Oracle 1Z0-1065-24 Practice Test : Free Online Preparation

Question 1
- Identify the complete sequence for the Procure-to-Pay flow.
  A : Create Requisition > Create Job Order > Build Inventory > Transfer Inventory > Pay Supplier > Return Goods to Supplier.
  
  B : Create Requisition > Create Purchase Order > Fulfill Purchase Order > Enter Invoice > Match Invoice > Pay Supplier.
  
  C : Create Requisition > Request for Quote > Analyze Quote > Award Supplier.
  
  D : Enter Invoice > Match Invoice > Pay Supplier > Return Goods to Supplier.
  
  Answer: C
Question 2
- You are using the Responsive Self Service Procurement application and you want to review the list of current approvers of a requisition pending approval, but these are not displayed. Which two could be reasons for the approvals not being displayed?
  
  A : The requisition is currently under edit by an approver.
  
  B : The approvals task flow has been initiated.
  
  C : There are errors in retrieving approval details, or there could be any other infrastructure issues.
  
  D : Only the approvers can view the list of approvers.
  
  Answer: B,C
Question 3
- After gathering requirements from the business leads of customer organization, you have set up the Bill-to location at multiple places during Oracle Procurement Cloud implementation. Identify the source from which the purchase order defaults the Bill-to location.
  A : from the Business Unit setup
  
  B : from the 'Common Payables and Procurement options' first and if it is 'Null' then from 'Supplier site assignment'
  
  C : from the 'Configure Procurement business function'
  
  D : from the 'Configure Requisitioning business function'
  
  E :
  from the 'Supplier site assignment' first and if it is 'Null' then from 'Common Payables and Procurement options'
  Bill to location is defaulted from
  1. Supplier Site Assignment
  record of the supplier site
  in the Sold-to BU
  2. Common Payables
  and Procurement
  Configuration setting for
  the Sold-to BU
  
  Answer: A
Question 4
- Your customer wants to configure six BUs: five Requisitioning Bus and one BU configured as a shared Procurement BU with only the Procurement function enabled.
  How will you define the relationship between the Requisitioning BUs and the Procurement BU?
  
  A : The Procurement BU must be assigned with the Requisitioning business function in order for it to be a shared services center.
  
  B : The Procurement BU needs to be configured as a service provider to the Requisitioning BUs.
  
  C : The Payables business function must be assigned in addition to the Procurement business function.
  
  D :
  Intercompany transactions need to be defined between the Requisitioning BUs and the Procurement BU.
  Without the site assignment model each client BU would be forced to establish its own relationship with the supplier. The service provider relationship between the client BU and procurement BU is defined in the business unit setup.
  References: Oracle Procurement Cloud Using Procurement (Release 9), page 30
  
  Answer: B
Question 5
- During Oracle Procurement Cloud implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when 'notes to receiver' is entered or updated as part of a Change Order. Identify the setup that needs to be performed in order to capture change history when a user updates 'notes to receiver' as part of the Change Order.
  A : Update the attribute 'notes to receiver' in Configure Requisitioning Business Function' for the requisitioning Business Unit.
  
  B : Update the attribute 'notes to receiver' in Common Payables and Procurement Options' for the procurement Business Unit.
  
  C : Update the attribute 'notes to receiver' in the Change Order template for the Purchase Order.
  
  D : Update the attribute 'notes to receiver' in supplier site assignment for the supplier site.
  
  Answer: C

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