Oracle 1Z0-221 Online Practice Questions and Exam Preparation

Oracle 1Z0-221 Online Questions & Answers

• Question 121:

  The following table shows the values for quantity variance and adjustment value tolerances for an item in a cycle count:

  Item Attributes Value

  Item Standard Cost - $10.00

  Positive Quantity Variance - Tolerance 5%

  Negative Quantity Variance - Tolerance 10%

  Positive Adjustment Value - Tolerance $200

  Negative Adjustment Value - Tolerance $250

  Given that the system count is 100, which value would be considered a Positive Quantity Variance that requires approval, and also considered a Positive Adjustment Value?

  A. The count quantity equals 122.
  B. The count quantity equals 106.
  C. The count quantity equals 88.
  D. The count quantity equals 73.
  A. The count quantity equals 122.

• Question 122:

  You are defining the staging subinventory for your sales order pick release rule. Which flag should be set on the subinventory setup for pick release to work?

  A. The subinventory should have the Nettable flag selected.
  B. The subinventory should have the Depreciable flag selected.
  C. The subinventory should have the Reservable flag selected.
  D. The subinventory should have the Pre-Processing Lead Time field populated.
  C. The subinventory should have the Reservable flag selected.

• Question 123:

  You are creating an interorganization transfer. The standard shipping lead time defined for the transfer is 14 days. You want to move the inventory from the source and put it in Intransit. You made a mistake and did not choose the option to have Intransit Inventory. When you initiate the process for interorganization transfer, what is the most likely result of the transaction?

  A. You will get an error for the transaction, because it violates referential integrity.
  B. The inventory will not be moved from the source organization, because there is a lead time of 14 days defined.
  C. The inventory will be moved from the source organization, but it will be moved directly to the destination organization.
  D. The inventory will be moved from the source organization, but it will be moved to intransit inventory, because there is a lead time of 14 days defined.
  C. The inventory will be moved from the source organization, but it will be moved directly to the destination organization.

• Question 124:

  Your cycle count has the following setup:

  Cycle count variance approval tolerances defined; Approval Required option set to "If out of tolerance"; Automatic Recounts selected with a maximum of three. If the first cycle count actual quantity entered for your item exceeds the approval

  tolerance specified, Oracle Inventory ____.

  A. holds the cycle count adjustment for approval and posts it after approval
  B. holds the cycle count adjustment for a recount and does not post the adjustment
  C. automatically approves and posts the cycle count adjustment
  D. holds the cycle count adjustment for approval and does not post the adjustment
  B. holds the cycle count adjustment for a recount and does not post the adjustment

• Question 125:

  For which three functional areas can status attribute controls be controlled ? (Choose three)

  A. Receiving
  B. Invoicing
  C. Bills of Material
  D. Services
  E. Inventory
  F. MPS/MRP Planning
  B. Invoicing
  C. Bills of Material
  E. Inventory

• Question 126:

  For which type of Move order is approval required?

  A. Requisition Move Order
  B. Shipping Move Order
  C. Replenishment Move Order
  A. Requisition Move Order

• Question 127:

  You specified cycle count measurement error values when you defined your item at the master item or organization item level. You also specified a cycle count quantity variance approval tolerance at the cycle count item level. If the actual cycle count quantity for your item differs from the system on-hand quantity by less than the specified measurement error, Oracle Inventory _____.(Select one answer)

  A. does not consider cycle count approval tolerance but makes a cycle count adjustment
  B. applies the measurement error to the cycle count approval tolerance before the approval decision and makes a cycle count adjustment when approved
  C. does not consider cycle count approval tolerance and does not make a cycle count adjustment
  D. applies the measurement error to the cycle count approval tolerance before the approval decision and does not make a cycle count adjustment when approved
  B. applies the measurement error to the cycle count approval tolerance before the approval decision and makes a cycle count adjustment when approved

• Question 128:

  Oracle Inventory interacts with other Oracle applications by sharing information. Choose two pieces of information that Oracle Payables, Receivables and Assets applications receive from the Inventory module. (Choose two.)

  A. item information
  B. on-hand information
  C. UOM information
  D. transaction accounting detail information
  E. ATP supply information
  A. item information
  C. UOM information

• Question 129:

  To which elements should each inventory organization be linked to complete the accounting information setup?

  A. a set of books and an operating unit only
  B. a set of books and a legal entity only
  C. a set of books, an operating unit and a legal entity
  D. an operating unit and a legal entity only
  E. only a legal entity
  F. only an operating unit
  G. only a set of books
  C. a set of books, an operating unit and a legal entity

• Question 130:

  What are the Inventory Move Order types that are supported?

  A. Subinventory transfer, interorganization transfer, requisition
  B. Subinventory transfer, interorganization transfer, expected receipt
  C. Subinventory transfer, interorganization transfer, pick release
  D. Subinventory transfer, interorganization transfer, RMA
  E. Requisition, inventory replenishment, pick release
  E. Requisition, inventory replenishment, pick release