Question 1
IntermediateConfiguration and Setup · Company Settings
A multinational organization, GlobalTech, operates in the US, Europe, and Japan and has enabled Multi-Currency in its Salesforce org. The US-based sales director needs opportunity amounts in reports converted to USD using the exchange rate that was in effect for each opportunity's Close Date, rather than a single static rate. Which feature should the administrator enable?
Answer and explanation
Correct answer: A
Advanced Currency Management (ACM) enables dated exchange rates, which map a conversion rate to a date range. For opportunities, opportunity products, schedules, splits and related reports, the Close Date determines which dated rate is used, so historical deals keep the rate of their period. Without ACM, multi-currency uses a single static conversion rate for every record. Source: Salesforce Help, 'About Advanced Currency Management'.
