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

• Question 61:

  In the Enterprise Structures setup, which functional area includes tasks to implement Business Units and Inventory Organizations?

  A. Legal Structures

  B. Enterprise Profile

  C. Organization Structures

  D. Procurement Foundation

  Correct Answer: A

• Question 62:

  During an implementation, the super user is requesting you to explain how to set up "risks" to be used in the Procurement Contracts by all users. You are in the middle of the year and currently there are few "risks" that are already defined and

  the organization is planning to introduce new "risks" from New Year's Day.

  Identify the two steps the user should follow to fulfill this requirement.

  A. Wait until year end, inactivate the old risks data on year end, and create and activate new risks from the same day.

  B. Provide an end date as year end for the old risk data,create new risks now, and provide New year's Day as start date.

  C. Create new risks now, enable those at year end, and disable the old data on year end.

  D. The user needs to delete old risks and create new risks around the year end.

  Correct Answer: AB

• Question 63:

  A customer's procurement manager has the authority to approve office supply Purchase Orders up to $6,600.00. For all other types of Purchase Orders, there is no approval hierarchy. The customer is located in Kandy and the purchasing

  category for office supplies is Office Supplies. The COA (Chart of Accounts) format is: Company.Business Unit.Cost Center.Account. The future and segment values are 01 for the company, 220 for the Business Unit, 339 for the cost center,

  67887 for the account, and the future is always 000000.

  Identify the approval group setup that would enable this purchasing practice.

  A. Set the Document Total object to include an amount limit of $5,000.00.

  B. Document Total: Amount Limit= $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To: Office.SuppliesRequisition Document Type setup = `Owner can Approve'

  C. Document Total: Amount Limit = $6,600.00Location: Amount Limit = $6,600 and Location = KandyCategory Range: Amount Limit = $10,000Category Range: From: X.Supplies To: Office.Supplies

  D. Document Total: Amount Limit = $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To: Office.Supplies

  E. Document Total: Amount Limit = $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.00000.000000 To: 01.220.339.99999.000000Location: Amount Limit = $5,000 and Location = Kandy

  Correct Answer: B

• Question 64:

  Which three tasks are included in the Supplier functional area task list?

  A. Manage Item Organizations

  B. Manage Tax Organization Type Lookup

  C. Manage Procurement Agents

  D. Specify Supplier Numbering

  E. Manage Supplier Value Sets

  Correct Answer: CDE

• Question 65:

  In relation to a Business Unit, which two statements are true?

  A. It is used to post transactions to multiple primary ledgers.

  B. It is used to partition subledgers.

  C. It can only process transactions on behalf of one legal entity.

  D. It can be consolidated into a managerial and legal hierarchy.

  E. It must only have a single function.

  Correct Answer: DE

• Question 66:

  What are the three different types of category hierarchies available within Oracle Procurement Cloud?

  A. Catalog Category Hierarchy

  B. Supplier Products and Services Hierarchy

  C. Purchasing Catalog Hierarchy

  D. Procurement Category Hierarchy

  E. Item Category Hierarchy

  Correct Answer: ABD

• Question 67:

  Receiving parameters are defined for each _______________?

  A. Business Unit

  B. Inventory Organization

  C. Enterprise Group

  D. Legal Entity

  Correct Answer: B

• Question 68:

  For external supplier self-service registration, you can define web pages and specify the URL for each page, for prospective and spend authorized suppliers. In Setup and Maintenance which task should be used for this purpose?

  A. Manage Server Configurations

  B. Configure Procurement Business Function

  C. Configure Requisitioning Business Function

  D. Configure Supplier Registration and Profile Change Requests

  Correct Answer: B

• Question 69:

  Which areas are part of the streamlined procure-to-pay process in Oracle Procurement Cloud?

  A. Pay, Supplier, Requisition

  B. Pay, Catalog, Purchase

  C. Pay, Supplier, Purchase

  D. Pay, Requisition, Purchase

  E. Pay, Catalog, Requisition

  Correct Answer: D

• Question 70:

  For Payables and Procurement, what three common controls and default values need to be set for each business unit?

  A. Collaboration Messaging

  B. Automatic Offsets

  C. Buyer Assignment

  D. Currency Conversion

  E. Expense Accruals

  Correct Answer: BDE

  Default distributions Automatic offsets Currency conversion Expense accruals Self-billed invoices Legal entity information