Oracle Inventory Management Cloud 1Z0-1073-22 Questions & Answers

• Question 61:

  Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one ?which is NOT, and picked up by the cost processor?

  A. Shipping, receiving, and inventory transactions from manufacturing

  B. Period close adjusting journal entries for payroll

  C. Resource transactions are interfaced directly from Manufacturing

  D. Invoices and revenue are interfaced from Fusion Receivables

  E. Payable invoices are interfaced from Fusion Payables

  Correct Answer: C

• Question 62:

  A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them. Which type of execution document can fulfill the supply request?

  A. Sales Order

  B. PurchaseRequisitions

  C. Purchase Order

  D. Transfer Order

  Correct Answer: D

• Question 63:

  Your company is an automobile spares manufacturing organization, which follows a discrete process. It has its own manufacturing and distribution centers located globally. It has these business units: US - USA business unit CAN - Canadian business unit UK - UK business unit MX - Mexican business unit IND - India business unit SPA - Spain business unit FRA - France business unit NL - Netherlands business unit GER - Germany business unit These are the inventory organizations that exist in each business unit: Inventory Org - business unit

  GM (Master Org) - US US1 (Child Org) - US US2 (Child Org) - US CA1 (Child Org) - CAN MX1 (Child Org) - MX IN1 (Child Org) - IND SP1 (Child Org) - SPA FR1 (Child Org) - FRA NL1 (Child Org) - NL DE1 (Child Org) - GER Which two statements are true? (Choose two.)

  A. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.

  B. You candefine an item in the IN1 inventory organization and assign it to the DE1 inventory organization.

  C. Item organizations are also supported to serve as inventory organizations.

  D. Operational Attributes can be controlled only at the Master Level.

  E. All inventory organizations do not need to be in the same business unit to assign items.

  F. Items cannot be assigned to inventory organizations across business units.

  Correct Answer: AE

• Question 64:

  Your client wants certain inventory items of high importance to be counted periodically to improve the average level of inventory accuracy.

  What type of counting would you recommend?

  A. Serialized Count

  B. ManualCount

  C. Cycle Count

  D. Zero Quantity Count

  E. Blind Count

  Correct Answer: C

• Question 65:

  As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.

  How do you achieve this?

  A. It is not possible to define an Inventory Organization that is associated with more than one business unit.

  B. Define the Inventory Organization without associating it with any location.

  C. Leave the Management Business Unit field blank in the Inventory Organization definition.

  D. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.

  Correct Answer: A

• Question 66:

  Your organization has lot controlled and non-lot controlled material and stores all defective material in a subinventory called "Defect." The organization does not want defective material to be available for reservations or for subsequent shipping to customers.

  Which option satisfies this requirement?

  A. Put a hold on the lot.

  B. Disallow all inventory transactions for the subinventory "Defect."

  C. Assign the subinventory a material status that disallows reservations and allows subinventory transfers and issuesto scrap.

  D. Tag the lot as defective product.

  Correct Answer: C

• Question 67:

  Which two statements are true in regard to using the EnterpriseStructures Configurator?

  A. The guided interview-based process helps you set up the enterprise with best practices.

  B. It recommends job and position structures.

  C. It creates the chart of accounts.

  D. It allows you to create your Enterprise, Business Units, and Warehouses in a single step.

  E. You cannot modify the recommendation from the tool. You must do it after you perform the initial configuration.

  Correct Answer: AD

• Question 68:

  Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.

  What is the process of returning the material?

  A. Return the material and create a debit memo for the supplier.

  B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

  C. You have to transfer the ownership of item and perform the return transaction.

  D. You have to cancel the invoice and send the material back without changing the ownership.

  Correct Answer: A

• Question 69:

  Which three statements about cost organization are correct? (Choose three.)

  A. Profit center business unit canhave one or more inventory organizations.

  B. Profit center business units can have only one cost organization.

  C. All inventory organizations of a cost organization need to within the same business unit.

  D. A cost organization can have one or more inventory organizations.

  Correct Answer: ACD

• Question 70:

  You have a high value item that you want to audit on an unscheduled basis to deter pilfering. Which two methods could you use to do this? (Choose two.)

  A. Based on Item Category

  B. Manual Cycle Count

  C. Blind Inventory Count

  D. ABC Count

  E. Automated Cycle Count

  Correct Answer: AB