Oracle 1z0-1023 Free Practice Questions

NEW QUESTION 1
In Supply Chain Orchestration, Automated Change Management performs which two functions?

• A. changing the ship method on a sales order
• B. change to need by dates of a purchase order
• C. splitting of a sales order
• D. change to item attributes
• E. changing the supplier on a purchase order

Answer: BC

NEW QUESTION 2
A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them.
Which type of execution document can fulfill the supply request?

• A. Sales Order
• B. Purchase Order
• C. Transfer Order
• D. Purchase Requisitions

Answer: C

NEW QUESTION 3
Your client has decided that Discrete Manufacturing will be Implemented at a future stage, so any new supply from current manufacturing will be added to current inventory by the Open Transactions Interface. The immediate requirement is to go live with Inventory and Order Management.
Which two seeded transaction types can be omitted for material status control?

• A. Backflush Subinventory Transfer
• B. All Transaction Types Related to Work in Process
• C. All Internal Transactions
• D. Average Cost Update
• E. Miscellaneous Issues and Receipts

Answer: AB

NEW QUESTION 4
Your customer has two warehouses (Inventory organizations) located in two different regions. They have a consigned agreement in place with the supplier. Your customer requests that whenever consumption advice is created, it should be created separately for each inventory organization. What setup is required to achieve this requirement?

• A. This cannot be achieved because only one common consumption advice is created regardless of other parameters.
• B. Set Consumption Advice Summary in Consignment Agreement to "All Organizations with items".
• C. Set Consumption Advice Summary in Consignment Agreement to "Organization".
• D. Set Consumption Advice Summary in Consignment Agreement to "All Organizations".

Answer: C

NEW QUESTION 5
Your customer has received 50 boxes of item A (priced at $10 per box) and these Items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the Item valuation for Item A is still zero. What is the reason?

• A. Items are not consigned items and ownership is with the organization.
• B. Items are not consigned items but ownership is still with the supplier.
• C. Items are consigned and ownership is transferred to "owned".
• D. Items are consigned items and ownership lies with the supplie

Answer: D

NEW QUESTION 6
Your client wants certain inventory items of high importance to be counted periodically to improve the average level of inventory accuracy.
What type of counting would you recommend?

• A. Manual Count
• B. Zero Quantity Count
• C. Cycle Count
• D. Physical Count
• E. Blind Count
• F. Serialized Count

Answer: C

NEW QUESTION 7
Which three applications originate a buy request that is received by supply chain orchestration?

• A. Inventory
• B. Accounts Payable
• C. Order Management
• D. Purchasing
• E. Planning
• F. Self Service Procurement

Answer: ACE

NEW QUESTION 8
What are two outcomes when a lot expires on an item with lot control enabled?

• A. It cannot be reserved for a date beyond the expiration date.
• B. It is not included in cycle counts.
• C. It cannot be transacted.
• D. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.
• E. It is issued out of store

Answer: AD

NEW QUESTION 9
Which three replenishment count types are used for Periodic Automated Replenishment (PAR)?

• A. Order Quantity: Generates a replenishment request for the order quantity entered for the replenishment count
• B. Reorder Point: Generates a replenishment request for the order quantity based on days of cover for the item lead time
• C. Order PAR: Generates a replenishment requisition for the PAR-level quantity
• D. Order Economic Order Quantity (EOQ): Generates a replenishment request for the calculated quantities based on inventory policies to maintain the PAR quantity
• E. On-Hand Quantity: Generates a replenishment requisition for the difference between the on-hand quantity and the PAR-level quantity

Answer: ACE

Explanation:
https://docs.oracle.com/cd/A60725_05/html/comnls/us/inv/replcn02.htm

NEW QUESTION 10
The Applications Development Framework Desktop Integration (ADFdi) user interface is supported in Oracle Fusion Receiving, Inventory Management, and Shipping products.
Identify four ADFdi user interfaces that are supported.

• A. Manage Shipment Message Interface
• B. Manage Lot/Serial Interface
• C. Manage Inventory Transaction Correction in Spreadsheet
• D. Review Count Interface Records
• E. Review Receipts Interface
• F. Upload ASN or ASBN

Answer: ABDE

NEW QUESTION 11
In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a supplier. The Sourcing Rules have been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the supply line status is "In Purchasing" with the supply order generated but the purchase requisition not generating.
What is the reason?

• A. Supply order is generated with exceptions.
• B. Preparer is not valid.
• C. The Sourcing rule is incorrect.
• D. No Blanket Purchase Agreement (BPA) exists for this supplier-item combination.
• E. Buy requests originate from Order Managemen

Answer: D

NEW QUESTION 12
You are currently implementing Oracle Cloud for the Singapore entity of your Multinational customer. Their head office is located in Japan. Apart from Singapore, their other entities are using a legacy system.
Their requirement is to implement Oracle Cloud in such a way that at the end of the financial year, all their financial reporting should be in Japanese Yen.
How will you fulfill the above requirement?

• A. Define two ledgers one in SGD (Singapore Dollars) and one in Japanese Yen and transfer data of all the subledgers in these two primary ledgers.
• B. Define one primary ledger with Japanese Yen currency so that all the subledger data gets converted to Japanese Yen automatically.
• C. This requirement cannot be fulfilled.
• D. Define one primary ledger with SGD (Singapore Dollars) as primary currency and use the reporting currency functionality to provide the necessary data in Japanese Yen currency.

Answer: D

NEW QUESTION 13
Which statement is false about generating an Internal Material Transfer for expense destination
Transfer Order?

• A. Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
• B. Expense destination transfers are expensed upon delivery hitting an expense account Instead of an inventory asset account as would be the case for inventory destination transfers.
• C. If the receipt is required, then accounting of the receipt delivery transaction will happen Only in Receipt Accounting because there will not be a delivery transaction in inventory.
• D. Costs for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

Answer: A

NEW QUESTION 14
For an Item to be enabled for back-to-back order process, which attribute do you need to set?

• A. Organization attribute: Allow Back to Back Processing
• B. Item attribute: Reservations Enabled
• C. Organization attribute: Allow Reservations
• D. Item attribute: Back-To Back Enabled
• E. Item attribute: Allow purchase orders off of sales orders

Answer: D

NEW QUESTION 15
Which two statements are true in regard to using the Enterprise Structures Configurator?

• A. It allows you to create your Enterprise, Business Units, and Warehouses in a single step.
• B. It creates the chart of accounts.
• C. You cannot modify the recommendation from the too
• D. You must do it after you perform the initial configuration.
• E. The guided interview-based process helps you set up the enterprise with best practices.
• F. It recommends job and position structure

Answer: AE

Explanation:
https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20360/F341634AN1A2B8.htm

NEW QUESTION 16
Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer?

• A. Blind Processing
• B. Offline Processing
• C. Background Processing
• D. Sequential Processing
• E. Online Processing
• F. Concurrent Processing

Answer: CEF

Explanation: Transaction Processing Mode
You can set processing control globally for all transactions or you can choose different options for each type of transaction. You establish the method of transaction processing by choosing one of the following options when you set up your TP:INV Transaction Processing Mode profile:
On-line processing
Processes transactions while you wait and returns control to you once it finishes.
Background processing
Returns control immediately to you. With this option, Oracle Inventory processes transactions on a periodic basis via the Inventory Transaction Manager.
Immediate concurrent processing
Spawns a concurrent process when you commit the transaction and returns control immediately to you, allowing you to continue working.
Form level processing
Processes transactions using the processing control option you choose for that particular type of transaction. You must also set the Inventory profile options for Inter-Organization Transfer, Miscellaneous Issue and Receipt, Receive Customer Return, Return to Customer, and Transfer Between Subinventories. If you are using Oracle Work-in-Process, you must set the WIP profile options Completion Material Processing, Completion Transaction Form, Material Transaction Form, Move Transaction, Operation Backflush Setup, and Shop Floor Processing. https://docs.oracle.com/cd/E18727_01/doc.121/e13450/T291651T291655.htm

NEW QUESTION 17
While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership?

• A. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
• B. You received the goods today and you decide to issue the goods after three days without transferring the ownership.
• C. You received the goods today and for the next one week you do not plan any action on the same.
• D. You received the goods today and after four days you return the material to the supplier.
• E. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
• F. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

Answer: ACE