Oracle Oracle Certifications 1Z0-1065-22 Questions & Answers

• Question 111:

  During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line type for negotiating terms for future purchase of services and do not have a defined scope of

  work.

  Identify the source that the customer needs to select while creating the line type to meet this requirement.

  A. Free form, buy

  B. Item, buy

  C. Free form, buy agreement

  D. Item, buy agreement

  Correct Answer: B

  Item, buy: Enables entry of inventory items. You can create purchase orders in the purchasing application from lines of this type.

• Question 112:

  Your customer is a global company and has multiple legal entities across countries:

  Vision China (Legal Entity) 1) has a China Distribution Business Unit (BU). Vision US (Legal Entity) 2) has a US Distribution BU.

  They have the following requirements:

  1.

  To make purchases from or sell to the other legal entities using intercompany transaction

  2.

  To automatically determine the sold-to legal entity on a Purchase Order (PO) by using Supply Chain Financial Orchestration (SFO)

  Identify three applicable setups in Oracle Procurement Cloud to fulfill these requirements.

  A. Set up the Default Legal Entity on the Configure Requisitioning Business Process page.

  B. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.

  C. Set up the "Multiple Legal Entities on Order" value to "Allow" on the Configure Requisitioning Business Process page.

  D. Create Profit Center BU to Party Relationships.

  E. Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.

  Correct Answer: BDE

  How the Sold-To Legal Entity Is Determined

  The following steps are performed in and by the application to determine the sold-to legal entity on a purchase order.

  Here is a simplified example of how that might work:

  References:

  https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_F72B15B6E4B74B74E043B69BF40A0BA0

• Question 113:

  Identify two tasks that can be performed in the Functional Setup Manager by a customer when configuring setup data. (Choose two.)

  A. setting up and maintaining data by means of the Manage Admin menu

  B. importing and exporting data between instances

  C. configuring Oracle CloudApplications to match business needs

  D. collecting data to populate the order orchestration and planning data repository

  Correct Answer: BC

  Configure Oracle Fusion applications to match your business needs. Export and import data from one instance toanother for rapid setup.

• Question 114:

  Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types. (Choose two.)

  A. payment method, which supports multiple-installment payment goods or services

  B. condition-dependent reductions in price

  C. change orders affecting pricing of specific lines

  D. price increase request from a supplier through the supplier portal

  E. means to provide price discounts

  Correct Answer: BD

  Price breaks are reductions in the price of an item depending on certain conditions such as purchasing in bulk or from acertain location. The Price Break region of the Lines page enables you to enter price break information for blanket

  purchase agreement lines. As a supplier, you can also terminate an existing contract to supply items by canceling document headers, lines,or schedules. Such cancellation request requires review and approval by the buying organization.

  References:

  https://docs.oracle.com/cd/E48434_01/doc.1118/e49610/F1007480AN1F638.htm

• Question 115:

  During Cloud procurement implementation, your customer has a requirement to ensure that all purchasing documents must go through budgetary control and the purchasing transaction must be stopped from processing if the funds are unavailable. Identify the configuration required to achieve this requirement.

  A. Select the "enforce budget" check box under the Configure Procurement Business Function

  B. The budget must be set up with control level as Advisory.

  C. The budget must be set up with control level as Track.

  D. The budget must be set up with control level as Absolute.

  Correct Answer: D

  The budget track level Absolute stops transactions when there are insufficient funds.

• Question 116:

  An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service. How do you model this requirement using external supplier registration and supplier qualification management?

  A. External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized

  B. External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation

  C. External Supplier registration-Spend Authorized > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized

  D. External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative

  Correct Answer: A

  You can choose to register the new supplier as a prospective supplier or a spend authorized. If you register the company as a prospective supplier, the supplier can participate as soon as its registration is approved. A prospective supplier can receive invitations, view a negotiation and respond. You can award the supplier business, but you cannot issue a purchase document for the supplier until it is approved for conducting financial transactions with your buying organization.

• Question 117:

  A buyer is creating a purchase requisition using `Catalog Superstore', and intends to compare items before adding them to the shopping list. Identify the maximum number of items that are allowed by the application for side-by-side item comparison.

  A. 4

  B. 8

  C. 5

  D. 6

  E. 7

  Correct Answer: C

• Question 118:

  Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:

  For qualification manager (Vendor development team-VD) Independent evaluation (Procurement Department-PD)

  Involvement of internal subject matter experts (SME)

  Identify the correct setup to meet this requirement.

  A. initiatives created and owned by VD, internal response and evaluation by SME

  B. initiatives created and owned by VD, internal response by SME, and evaluation by PD

  C. initiatives created and owned by VD, internal response by PD, and evaluation by SME

  D. initiatives created and owned by VD, internal response by VD, and evaluation by SME

  Correct Answer: B

• Question 119:

  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

  Correct Answer: C

  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 120:

  During a Procurement Contract implementation, a customer would like to set up approvals for procurement contract documents. The customer has four departments and any contract needs to be approved by all the four department users. Identify the configuration to fulfill this requirement.

  A. Set up one approval group and include the four department users with voting regime as first responder wins.

  B. Set up one approval group and include the four department users with voting regime as consensus.

  C. Set up employee supervisor hierarchy for all four department users and add them to an approval group.

  D. Set up user group for the four departments and set up individual rules for the four department users.

  Correct Answer: B

  Preapproval Header Consensus

  Approvals are routed in parallel for this participant. This participant is more commonly used in conjunction with approval groups. This participant requires approval from all approvers.

  References:

  https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRO/OAPRO1061036.htm#OAPRO10610