Oracle Narrative Reporting 2024 Implementation Professional Quiz 04 15Nov24 - Practice Quiz

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Question 1 of 30

In a multinational corporation using Oracle Narrative Reporting, the finance department has established a multi-tiered approval hierarchy for financial reports. The hierarchy requires that all reports must first be approved by the team lead, followed by the department manager, and finally by the CFO. During a quarterly review, the team lead notices discrepancies in the report and decides to reject it. What is the most appropriate next step in the approval process according to the established hierarchy?

The report is sent back to the preparer for corrections before it can be resubmitted for approval.

The department manager is notified to review the discrepancies and approve the report directly.

The CFO is informed of the rejection and asked to provide input on the discrepancies noted.

The report is automatically archived due to the rejection, requiring a new report to be created from scratch.

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