Oracle 1Z0-1023 Online Practice Questions and Exam Preparation

Oracle 1Z0-1023 Online Questions & Answers

• Question 11:

  While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.

  In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership?

  A. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
  B. You received the goods today and you decide to issue the goods after three days without transferring the ownership.
  C. You received the goods today and for the next one week you do not plan any action on the same.
  D. You received the goods today and after four days you return the material to the supplier.
  E. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
  F. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.
  A. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
  C. You received the goods today and for the next one week you do not plan any action on the same.
  E. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.

• Question 12:

  Your customer has two warehouses (Inventory organizations) located in two different regions. They have a consigned agreement in place with the supplier. Your customer requests that whenever consumption advice is created, it should be created separately for each inventory organization.

  What setup is required to achieve this requirement?

  A. This cannot be achieved because only one common consumption advice is created regardless of other parameters.
  B. Set Consumption Advice Summary in Consignment Agreement to "All Organizations with items".
  C. Set Consumption Advice Summary in Consignment Agreement to "Organization".
  D. Set Consumption Advice Summary in Consignment Agreement to "All Organizations".
  C. Set Consumption Advice Summary in Consignment Agreement to "Organization".

• Question 13:

  Your client has just set up their chart of accounts. They are now designing the organization hierarchy in the system. Which three structures should the customer use to do this?

  A. Divisions, Business Units, and Departments
  B. Cost type, Default Cost Structure, and Item Organization
  C. Warehouse, Subinventory, and Locators
  D. Cost Centers, Organizations, and Locations
  A. Divisions, Business Units, and Departments

• Question 14:

  Your client wants the purchasers to be able to run the min-max plan for items under their control and then manage the POs created out of these. Which parameters can they use to be able to do this?

  A. Sort by
  B. Planning Level
  C. From Buyer to Buyer
  D. From Item to Item
  E. From Planner to Planner
  B. Planning Level

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  https://docs.oracle.com/cloud/r13_update17c/scmcs_gs/FAMML/FAMML1153517.htm#FAMML245911

• Question 15:

  Which three types of Jurisdictions should be considered while designing the Enterprise Structure?

  A. Local Jurisdiction
  B. Identifying Jurisdiction
  C. Labor Jurisdiction
  D. Obligatory Jurisdiction
  E. Income Tax Jurisdiction
  F. Transaction Tax Jurisdiction
  B. Identifying Jurisdiction
  E. Income Tax Jurisdiction
  F. Transaction Tax Jurisdiction

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  https://docs.oracle.com/cd/E51367_01/commonops_gs/FAESC/F1004343AN10971.htm#FAESC1004343

  Jurisdiction is a physical territory such as a group of countries, country, state, county, or parish where a particular piece of legislation applies. French Labor Law, Singapore Transactions Tax Law, and US Income Tax Laws are examples of particular legislation that apply to legal entities operating in different countries' jurisdictions. Judicial authority may be exercised within a jurisdiction.

  Types of jurisdictions are: Identifying Jurisdiction Income Tax Jurisdiction Transaction Tax Jurisdiction

• Question 16:

  Which three statements are true for an expense destination transfers that does NOT require a receipt at destination inventory organization?

  A. The destination inventory is not incremented.
  B. There is no coQ associated to the transaction.
  C. A receipt is required on interorganization expense destination transfer orders between the from and to organizations.
  D. There is no put away transaction in Inventory since the item is expensed.
  E. The transfer order is considered received and delivered at the time of shipment.
  C. A receipt is required on interorganization expense destination transfer orders between the from and to organizations.
  D. There is no put away transaction in Inventory since the item is expensed.
  E. The transfer order is considered received and delivered at the time of shipment.

• Question 17:

  On the Supply Lines Overview page, the deviations in supply type chart show a supply line status of exception.

  What action must you take?

  A. This indicates that supply line quantities are less than required, so additional quantities must be procured to meet the requirement.
  B. This indicates that supply line quantities are available but the quality is not up to the mark, so the quality issue must be resolved.
  C. This indicates that supply line quantities are not available, so inventory must be procured.
  D. This indicates that supply line has an exception in manufacturing goods, so the supply line must be changed.
  C. This indicates that supply line quantities are not available, so inventory must be procured.

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  https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/fauco/overview.html#FAUCO2039588

• Question 18:

  In Supply Chain Orchestration, Automated Change Management performs which two functions?

  A. changing the ship method on a sales order
  B. change to need by dates of a purchase order
  C. splitting of a sales order
  D. change to item attributes
  E. changing the supplier on a purchase order
  B. change to need by dates of a purchase order
  C. splitting of a sales order

• Question 19:

  Your customer has defined three business units: two of the them require the same set of receivables payment terms whereas the third needs a separate set of receivables payment terms.

  How will you achieve this requirement?

  A. Define one reference data set and modify the business unit security.
  B. Define two reference data sets, assign the first set to the two business units which will share the same payment terms and second set to the business unit which needs separate payment terms.
  C. Define one data set with common payment terms and exclude the payment terms feature from the third business unit.
  D. Define three reference data sets and assign each data set to each business unit.
  B. Define two reference data sets, assign the first set to the two business units which will share the same payment terms and second set to the business unit which needs separate payment terms.

• Question 20:

  Your customer has a requirement across their 10 warehouses, each with different users. They would like that whenever a warehouse user logs in, their default warehouse should net populated. How will you achieve this?

  A. Set the profile option INV_DEFAULT_WHSE_ID at user level for each user.
  B. Set the profile option INV_DEFAULT_ORG_ID at site level.
  C. Set the profile option INV_DEFAULT_ORG_ID at user level for each user.
  D. Set the profile option INV_DF.FAULT_WHSE_ID at role level (different roles for different warehouses).
  E. Set the profile option INV_DEFAULT_ORG_ID at role level for each role (different roles for different warehouses).
  F. Set the profile option INV_DEFAULT_WHSE_ID at site level.
  C. Set the profile option INV_DEFAULT_ORG_ID at user level for each user.