[Nov 06, 2022] Pass Oracle 1z0-1065-22 Exam Info and Free Practice Test
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Oracle 1z0-1065-22 Exam Syllabus Topics:
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NEW QUESTION 68
Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Cloud Procurement.
- A. Tax Classification
- B. Location
- C. Item
- D. Price
- E. Payment Terms
Answer: B,C,E
NEW QUESTION 69
Which method should you choose to manage setup data if you have a need to configure and modify the default setup best practices? (Choose the best answer.)
- A. Manage Offerings and Features
- B. Manage Implementation Projects
- C. Configure Basic Enterprise Structure
- D. Rapid Implementation Task List
Answer: B
NEW QUESTION 70
Your customer is implementing Cloud Procurement across two countries: A and B. They need intercompany transactions to be carried out between these two entities.
Identify the setup to fulfill this requirement.
- A. Supply Chain financial Orchestration agreement between business units of countries A and B.
- B. intercompany transaction between business units of countries A and B
- C. intercompany transaction between legal entities of countries A and B
- D. Supply Chain financial Orchestration agreement between legal entities of countries A and B
Answer: D
Explanation:
Oracle Fusion Supply Chain Financial Orchestration enables you to run financial orchestration flows and define business rules for financial orchestration. Using Oracle Fusion Supply Chain Financial Orchestration, you can: Manage intercompany transactions and intracompany flows. Intracompany flows are present when a financial orchestration exists between two different profit center business units that belong to the same legal entity. You can separate the physical part of this transaction from the financial part of the transaction. https://docs.oracle.com/en/cloud/saas/supply-chain-and-manufacturing/19d/faims/supply-chain-financial-orchestration.html
NEW QUESTION 71
You have the following business requirements while configuring applications with related roles:
When creating an implementation project, you want to see the list of Offerings and Functional Areas that are configured for the project.
You want to identify which stage are all Offerings and Functional Areas in.
Identify two setups that fulfill these requirements. (Choose two.)
- A. After implementation tasks, you should set the status to "In Progress" or "Implemented".
- B. You should change the Provisioned to "No" to specify the Offering that you want to choose while create an implementation project.
- C. Although the Offering configuration can be changed any time, the changes will influence any of the existing implementation task lists.
- D. You should select the "Enable for Implementation" check box to specify the Options.
- E. You should have an IT Security role in order to fulfill these requirements.
Answer: A,D
NEW QUESTION 72
Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types. (Choose two.)
- A. change orders affecting pricing of specific lines
- B. payment method, which supports multiple-installment payment goods or services
- C. condition-dependent reductions in price
- D. price increase request from a supplier through the supplier portal
- E. means to provide price discounts
Answer: C,E
NEW QUESTION 73
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.
Answer: B
Explanation:
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.
NEW QUESTION 74
You are creating a Purchase Order based on the style 'Cloud Purchasing Style'. While entering a Purchase Order line, you find that the line type named GOODS is available but the line type named LINE does not appear. Identify a reason for this behavior.
- A. The Goods check box is not checked for the Purchase Bases field of the Commodities option in the 'Create Document Style' task.
- B. Display Name for the Purchase Order is not set in the 'Create Document Style' task.
- C. The line type LINE is not among the selected line types for the document style 'Cloud Purchasing Style'.
- D. The status of the 'Cloud Purchasing Style' is not Active.
Answer: B
NEW QUESTION 75
During a Cloud Procurement implementation, your customer has asked you to set up document numbering for purchasing documents. Where do you setup the Next Purchase Order Number in Cloud Procurement Applications?
- A. Manage Common Options for Payables and Procurement
- B. Configure Procurement Business Function
- C. Configure Procurement Business Functions
- D. Configure Requisitioning Business Function
Answer: B
NEW QUESTION 76
Which statement is true regarding terms and conditions?
- A. Terms and conditions are not seeded with either Oracle Sourcing Cloud or Oracle Purchasing Cloud.
- B. Terms and conditions are seeded with both Oracle Sourcing Cloud and Oracle Purchasing Cloud.
- C. Terms and conditions are not seeded with Oracle Purchasing Cloud and are only seeded with Oracle Sourcing Cloud
- D. Terms and conditions are not seeded with Oracle Sourcing Cloud and are only seeded with Oracle Purchasing Cloud.
Answer: B
NEW QUESTION 77
Which two approval tasks can be performed by using the Manage Approval Rules user interface in Cloud Procurement?
- A. Item Creation Approval
- B. Expenses Approval
- C. Purchasing Document Approval
- D. Supplier Registration Approval
Answer: C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/procurement/20a/oapro/define-approval-management-for-procurement.html#OAPRO222602
NEW QUESTION 78
While defining the setup 'Define Requisition Configuration', which four options are available for the 'Group Requisition Import By' field?
- A. Category
- B. Location
- C. Supplier Site
- D. Item
- E. Requester
- F. Supplier
Answer: A,B,D,F
Explanation:
Reference http://docs.oracle.com/cd/A60725_05/html/comnls/us/po/timpreq.htm
NEW QUESTION 79
Self Service Procurement uses Browsing categories to help users to search for desired items. Which statement is true?
- A. Item catalog/categories are defined via Functional Setup Manager, whereas Browsing categories are defined via Procurement Content Management.
- B. Item catalog/categories are defined via Procurement Content Management, whereas Browsing categories are defined via Functional Setup Manager.
- C. Both Item and Browsing categories can be imported only via the front-end Fusion UI.
- D. Both Item and Browsing categories can be imported only via ADFDi. There is no front-end Fusion UI for these.
Answer: A
NEW QUESTION 80
Identify the three business benefits provided by the Manage Approval Rules user interface.
- A. ease of ordering items
- B. quick information search
- C. faster ramp-up time to set up approval rules
- D. support for common business requirements to route approvals based on aggregated information
- E. minimal dependency on IT group for rules setup
Answer: A,B,D
NEW QUESTION 81
Your customer has requested you to set up a Procurement Business Unit to server the procurement needs of various Requisitioning Business Units. How would you set up the Shared Procurement model in Oracle Procurement Cloud?
- A. by setting up a Service Provider relationship in the Business Unit setup
- B. by setting up a Procurement Business Unit and a Requisitioning Business Unit in the Functional Setup Manager
- C. by providing a default Business Unit in the Procurement Agent setup
- D. by setting up the Default Procurement BU in the Requisitioning Business Function
Answer: A
Explanation:
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 businessunit setup.
NEW QUESTION 82
Which three are supplier lookups from the Supplier functional area?
- A. Business Classification
- B. Tax
- C. Freight Terms
- D. Minority Group
- E. Supplier Type
Answer: A,B,E
NEW QUESTION 83
What is the difference between Prospective and Spend authorized suppliers?
- A. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers.
- B. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities.
- C. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally.
- D. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.
Answer: B
Explanation:
Prospective suppliers have a restricted level of access. They can participate in supplier qualification initiatives, and they can view and respond to negotiations. Prospective suppliers are identified within the application by an icon that indicates their prospective status.
If the category manager decides to award business to a prospective supplier who responded to a negotiation, that supplier will need to be authorized in the application to conduct spend transactions with the buying organization before a purchase document can be created for that supplier. Spend authorization requires a more complete level of information about the supplier and is subject to approval by the supplier manager. Once the supplier is approved for spend operations, they have access to all the normal capabilities of the application.
NEW QUESTION 84
An organization has been receiving incomplete Supplier Profile Data during the supplier onboarding and qualification process.
Identify the way to ensure that the required Supplier Profile data is entered by a supplier during the qualification process.
- A. Create an initiative with questions classified by Subject.
- B. Create an initiative with questions classified by Standards Organization.
- C. Create an initiative with questions mapped to supplier attributes.
- D. Create an initiative with questions Responder Type is internal.
Answer: C
NEW QUESTION 85
Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Oracle term 'Bid', and that they would like to have all their negotiation documents reflect this terminology.
What should you do to meet this requirement? (Choose the best answer.)
- A. Create a Negotiation Style.
- B. Customize the Descriptive Flexfield.
- C. Create a Negotiation Template.
- D. Create a Negotiation Type.
- E. Create a Purchasing Document Style.
Answer: A
NEW QUESTION 86
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. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.
- B. Set up the "Multiple Legal Entities on Order" value to "Allow" on the Configure Requisitioning Business Process page.
- C. Set up the Default Legal Entity on the Configure Requisitioning Business Process page.
- D. Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.
- E. Create Profit Center BU to Party Relationships.
Answer: A,D,E
Explanation:
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:
NEW QUESTION 87
Which option would the application first look at to default the Location field in the Purchase Order Line?
- A. Purchase Order Header
- B. Supplier site assignment record of the supplier site in the Requisitioning BU.
- C. BU assignment record of the source agreement that corresponds to the Requisitioning BU
- D. "Requisitioning Business Function Configuration" task of the Requisitioning BU.
Answer: A
Explanation:
Location
Header
BU assignment record of the source agreement corresponding to the Requisitioning BU Supplier Site Assignment record of the supplier site in the Requisitioning BU Requisitioning Business Function Configuration of the Requisitioning BU
NEW QUESTION 88
During an implementation, the Buyers will like to access the OTBI reports that are available in the Cloud Purchasing application. Identify the way to provide them easy access to Purchasing related OTBI reports?
- A. Enable the OTBI reports in Purchasing work area
- B. Ask the buyer to run Scheduled Process to run the OTBI reports for Purchasing
- C. Train the buyers to navigate to 'Functional Setup Manager' to access the reports
- D. Train the users to navigate to Business Intelligence applications to access the reports
Answer: A
NEW QUESTION 89
An automobile parts manufacturer has decided to implement only the Cloud Purchasing product from the Oracle Procurement Cloud pillar. Which setup component will not be required for this implementation?
- A. Procurement Business Function
- B. Purchasing Line Types
- C. Negotiation template
- D. Document Styles
- E. Procurement Agents
Answer: C
NEW QUESTION 90
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