A dummy table is a virtual table where you can perform a select even if it does't exist.
In oracle, the name of this table is “dual” and you use it for several reasons. The most common is :
select REGEXP_INSTR(' 2343 LM ', '^([[:blank:]]*[0-9]{4}[[:blank:]]*[A-Z]{2}[[:blank:]]*)$') from dual
You don't need any table as you give the data.
SELECT 'MONTH' AS REPORT_LEVEL FROM DUAL
UNION
SELECT 'QUARTER' AS REPORT_LEVEL FROM DUAL
Second, you need to create the column report_level from the sql statement.
If you choose this column in a query, the values MONTH and QUARTER will be returned.