Oracle 1Z0-1065-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1065-21 Online Questions & Answers

• Question 61:

  While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15. Identify two ways to achieve the desired defaulting. (Choose two.)

  A. Set Net 15 for the supplier site.
  B. Set Net 30 for the supplier site and leave the payment term blank in procurement options.
  C. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.
  D. Update Net 15 in procurement options and Net 30 for the supplier site.
  A. Set Net 15 for the supplier site.
  B. Set Net 30 for the supplier site and leave the payment term blank in procurement options.

• Question 62:

  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

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  Explanation/Reference:

  Price breaks are reductions in the price of an item depending on certain conditions such as purchasing in bulk or from acertain location. The Price Break region of the Lines page enables you to enter price break information for blanket

  purchase agreement lines. As a supplier, you can also terminate an existing contract to supply items by canceling document headers, lines,or schedules. Such cancellation request requires review and approval by the buying organization.

  References:

  https://docs.oracle.com/cd/E48434_01/doc.1118/e49610/F1007480AN1F638.htm

• Question 63:

  Your customer has three Business Units, of which two are requisitioning Business Units and one is a Procurement Business Unit. They want to define each document number based on document type and business unit combination in Oracle Procurement Cloud. Which Functional Setup Manager task can be used to accomplish these requirements?

  A. Configure Procurement Business Function
  B. Configure Requisitioning Business Function
  C. Manage Procurement Document Numbering
  D. Manage Common Options for Payables and Procurement
  C. Manage Procurement Document Numbering

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  Explanation/Reference:

  You can define procurement document numbering using the Manage Procurement Document Numbering page.

  Note:Organizations need the ability to define procurement document numbers based on document type. The sequence may differ by legal entity or business unit. Here are some considerations when defining a document numbering sequence.

  If a document number sequence is not defined in advance, the application creates it when the first transaction is created for that document type and legal entity or business unit combination. The application starts the document number with 1.

  References:

  https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRO/OAPRO1061042.htm#OAPRO14053

• Question 64:

  Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category. An employee submits the following requisition: LINE DESCRIPTION CATEGORY AMOUNT 1 Mac Laptop IT. Laptop 899.00 2 LCD Monitor IT. Monitor 250.00 3 IPhone6 Telephony. Cellphone 199.99\ Refer to the exhibit to select the final approving authority.

  

  A. Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager.
  B. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.
  C. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.
  D. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by the IT director.
  B. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.

• Question 65:

  During Cloud Procurement implementation, the customer provides you with their company logo. They want you to place the logo on the header of the PDF report that gets generated for purchase requisitions for all requisitioning business units. Where will you configure this setup?

  A. Use Manage Menu Customizations.
  B. Modify the purchase requisition report in the Business Intelligence Publisher tool for each of the business units.
  C. Set up the profile option "Company logo".
  D. Browse and select the logo in "Configure Requisitioning Business Function" for each of the requisitioning business units.
  B. Modify the purchase requisition report in the Business Intelligence Publisher tool for each of the business units.

• Question 66:

  What are the three different types of category hierarchies available within Oracle Procurement Cloud?

  A. Catalog Category Hierarchy
  B. Supplier Products and Services Hierarchy
  C. Purchasing Catalog Hierarchy
  D. Procurement Category Hierarchy
  E. Item Category Hierarchy
  A. Catalog Category Hierarchy
  B. Supplier Products and Services Hierarchy
  D. Procurement Category Hierarchy

• Question 67:

  Your customer requires that a consignment order should automatically get created whenever a self- service requester creates a purchase requisition. Identify the setup required to fulfill this requirement.

  A. Select the "Source from consignment" check box and set "Urgent" to "Yes" during requisition creation through self service.
  B. Assign all the requisition line to the consignment buyer.
  C. Enable all the requisition line items to be sourced from the consignment source.
  D. Create a consignment agreement with touchless buying options enabled in the Controls tab to automatically generate orders.
  A. Select the "Source from consignment" check box and set "Urgent" to "Yes" during requisition creation through self service.

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  Explanation/Reference:

  How can I create a purchase order for consignment inventory items? You begin by creating a purchase order with a document style for a consignment order. Choose your consignment supplier and add the consignment items for this order.

  Verify that the items were sourced by aconsignment agreement and that Consignment Line is checked on the line.

  Submit the order for approval.

  References:

  https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007479.htm

• Question 68:

  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

• Question 69:

  Identify the Procurement configuration task that has cross product integration with Supply Chain Management.

  A. Define Basic Catalog
  B. Define Supplier Configuration
  C. Manage Procurement Agents
  D. Define Corporate Procurement Cards
  E. Define Negotiation Style
  D. Define Corporate Procurement Cards

• Question 70:

  Which three business users can submit a new supplier request? (Choose three.)

  A. Category Manager
  B. Supplier Administrator
  C. Catalog Administrator
  D. Warehouse Manager
  E. Self-Service Procurement user
  B. Supplier Administrator
  C. Catalog Administrator
  E. Self-Service Procurement user