Oracle 1Z0-1065-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1065-20 Online Questions & Answers

• Question 71:

  Your customer is a global company and has multiple legal entities across countries:

  Vision China (Legal Entity) 1) has a China Distribution Business Unit (BU). Vision US (Legal Entity) 2) has a US Distribution BU.

  They have the following requirements:

  1.

  To make purchases from or sell to the other legal entities using intercompany transaction

  2.

  To automatically determine the sold-to legal entity on a Purchase Order (PO) by using Supply Chain Financial Orchestration (SFO)

  Identify three applicable setups in Oracle Procurement Cloud to fulfill these requirements.

  A. Set up the Default Legal Entity on the Configure Requisitioning Business Process page.
  B. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.
  C. Set up the "Multiple Legal Entities on Order" value to "Allow" on the Configure Requisitioning Business Process page.
  D. Create Profit Center BU to Party Relationships.
  E. Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.
  B. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.
  D. Create Profit Center BU to Party Relationships.
  E. Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.

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  How the Sold-To Legal Entity Is Determined

  The following steps are performed in and by the application to determine the sold-to legal entity on a purchase order.

  Here is a simplified example of how that might work:

  References:

  https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_F72B15B6E4B74B74E043B69BF40A0BA0

• Question 72:

  A supplier has one corporate site location and three other site locations from where they supply goods to your client locations. Each site must have its own contract for negotiating and they must be restricted from viewing each other's

  negotiations.

  How would you configure this?

  A. by giving the Supplier Administrator role to the supplier contract
  B. by restricting supplier contract access to a specific supplier site
  C. by restricting supplier contract access to Supplier Level
  D. by giving the Procurement Agent role to the supplier contract
  D. by giving the Procurement Agent role to the supplier contract

• Question 73:

  Your customer tells you that the agreement document sequencing should be 10-digit numbers starting with 999 (for example 9990000001, 9990000002, and so on) and the negotiation document sequencing should also be 10-digit numbers but should start with 777 (for example 7770000001, 7770000002, and so on). Identify the functional task where you will set up the required document numbering.

  A. Configure Requisitioning Business Function
  B. Configure Procurement Business Function
  C. Manage Document Styles
  D. Manage Payables Document Sequence
  E. Manage Purchasing Value Sets
  B. Configure Procurement Business Function

• Question 74:

  During the User acceptance testing of your Cloud Procurement implementation, a user has created a purchase order and is trying to submit the purchase order for approval. On clicking Submit, the user gets a "Funds check failed" error. Identify the cause of this error.

  A. Funds are insufficient and budget type is "Track".
  B. Funds are insufficient and budget type is "Advisory".
  C. Funds are insufficient and budget type is "Absolute".
  D. Funds are available but the approver is not set up as "Budget Manager" for the selected budget for the business unit.
  C. Funds are insufficient and budget type is "Absolute".

  ---

  The options for budgetary control settings are as follows: Absolute, Advisory, end None Absolute: If Absolute is entered, the transaction is rejected unless funds are available. Advisory: If Advisory is entered, the transaction is approved even

  when no funds or insufficient funds are available.

  None: If None is entered, all transactions are approved and there is no funds check.

  References:

  https://docs.oracle.com/cd/E18727_01/doc.121/e13567/T237204T237227.htm

• Question 75:

  Your customer wants to change the Need-by-Date of an open Purchase Order. To make this change, a Change Order is initiated by the customer and the request is now being reviewed by the supplier. What will be the status of the Purchase Order and the Change Order in the system?

  A. Purchase Order: Pending Supplier Acknowledgement; Change Order: Pending Supplier Acknowledgement
  B. Purchase Order: Open; Change Order: Pending Supplier Acknowledgement
  C. Purchase Order: Pending Supplier Acknowledgement; Change Order: Open
  D. Purchase Order: Open; Change Order: Open
  E. Purchase Order: Open; Change Order: New
  A. Purchase Order: Pending Supplier Acknowledgement; Change Order: Pending Supplier Acknowledgement

• Question 76:

  A Procurement Contracts user wants to create a deliverable with output document as Purchase Order in Oracle Purchasing Cloud. The user would like to know the status of the PO creation and also details of the PO. Identify the location where the user can view this information.

  A. The user cannot view the PO information in Procurement contract. They must navigate to Purchasing.
  B. The user can view the purchase order in the Deliverable tab of that contract in Procurement Contracts.
  C. The user can view the purchase order in the "Purchasing Activity" tab under the Fulfillment tab of that contract in Procurement Contracts.
  D. The user can view the PO information under the Purchasing tab in contract line of that contract in Procurement Contracts.
  C. The user can view the purchase order in the "Purchasing Activity" tab under the Fulfillment tab of that contract in Procurement Contracts.

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  You must run the Track Purchasing Activity process to display information about the status of purchase orders or agreements created in Oracle Fusion Purchasing on the contract fulfillment's Purchasing Activity tab.

  References:

  https://docs.oracle.com/cloud/farel8/procurementcs_gs/FASCA/F1174615AN1AFD6.htm

• Question 77:

  You created a sourcing two-stage sealed RFQ and invited five suppliers to participate. The Technical stage is completed and the Commercial stage is unlocked. At this time in the award negotiation section, in the Award Line you are able to

  see only three supplier's responses as active responses. You are not able to see the other two suppliers' data in the active responses.

  Which two reasons are causing this? (Choose two.)

  A. Supplier responses are closed.
  B. Suppliers have entered the responses. Because the RQF is sealed, you are not able to view these two supplier's data.
  C. Suppliers were already awarded.
  D. Suppliers were not shortlisted in the Technical stage.
  E. You have entered these two suppliers' responses as surrogate responses by a buyer. In the Commercial stage, the buyer has not yet entered surrogate responses.
  D. Suppliers were not shortlisted in the Technical stage.
  E. You have entered these two suppliers' responses as surrogate responses by a buyer. In the Commercial stage, the buyer has not yet entered surrogate responses.

• Question 78:

  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 79:

  Identify three profile options that are available in the `Manage Purchasing Profile Options' setup and maintenance task.

  A. PO_AGRMT_LOADER_PURGE_DAYS
  B. POR_DISPLAY_CATEGORY_ITEM_COUNT
  C. PO_DEFAULT_PRC_BU
  D. POR_DISPLAY_EBMEDDED_ANALYTICS
  E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE
  A. PO_AGRMT_LOADER_PURGE_DAYS
  C. PO_DEFAULT_PRC_BU
  E. PO_DOC_BUILDER_DEFAULT_DOC_TYPE

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  Reference: http://oracleappscommunity.com/oracle/blog/1115/purchasing-profile-options/

• Question 80:

  When defining supplier content map sets, which three values should you select that may be converted to values in the procurement business unit? (Choose three.)

  A. Item
  B. Category
  C. Catalog
  D. Supplier
  E. Agreement
  F. UOM
  B. Category
  D. Supplier
  F. UOM