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Oracle 1Z0-1023 Online Practice Questions and Exam Preparation

1Z0-1023 Exam Details

  • Exam Code
    :1Z0-1023
  • Exam Name
    :Oracle Inventory Management and Enterprise Structures Cloud 2018 Implementation Essentials
  • Certification
    :Oracle Certifications
  • Vendor
    :Oracle
  • Total Questions
    :75 Q&As
  • Last Updated
    :Nov 30, 2021

Oracle 1Z0-1023 Online Questions & Answers

  • Question 1:

    You are a shop floor manager and you have received an order which is a back-to-back order in nature. You need to reserve 100 pieces of an item in order to finish your order. However there are only 50 pieces available for reservation.

    If you process this request, how many pieces are provided as the fulfillment for the order?

    A. 100 pieces. 50 from on-hand and 50 in the form of a purchase order.
    B. 0 pieces, because partial fulfillment of reservation not supported.
    C. 25 pieces, only half of the quantities can be reserved.
    D. 50 pieces, because full 100 quantities are at available.

  • Question 2:

    Your company is an automobile spares manufacturing organization, which follows a discrete process. It has its own manufacturing and distribution centers located globally. It has these business units: US - USA business unit CAN - Canadian business unit UK - UK business unit MX - Mexican business unit IND - India business unit SPA -Spain business unit FRA - France business unit NL - Netherlands business unit GER - Germany business unit These are the inventory organizations that exist In each business unit: Inventory Org - business unit GM (Master Org) - US US1 (Child Org) - US US2 (Child Org) - US CA1 (Child Org) - CAN MX1 (Child Org) - MX

    IN1 (Child Org) - IND SP1 (Child Org) - SPA FR1 (Child Org) - FRA NL1 (Child Org) - NL DE1 (Child Org) - GER Which two statements are true?

    A. Items defined in the GM organization can be assigned to US1.US2, NL1, and MX1 inventory organizations.
    B. All inventory organizations do not need to be in the same business unit to assign item.
    C. Item organizations are also supported to serve as Inventory organizations.
    D. Items cannot be assigned to inventory organizations across business units.
    E. You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.
    F. Operational Attributes can be controlled only at the Master Level.

  • Question 3:

    Your are in the process of analyzing the demand and supply schedules for the Item based on high level reservations.

    Identify the reservation document type that would be applicable to both supply as well as demand.

    A. Work Order
    B. On Hand
    C. Transfer Order
    D. Movement Request
    E. Requisition
    F. Account Alias

  • Question 4:

    Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity. What will be the reorder quantity?

    A. 30
    B. 24
    C. 25
    D. 20

  • Question 5:

    Identity two statements that are true about the cost-organization relationship.

    A. Only inventory organizations belonging to different item Master Organizations can be part of a cost organization.
    B. The inventory organizations that are assigned to a cost organization must all belong to the same legal entity.
    C. Costing Item Validation Organization can only be item Master Organization of the underlying inventory organizations.
    D. Costing Item Validation Organization is used to default the Unit of Measure for costing calculations.

  • Question 6:

    While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.

    What will be the functional currency of the ledger you are defining?

    A. It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error Upon processing.
    B. The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
    C. The system will pick the first available currency from the List of Values.
    D. It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
    E. The system will automatically pick "USD" as functional currency from the legal entity country.

  • Question 7:

    What does the system do if you have not entered a count for a tag during physical inventory process?

    A. It will consider the current system quantity.
    B. Any adjustment will be rejected.
    C. You will not be able to post without a quantity for every tag.
    D. It will adjust your on-hand balances down to zero quantity.
    E. A warehouse person will be notified.

  • Question 8:

    Which three replenishment count types are used for Periodic Automated Replenishment (PAR)?

    A. Order Quantity: Generates a replenishment request for the order quantity entered for the replenishment count
    B. Reorder Point: Generates a replenishment request for the order quantity based on days of cover for the item lead time
    C. Order PAR: Generates a replenishment requisition for the PAR-level quantity
    D. Order Economic Order Quantity (EOQ): Generates a replenishment request for the calculated quantities based on inventory policies to maintain the PAR quantity
    E. On-Hand Quantity: Generates a replenishment requisition for the difference between the on-hand quantity and the PAR-level quantity

  • Question 9:

    Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment mode. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.

    What is the process of returning the material?

    A. Return the material and create a debit memo for the supplier.
    B. You have to cancel the Invoice and send the material back without changing the ownership.
    C. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.
    D. You have to transfer the ownership of item and perform the return transaction.

  • Question 10:

    Identify the availability type that is applicable for the item quantities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

    A. On Hand
    B. Secondary On-hand Quantity
    C. available
    D. Reserved
    E. Secondary Available Quantity

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