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

Oracle 1Z0-1065-21 Online Questions & Answers

• Question 71:

  For audit compliance, you require supplier bank account changes made by your supplier administrator to be approved.

  Which step achieves this? (Choose the best answer.)

  A. Set up Approve Internal Changes on Supplier Bank Accounts
  B. Manage Supplier Profile Change Approvals
  C. Set up Supplier-Initiated Profile Change Request
  D. Manage Changes on Supplier Bank Accounts
  E. Configure Supplier Registration and Profile Change Request
  B. Manage Supplier Profile Change Approvals

• Question 72:

  In the Enterprise Structures setup, which functional area includes tasks to implement Business Units and Inventory Organizations?

  A. Legal Structures
  B. Enterprise Profile
  C. Organization Structures
  D. Procurement Foundation
  A. Legal Structures

• Question 73:

  What is the difference between Prospective and Spend authorized suppliers?

  A. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers.
  B. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally.
  C. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.
  D. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities.
  C. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.

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  Explanation/Reference:

  Prospective suppliers have a restricted level of access. They can participate in supplier qualification initiatives, and they can view and respond to negotiations. Prospective suppliers are identified within the application by an icon that indicates their prospective status. If the category manager decides to award business to a prospective supplier who responded to a negotiation, that supplier will need to be authorized in the application to conduct spend transactions with the buying organization before a purchase document can be created for that supplier. Spend authorization requires a more complete level of information about the supplier and is subject to approval by the supplier manager. Once the supplier is approved for spend operations, they have access to all the normal capabilities of the application. References:

  Oracle Procurement Cloud Using Procurement (Release 9), page 239

• Question 74:

  Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Cloud Procurement.

  A. Item
  B. Price
  C. Payment Terms
  D. Location
  E. Tax Classification
  A. Item
  C. Payment Terms
  D. Location

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  Explanation/Reference:

  Reference: http://docs.oracle.com/cd/E37017_01/doc.1115/e22899/F394167AN14146.htm

• Question 75:

  In Self Service Procurement, a user is not able to search for one of the inventory items. Identify three configuration issues that could be causing this problem.

  A. The particular item is defined as "BOM Enabled" in PIM.
  B. The particular item has not been marked as a "Purchased" item with the Purchasing operational attribute group.
  C. The particular item is not part of any Procurement catalog.
  D. The particular item does not belong to any Purchasing Category.
  E. The particular item is not defined as a"Transactable" item in PIM.
  A. The particular item is defined as "BOM Enabled" in PIM.
  B. The particular item has not been marked as a "Purchased" item with the Purchasing operational attribute group.
  C. The particular item is not part of any Procurement catalog.

• Question 76:

  You are setting up Oracle Cloud Sourcing. You would like participants to provide Insurance and Freight cost for the quotation/RFQ (Request For Quotation) lines. Identify the configuration that will fulfill this requirement.

  A. Add Cost Factors for Freight and Insurance
  B. Personalize the negotiation UI (User Interface) to add the Freight and Insurance attributes.
  C. Add negotiation lines separately to capture Freight and Insurance.
  D. Define a negotiation style and enable DFF (Descriptive FlexField) for Freight and Insurance
  A. Add Cost Factors for Freight and Insurance

• Question 77:

  On completion of a Negotiation Award using a negotiation template, you are trying to create a purchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an

  option to create a Contract Purchase Agreement (CPA).

  Identify the reason for this.

  A. The negotiation outcome is defined as `Contract Purchase Agreement' in the negotiation template.
  B. The negotiation outcome is defined as `Blanket Purchase Agreement' in the negotiation template.
  C. The Business Function for the associated Business Unit is `Requisition Only' and did not allow Purchase Agreement Generation.
  D. The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.
  A. The negotiation outcome is defined as `Contract Purchase Agreement' in the negotiation template.

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  Explanation/Reference:

  Oracle Fusion Purchasingprovides the following purchase order types: purchase order, blanket purchase agreement, and contract purchase agreement. References:

  Oracle Procurement Cloud Using Procurement (Release 9), page 131 Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13411/T354132T354136.htm#T477645 (see Specifying default price break types)

• Question 78:

  A buyer is creating a purchase requisition using `Catalog Superstore', and intends to compare items before adding them to the shopping list. Identify the maximum number of items that are allowed by the application for side-by-side item comparison.

  A. 4
  B. 8
  C. 5
  D. 6
  E. 7
  C. 5

• Question 79:

  In supplier qualification management, you have set up overall supplier response ranking, including Display overall rank to suppliers.

  However for some suppliers, you are not seeing any overall rank being displayed.

  What is the reason? (Choose the best answer.)

  A. Overall rank is not calculated when there are no internal cost factors.
  B. Overall rank is not calculated for suppliers with expired supplier qualification assessments.
  C. Overall rank is only calculated for those suppliers on the approved supplier list.
  D. Overall rank is not calculated for responses with partial lines or quantities.
  E. Overall rank is only calculated for spend authorized supplier responses.
  D. Overall rank is not calculated for responses with partial lines or quantities.

• Question 80:

  Acme Corporation has provided the following requirement in Fusion Procurement:

  If the category on the requisition line is IT service (Category ID ?11423), approvals from "IT Service Category Approval Group" are required.

  Identify the rule setup in Business Process Model (BPM) tasks to meet this requirement.

  A. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Resource Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
  B. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
  C. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = FYI Approval Group = "IT service Category Approval Group" Allow empty group = True
  D. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Supervisory Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False
  B. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False

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  Explanation/Reference:

  Reference: http://onlyoraclefusion.blogspot.com.tr/2014/05/setting-up-document-approval-oracle.html