Salesforce Financial Services Cloud Accredited Professional (AP-208) Exam - Topic 1 Question 29 Discussion

Actual exam question for Salesforce's Financial Services Cloud Accredited Professional (AP-208) exam

Question #: 29
Topic #: 1

[All Financial Services Cloud Accredited Professional (AP-208) Questions]

A financial services company needs a custom field for reporting when relating two business accounts to each other. Which object should the administrator configure the custom field on?

AContact-Contact Relationship

BAccount

CAccount Account Relationship

DAccount Contact\Relationship

Show Suggested Answer

Suggested Answer: C

To configure a custom field for reporting when relating two business accounts to each other, the administrator should configure the custom field on the Account-Account Relationship object. The Account-Account Relationship object is a custom object in Financial Services Cloud that allows you to create and manage relationships between two accounts, such as Household Member, Business Owner, Trustee, or Friend. You can use the Account-Account Relationship object to store additional information about the relationship between two accounts, such as role, start date, end date, or status. You can also use the Account-Account Relationship object to report on the account-account relationships and analyze their impact on your business. Verified Reference: : Salesforce Help Article [4] : Salesforce Help Article [5]

by Donette at Dec 21, 2023, 01:08 PM

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Maryanne

3 months ago

Not sure about C, seems a bit too narrow for reporting needs.

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Reita

3 months ago

Totally with you on C, it makes the most sense!

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Walker

4 months ago

Wait, why not just use A? Isn’t that a valid option?

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Lavonda

4 months ago

I think B could work too, but C seems more specific.

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Wei

4 months ago

Definitely C, that’s the right choice for account relationships.

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Ocie

4 months ago

I feel like I’ve seen something similar before, and it was about configuring fields on relationships, so maybe it’s C?

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Ricarda

4 months ago

I’m a bit confused; I thought custom fields could be added to Contacts too, but that doesn’t seem relevant for this question.

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Ora

4 months ago

I remember a practice question about relationships, and it seemed like Account Account Relationship could be the right choice here.

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Emogene

5 months ago

I think the custom field should go on the Account object since we're relating business accounts, but I'm not entirely sure.

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Lizette

5 months ago

Okay, I think I've got it. The custom field should be on the Account-Account Relationship object since that's where the relationship between the two business accounts is defined.

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Thora

5 months ago

The wording of the question is a bit confusing. I'm leaning towards the Account-Account Relationship object, but I'll need to double-check my understanding.

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Dong

5 months ago

Hmm, I'm not sure about this one. I'm thinking it might be the Account-Account Relationship object, but I'm not 100% confident.

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Antione

5 months ago

This seems straightforward - the custom field should be on the Account object since the question mentions relating two business accounts.

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Providencia

5 months ago

Hmm, this is a tricky one. I'm not entirely sure about the differences between the answer choices, but I think the key is understanding how the network needs to support diverse requirements from different applications. I'll have to really focus on the details of each option.

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Carrol

5 months ago

Okay, I think I've got this. The question is telling us that Indigo's denial of payment doesn't constitute a medical opinion or interfere with the provider-patient relationship. That sounds like it's related to an informed refusal clause, where the provider can still provide the service even if the insurer doesn't cover it. I'll go with option C.

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Cheryl

5 months ago

Hmm, this looks like a straightforward multiple-choice question. I'll need to carefully review the options and think about which three are relevant for Document type Setup when setting up Order Types.

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Daniel

5 months ago

I practiced a question similar to this last week that focused on TPC settings, and I think decreased client signal strength could be a factor, but maybe not the main one?

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Abel

5 months ago

I'm leaning towards option A because we discussed how aggressive attitudes can lead to significant risk in financial reporting.

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