Oracle 1Z0-1007 Online Practice Questions and Exam Preparation

Oracle 1Z0-1007 Online Questions & Answers

• Question 91:

  What is the earliest point that funds can be reserved for requisitions, during implementation and funds reservation for Budgetary Control?

  A. Funds can be reserved upon approval of the requisition.
  B. Funds can be reserved upon approval of the purchase order.
  C. Funds can be reserved upon creation of the purchase order.
  D. Funds can be reserved upon submission of the requisition.
  D. Funds can be reserved upon submission of the requisition.

• Question 92:

  What is required to make data available in Oracle Procurement Cloud Transactional Business Intelligence graphs?

  A. Configure the Extract Transform and Load tool and data will be populated in real time.
  B. Schedule concurrent requests to run every hour.
  C. No need to schedule anything; data will be populated in real time.
  D. Schedule ESS jobs to run according to customer requirements.
  C. No need to schedule anything; data will be populated in real time.

• Question 93:

  Your customer is implementing Cloud Procurement across two countries: A and B. They need intercompany transactions to be carried out between these two entities.

  Identify the setup to fulfill this requirement.

  A. Supply Chain financial Orchestration agreement between business units of countries A and B.
  B. intercompany transaction between legal entities of countries A and B
  C. Supply Chain financial Orchestration agreement between legal entities of countries A and B
  D. intercompany transaction between business units of countries A and B
  D. intercompany transaction between business units of countries A and B

• Question 94:

  Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:

  For qualification manager (Vendor development team-VD) Independent evaluation (Procurement Department-PD) Involvement of internal subject matter experts (SME)

  Identify the correct setup to meet this requirement.

  A. initiatives created and owned by VD, internal response and evaluation by SME
  B. initiatives created and owned by VD, internal response by SME, and evaluation by PD
  C. initiatives created and owned by VD, internal response by PD, and evaluation by SME
  D. initiatives created and owned by VD, internal response by VD, and evaluation by SME
  B. initiatives created and owned by VD, internal response by SME, and evaluation by PD

• Question 95:

  In negotiations you need to add a colleague to a scoring team, but they are not available. Which two are valid issues that are causing this? (Choose two.)

  A. The person has already been added to the collaboration team.
  B. The person has not been added to the collaboration team.
  C. The person has already been added to a scoring team.
  D. The person has already been added to a requirement section in a scoring team.
  E. The person has been added to have view access.
  B. The person has not been added to the collaboration team.
  C. The person has already been added to a scoring team.

• Question 96:

  Identify two control option that are enabled when a buyer selects the `Group requisition lines' field while creating a Blanket Purchase Agreement. (Choose two.)

  A. Group requisition
  B. Apply price updates to existing orders
  C. Automatically submit for approval
  D. Use need-by date
  E. Use ship-to organization and location
  D. Use need-by date
  E. Use ship-to organization and location

• Question 97:

  Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types. (Choose two.)

  A. payment method, which supports multiple-installment payment goods or services
  B. condition-dependent reductions in price
  C. change orders affecting pricing of specific lines
  D. price increase request from a supplier through the supplier portal
  E. means to provide price discounts
  B. condition-dependent reductions in price
  D. price increase request from a supplier through the supplier portal

• Question 98:

  The Payables department has reported that a supplier is not appearing in the Submit Payment Process Request. The payment method selected from the payment processing options at Submit Payment Process Request is Electronic. Identify two reasons why the supplier is not appearing in the Submit Payment Process Request. (Choose two.)

  A. The From Date field value for the payment method Electronic is a future date.
  B. The supplier does not have an active Purchase Order.
  C. The payment method Electronic is end-dated on the Payment Method tabbed page of the supplier profile for the supplier.
  D. The supplier must have a Blanket Purchase Agreement in place.
  E. The supplier has a default payment method of Check.
  A. The From Date field value for the payment method Electronic is a future date.
  D. The supplier must have a Blanket Purchase Agreement in place.

• Question 99:

  For Payables and Procurement, what three common controls and default values need to be set for each business unit?

  A. Collaboration Messaging
  B. Automatic Offsets
  C. Buyer Assignment
  D. Currency Conversion
  E. Expense Accruals
  B. Automatic Offsets
  D. Currency Conversion
  E. Expense Accruals

• Question 100:

  Your organization has multiple procurement business units. A Qualification manager wants to launch an initiative for assessment of suppliers. However, the manager is unable to select the qualification model that he or she defined earlier. Identify the cause for this behavior.

  A. The qualification model is not yet approved.
  B. The Qualification manager is not defined as procurement agent.
  C. The Qualification manager does not have the "Manage Suppliers" action enabled in procurement agent definition.
  D. The Qualification manager has not selected the correct procurement BU.
  B. The Qualification manager is not defined as procurement agent.