Oracle 1Z0-343 Online Practice Questions and Exam Preparation

Oracle 1Z0-343 Online Questions & Answers

• Question 1:

  A client transfers inventory between warehouses within the same company. Both warehouses carry the inventory at the same cost. In the journal entries for the transfer, the client finds that the batch amount is blank.

  Identify the correct reason why this happened.

  A. The client should reverse the transfer transaction, create an issue to remove quantity from the old location, and then create an adjustment to add quantity to the new location.
  B. The AAIs are set up incorrectly. Correct the AAIs so that the journal entry amount will appear.
  C. No correction is necessary. A batch with a blank amount is correct.
  D. The cost is incorrect for one of the warehouses. The client should reverse the transfer, verify the cost, and re-enter the transaction.
  E. The client should carry the inventory cost at different amounts for each warehouse. This approach ensures that a variance journal entry is created.
  C. No correction is necessary. A batch with a blank amount is correct.

• Question 2:

  For a defined group of items, the unit cost on a purchase order cannot deviate from the standard cost by more than 2%.

  Where should this be defined?

  A. Set the tolerance processing option in the Receipts program to 2%.
  B. Set the tolerance for the company to 2% in Tolerance Rule Setup.
  C. Set the tolerance for the item group to 2% for Unit Cost in Tolerance Rule Setup.
  D. In the Item Branch/Plant, set the tolerance to 2%.
  E. Set up an order hold code for 2% tolerance.
  C. Set the tolerance for the item group to 2% for Unit Cost in Tolerance Rule Setup.

• Question 3:

  Which two statements are true for Procurement Management User Defined Codes (UDCs)? (Choose two.)

  A. Schedule Name, Landed Cost Components, Order Templates, Item Price Groups, and Commodity Class Codes are required UDCs for Procurement Management
  B. UDC 41/9 identifies the G/L offset that the system uses when it searches for the account to which it posts procurement transactions.
  C. Procurement System Hold Codes (42/HC) is hard coded and has special handling code logic.
  D. To enable the routing of receipts, only receipts routing UDC is required; operations routing UDC is optional
  B. UDC 41/9 identifies the G/L offset that the system uses when it searches for the account to which it posts procurement transactions.
  D. To enable the routing of receipts, only receipts routing UDC is required; operations routing UDC is optional

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  Reference: https://docs.oracle.com/cd/E16582_01/doc.91/e15131/set_up_proc_system.htm#EOAPR00548

• Question 4:

  Which three functions are available to grid users? (Choose three.)

  A. Customization of individual data items by color is available.
  B. Preload a list or range of values into the data item fields.
  C. Always use the Personalized Grid Button to create a grid format override.
  D. When exporting data from a grid, all data fields are exported regardless of security.
  A. Customization of individual data items by color is available.
  B. Preload a list or range of values into the data item fields.
  C. Always use the Personalized Grid Button to create a grid format override.

• Question 5:

  Your client uses an Order Policy Code of 0 (Reorder Point) to calculate suggested order quantities in the Purchase Order generator (P43011). Which statement is true about Order Policy Code 0?

  A. Suggested Order Quantity = Reorder Point - (Quantity Available + On Order)
  B. Suggested Order Quantity = Economic Order Quantity + Multiple Order Quantity ?Quantity Available
  C. Suggested Order Quantity = Amount in Value Order Policy field on Manufacturing Data
  D. Suggested Order Quantity = Reorder Point + Safety Stock -(Quantity Available - On Order)
  E. Suggested Order Quantity = Economic Order Quantity + Reorder Point - (Quantity Available + On Order)
  D. Suggested Order Quantity = Reorder Point + Safety Stock -(Quantity Available - On Order)

• Question 6:

  Your client wants to set up a process for customers who were accidentally sent the wrong item.

  What is the correct way to do this?

  A. Create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.
  B. Set up the Returned Material Authorization process to create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and purchase order for the incorrectly shipped item.
  C. Create a no-charge sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and perform an Inventory Adjustment when the incorrectly shipped items arrive.
  D. Create a sales order for the replacement item and make journal entries to write off the incorrectly shipped.
  A. Create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.

• Question 7:

  You have hired a new department supervisor who has been added as an approver on several approval routes. As the orders move through the route, the supervisor is not receiving any messages regarding orders that need approval.

  How should this be corrected?

  A. Check the Approval Route code in the Item Master program
  B. Add the employee's address number into the User Profiles program
  C. Enter the employee's address number in the processing option for the Orders Awaiting Approval program
  D. Set the Employee flag in the approver's Address Book record
  E. Set the messages flag in the Default Location and Printer program
  C. Enter the employee's address number in the processing option for the Orders Awaiting Approval program

• Question 8:

  What is the effect on the Item Ledger when Sales Update is run, if that inventory is relieved during Ship Confirm and the G/L date is added to the record?

  A. The document created in the Item Ledger during Ship Confirm has no document type assigned. When Sales Update is run, this document is overridden by the invoice number and invoice document type.
  B. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger.
  C. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger, and the item's cost in the inventory document is updated to the latest cost.
  D. The invoice number and invoice document type override the document type created in the Item Ledger during Ship Confirm. Then the item's cost is updated to the latest cost.
  E. The invoice number and invoice document type that are associated with the sales order override the document type and the document number that were created in the Item Ledger during Ship Confirm.
  A. The document created in the Item Ledger during Ship Confirm has no document type assigned. When Sales Update is run, this document is overridden by the invoice number and invoice document type.

• Question 9:

  Which two statements are true about checking data in the Data Browser? (Choose two.)

  A. Filtering by both transaction type and transaction date is an option.
  B. Data items cannot be sequenced according to transaction date.
  C. Inquiries can be made by transaction as well as by data item.
  D. Inquiring about stock adjustments for more than one data item at a time is not allowed.
  E. The Data Browser is restricted to nonfinancial applications.
  A. Filtering by both transaction type and transaction date is an option.
  C. Inquiries can be made by transaction as well as by data item.

• Question 10:

  Which option lists steps that must be set up in order to create functional vehicles in Transportation?

  A. Vehicle Master and Compartments
  B. Vehicle Master and Vehicle Types
  C. Carrier Master and Load Types
  D. Carrier Master and Vehicle Registration Number
  E. Options and Equipment and Vehicle Registration Number
  B. Vehicle Master and Vehicle Types

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  Reference: https://docs.oracle.com/cd/E16582_01/doc.91/e15152/set_up_vehicles.htm#EOATM00087