@SY_MSO Thanks for posting in our Q&A. For this issue, it is not related to windows 365. It is related to Microsoft 365 itself.
Based on my research, "office activations" is under Reports in Microsoft 365 admin center. If a user want to view office activations, it is needed to have the permission to view Reports. People who can see reports are listed in the below:
Global admins: We recommend that only a few people in your company have this role. It reduces the risk to your business.
Exchange admins
SharePoint admins
Skype for Business admins
Global reader (with no user details)
Usage Summary Reports reader (with no user details)
Reports reader
Teams Service Administrator
Teams Communications Administrator
https://learn.microsoft.com/en-US/microsoft-365/admin/activity-reports/activity-reports?WT.mc_id=365AdminCSH_inproduct&view=o365-worldwide#who-can-see-reports
So, it is suggested to try to assign one of the above roles to the target user.
https://learn.microsoft.com/en-US/microsoft-365/admin/add-users/assign-admin-roles?view=o365-worldwide#watch-add-an-admin
I hope that's what you need.
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