Final answer:
In a lookup relationship, a developer can create a custom report type to display fields from both parent and child objects, and establish a cross object formula field on the child object to reference fields on the parent object.
Step-by-step explanation:
When dealing with lookup relationships in a database or a platform like Salesforce, developers have several actions at their disposal. However, not all actions apply to lookup relationships specifically. Reference to the options provided:
- Create a custom report type that allows customization of fields displayed from both parent and child objects in the report wizard.
- Create a cross object formula field on the child object to reference fields on the parent object.
Conversely, you cannot create a roll-up summary field on the parent object to count child records, nor create a cross-object formula field on the parent object to reference fields on the child object using a lookup relationship. These actions are specific to master-detail relationships.