on Ihe Life Events component on the Lightning Page using the Properties pane.

Discussion 0

Correct Answer: D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #93

Cumulus Insurance has created a Delegated Administrator group for its franchise users to reduce the workload on head office support staff.
Which three functions should be added tothe Delegated Administrator group?

A. Unlock users.

B. Set organization-wide sharing defaults on custom objects.

C. Assign or remove permission sets for users in their delegated groups.

D. Create and manage membership of specified public groups.

E. Modify permission sets.

Discussion 0

Correct Answer: A,C,D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #94

Lake Tahoe Bank is migrating customer records from the Individual Model to Person Accounts. Which threesteps should a Data Architect take to ensure a successful migration?

A. Enable 'Individual to Person Account Migration' in Custom Settings.

B. Log a case with Salesforce to perform the conversion from the indrvkJual Model to Person Accounts.

C. Configure your Person Account record types m the Indrvidual Record Type Mapper.

D. Use a CSV field to map PersonRecordTypeld to the Person Account RecoroTypeld and use Data Loader to update Client Records

E. Ensure Person Accounts is enabled on the org

Discussion 0

Correct Answer: C,D,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #95

A financial services company would like its users to be able to relate two business accounts. Whatshould the administrator configure to meet the requirement?

A. Update the Role picklist on the Account-Account Relationship object with new value.

B. Update the Role picklist on the Account-(?ontact Relationship object with new value.

C. Create a new Account Reciprocal Role for the required value.

D. Create a new Contact Reciprocal Role for the required value.

Discussion 0

Correct Answer: A Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #96

A bank needs help with many of its processes taking too long to complete. Many of its challenges are due to issues with handoffs between teams. The challenges also include users transferring control to the wrong person or team or forgetting to transfer it at all.
Which two Financial Services Cloud capabilities should help address these challenges?

A. Omni Scripts

B. Action Plans

C. Financial Accounts

D. Roll-up Summaries

Discussion 0

Correct Answer: A,B Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #97

A bankingclient currently manages its onboarding process manually with paper forms. To optimize the process, the client wants to digitize and automate as much as possible. The bank wants its clients to manage the forms in a portal and leverage e-signatures for processing.
Which three steps are needed to document this requirement following the discovery session?

A. Understandthe journey!for the multiple personas involved in the process.

B. Create a visual flow diagram.

C. Document the business process flows.

D. Determine the best e-sigTiature solution to use.

E. Design the solution using the Financial Services Cloud components.

Discussion 0

Correct Answer: A,C,D Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #98

The Salesforce Admin of Lake Tahoe Bank wants to implement Financial Services Cloud using the individual object model. What are the steps to disable person accounts? (Choose Three)

A. Disable the Person Account custom setting.

B. Remove Person Account record types from the Individual Record Type Mapper.

C. Assign the Individual record type to the user profiles.

D. Assign the Person Account record type to the user profiles.

E. Log a case with Salesforce to perform the conversion from Person Accounts to the individual model.

Discussion 0

Correct Answer: B,C,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Free Salesforce Financial-Services-Cloud Practice Test & Real Exam Questions

Download Free Salesforce Financial-Services-Cloud Demo