Oracle 1Z0-1065-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1065-23 Online Questions & Answers

• Question 21:

  Your customer organization is headquartered in Toronto, and has three manufacturing facilities in Mexico, Taiwan and Austria. The raw material requirements for these three manufacturing units are consolidates and procured from Mexico through the Mexico procurement division. Identify an appropriate way to model this scenario in Oracle Procurement Cloud.

  A. Requisitioning BU: Toronto and Procurement BU: Mexico
  B. Requisitioning BU: Toronto and Procurement BU: Toronto
  C. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Mexico
  D. Requisitioning BU: Toronto, Taiwan, Austria and Procurement BU: Mexico
  E. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Toronto
  C. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Mexico

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  Explanation/Reference:

• Question 22:

  SIMULATION

  Challenge 3

  Manage Purchasing Line Types

  Scenario:

  Your business unit requires a new line type for purchasing transactions.

  Task3:

  Create a new Purchasing Line Type, where:

  Name of the line type is PRCXX Computer Goods (Replace xx with 01, which is your allocated User ID.)

  Code is PRCXXCOMP

  Purchase basis is quantity-based for the Goods product type

  Line type is linked to the Computer Supplies category

  Unit is Ea

  

  A. Answer: See below in for each Step.
  A. Answer: See below in for each Step.

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  Explanation/Reference:

  To create a new Purchasing Line Type, you can follow these steps:

  Navigate to the Setup and Maintenance work area and search for the Manage Purchasing Line Types task.

  Click on the Go to Task icon to open the Manage Purchasing Line Types page. Click on the Create icon to create a new line type. Enter the following information in the Create Line Type dialog box:

  Click on the Save and Close button to save the line type. You have successfully created a new Purchasing Line Type. You can verify the line type details by searching for it in the Manage Purchasing Line Types page. For more information on

  how to define and use line types, you can refer to the Defining Line Types (Oracle Purchasing Help) document.

  Or use the following:

  Following the scenario, we need to create a new Purchasing Line Type in Oracle Procurement Cloud named "PRCXX Computer Goods" (replace xx with 01) for purchasing computer supplies.

  Here are the steps to create the Purchasing Line Type:

  Navigate to Manage Purchasing Line Types:

  Create the Purchasing Line Type:

  Enter the Purchasing Line Type Information:

  Map Accounts:

  Save the Purchasing Line Type:

  Verification:

  The Purchasing Line Type "PRCXX Computer Goods" (replace xx with 01) should now be listed in the Manage Purchasing Line Types page. You can verify the details of the line type by clicking on it. The purchase basis, product type,

  category, unit, and mapped accounts should be displayed as specified above.

  Additional Notes:

  Make sure to replace "xx" with your allocated User ID (01) in both the Purchasing Line Type name and code for consistent naming convention. Mapped accounts define where the financial transactions associated with this line type will be

  posted in the General Ledger.

  Carefully review the mapped accounts to ensure they are aligned with your organization's accounting practices.

• Question 23:

  When you are creating your purchase orders, you want to be able to apply discounts to all purchase order lines with a single action and have opted in to the feature.

  Which are the two conditions when the base price CANNOT be changed?

  A. The purchase order tine is created from a punchout marketplace that does not allow the price to be changed.
  B. The purchase order line is for catalog items.
  C. The purchase order line is received or billed, and the procurement business unit configuration does not allow manual price updates.
  D. The purchase order line is included on a Procurement Contract.
  A. The purchase order tine is created from a punchout marketplace that does not allow the price to be changed.
  D. The purchase order line is included on a Procurement Contract.

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  Explanation/Reference:

  The base price of a purchase order line cannot be changed if the line is created from a punchout marketplace that does not allow the price to be changed, or if the line is included on a procurement contract. These are the two

  conditions that prevent the application of discounts to all purchase order lines with a single action.

  References:

  Oracle Fusion Applications Procurement Implementation Guide, section "Purchase Order Pricing", subsection "Price Change Conditions". PRC:PO: Purchase Order Price Is Not Updated After A Change Order ..., section "Cause", subsection

  "Solution".

• Question 24:

  When creating a negotiation, the category manager wants to send it to all supplier contacts for a supplier.

  Which is the most efficient way to achieve this?

  A. Create the negotiation by using a negotiation style with the appropriate supplier control selected.
  B. Create a negotiation and send it to the supplier bidder contact for forward distribution.
  C. Create a negotiation and add each supplier contact to it.
  D. Create a negotiation by using a negotiation template with each supplier contact added.
  A. Create the negotiation by using a negotiation style with the appropriate supplier control selected.

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  Explanation/Reference:

  The most efficient way to send a negotiation to all supplier contacts for a supplier is to use a negotiation style that has the supplier control option of "All supplier contacts" enabled. This option allows you to automatically include all

  the contacts associated with a supplier when you add the supplier to the negotiation. You do not need to manually add each contact or rely on the supplier bidder contact to forward the negotiation. You can also create a negotiation template

  with this option enabled and use it to create a negotiation.

  References:

  Examples of Negotiation Controls, Section 1: "Examples of Negotiation Controls", Subsection: "Supplier Controls"

  Create Supplier Negotiations from Template, Section 1: "Create Supplier Negotiations from Template"

• Question 25:

  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 26:

  In negotiations you need to add a colleague to a scoring team, but they are not available. Which two are valid issues that are causing this? (Choose two.)

  A. The person has already been added to the collaboration team.
  B. The person has not been added to the collaboration team.
  C. The person has already been added to a scoring team.
  D. The person has already been added to a requirement section in a scoring team.
  E. The person has been added to have view access.
  B. The person has not been added to the collaboration team.
  E. The person has been added to have view access.

• Question 27:

  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 28:

  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 29:

  You have the following business requirements while configuring applications with related roles:

  When creating an implementation project, you want to see the list of Offerings and Functional Areas that are configured for the project.

  You want to identify which stage are all Offerings and Functional Areas in. Identify two setups that fulfill these requirements. (Choose two.)

  A. You should select the "Enable for Implementation" check box to specify the Options.
  B. After implementation tasks, you should set the status to "In Progress" or "Implemented".
  C. You should have an IT Security role in order to fulfill these requirements.
  D. Although the Offering configuration can be changed any time, the changes will influence any of the existing implementation task lists.
  E. You should change the Provisioned to "No" to specify the Offering that you want to choose while create an implementation project.
  A. You should select the "Enable for Implementation" check box to specify the Options.
  B. After implementation tasks, you should set the status to "In Progress" or "Implemented".

• Question 30:

  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".

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  Explanation/Reference:

  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