Oracle 1z0-1073 Free Practice Questions

NEW QUESTION 1
A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?

• A. There is no Inventory Validation Organization defined.
• B. There is no Business Unit associated with the Legal Entity.
• C. The General Ledger is not associated with Business Unit.
• D. The Business Unit is not enabled for Costing.
• E. The Legal Entity Setup is incomplete.

Answer: B

NEW QUESTION 2
Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer, you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.
All their procurement, payables, and distribution activities take place from USA.
They have a central warehouse in USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units.
For requesting material they have two units. One located in USA that monitors the current stock. They are responsible for creating requisition for any material shortage in USA. They have another location in Canada for requesting material.
Which setup fulfills this scenario?

• A. Option A
• B. Option B
• C. Option C
• D. Option D

Answer: C

NEW QUESTION 3
Identify two statements that are true about the cost-organization relationship.

• A. Costing Item Validation Organization is used to default the Unit of Measure for costing calculations.
• B. Only inventory organizations belonging to different Item Master Organizations can be part of a cost organization.
• C. The inventory organizations that are assigned to a cost organization must all belong to the same legal entity.
• D. Costing Item Validation Organization can only be Item Master Organization of the underlying Inventory organizations.

Answer: CD

NEW QUESTION 4
Which three types of jurisdictions should be considered while designing the Enterprise Structure?

• A. Income Tax Jurisdiction
• B. Labor Jurisdiction
• C. Local Jurisdiction
• D. Transaction Tax Jurisdiction
• E. Identifying Jurisdiction
• F. Obligatory Jurisdiction

Answer: ADE

NEW QUESTION 5
You set up an item organization and inventory organization as part of your customer’s requirement. Your customer has, by mistake, performed a receipt transaction in the item organization instead of the
inventory organization. How will you rectify the error?

• A. Perform a new receipt in the correct organization and retain the stock in the item organization because it does not affect any other operation.
• B. It is not possible to receive item in the item organization.
• C. Perform a correct receipt transaction and receive the item in the correct organization.
• D. Perform a return of item and receive the item again in the correct organization.

Answer: B

NEW QUESTION 6
Which three values are applicable for the profile option – “Transaction Processing Mode” for subinventory transfer and interorganization transfer?

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

Answer: ADF

NEW QUESTION 7
Which three statements are true regarding PAR Location Management?

• A. If the stock level falls below the target on-hand quantity for the locator, inventory generates the appropriate replenishment document based on the item sourcing for the subinventory.
• B. PAR location management replenishment are calculated at the organization level or subinventory level.
• C. A receipt is required on interorganization expense destination transfer orders between the from and to organizations
• D. Periodic Automated Replenishment (PAR) enabled facilities that do not store perpetual inventory (such as hospitals) to perform locator-level replenishment.
• E. Organizations can perform locator-level stock counting for both quantity and non-quantity tracked subinventories.

Answer: CDE

NEW QUESTION 8
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. Set Consumption Advice Summary in Consignment Agreement to “Organization”.
• B. Set Consumption Advice Summary in Consignment Agreement to “All Organizations”.
• C. This cannot be achieved because only one common consumption advice is created regardless of other parameters.
• D. Set Consumption Advice Summary in Consignment Agreement to “All Organizations with items”.

Answer: A

NEW QUESTION 9
Which execution document is created by supply chain orchestration when a make request is received?

• A. Purchase Order
• B. Routing Create
• C. Work Order
• D. Transfer Order
• E. Movement Request

Answer: C

NEW QUESTION 10
Which two options constitute the rights and responsibilities of a Legal Entity?

• A. Manage warehouses
• B. Create opportunities for new business
• C. Account for themselves to regulators, taxation authorities, and owners according to rules specified in the relevant legislation
• D. Facilitate resource allocation
• E. Own property

Answer: CE

NEW QUESTION 11
What does the system do if you have not entered a count for a tag during physical inventory process?

• A. It will consider the current system quantity
• B. You will not be able to post without a quantity for every tag.
• C. A warehouse person will be notified.
• D. Any adjustment will be rejected.
• E. It will adjust your on-hand balances down to zero quantity.

Answer: E

NEW QUESTION 12
Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity.
What will be the reorder quantity?

• A. 30
• B. 25
• C. 24
• D. 20

Answer: A

NEW QUESTION 13
Your customer has a requirement across their 10 warehouses, each with different users. They would like that whenever a warehouse user logs in, their default warehouse should get populated.
How will you achieve this?

• A. Set the profile option INV_DEFAULT_WHSE_ID at site level.
• B. Set the profile option INV_DEFAULT_ORG_ID at site level.
• C. Set the profile option INV_DEFAULT_WHSE_ID at user level for each user.
• D. Set the profile option INV_DEFAULT_ORG_ID at user level for each user.
• E. Set the profile option INV_DEFAULT_WHSE_ID at role level (different roles for different warehouses).
• F. Set the profile option INV_DEFAULT_ORG_ID at role level for each role (different roles for different warehouses).

Answer: F

NEW QUESTION 14
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. Average Cost Update
• B. Miscellaneous Issues and Receipts
• C. All Transaction Types Related to Work in Process
• D. All Internal Transactions
• E. Backflush Subinventory Transfer

Answer: CE

NEW QUESTION 15
You have orders that were due for shipping last week, but as of now they have not been shipped. Which dashboard should you check at the end of the day to determine which orders have been shipped?

• A. Past Due, Completed Today
• B. Due Today, Not Completed
• C. Past Due, Not Completed
• D. Past Due Shipments
• E. Orders Completed in Full

Answer: E

NEW QUESTION 16
A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor’s warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

• A. Subinventory Transfer
• B. Move Request
• C. Transfer Order
• D. Miscellaneous Transaction
• E. Requisitions

Answer: D

NEW QUESTION 17
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 Requisitions
• C. Purchase Order
• D. Transfer Order

Answer: D

NEW QUESTION 18
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 issued out of stores.
• C. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.
• D. It cannot be transacted.
• E. It is not included in cycle counts.

Answer: AC

NEW QUESTION 19
For an Item to be enabled for back-to-back order process, which attribute do you need to set?

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

Answer: E

NEW QUESTION 20
Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

• A. Currency, Description, and Accounting Method
• B. Chart of Accounts, Description, and Accounting Method
• C. Chart of Accounts, Accounting Calendar, and Currency
• D. Chart of Accounts, Ledger Balance, and Accounting Method

Answer: C

NEW QUESTION 21
While creating the consignment agreement, you have set the consumption advice frequency to “monthly” and the billing cycle close date to “31st August, 2021”.
What will happen when you run the consumption advice process on 31st August, 2021?

• A. Consumption advice is created and the next closing date is set to 30th September, 2021.
• B. Consumption advice is created and the next closing date is set to 7th September, 2021.
• C. Consumption advice is created and the next closing date is set to 30th October, 2021.
• D. No consumption advice is created.

Answer: A

NEW QUESTION 22
Your customer has defined three business units: two of them require the same set of receivables payment terms whereas the third needs a separate set of receivables payment terms.
How will you achieve this requirement?

• A. Define one data set with common payment terms and exclude the payment terms feature from the third business unit.
• B. Define two reference data sets, assign the first set to the two business units which will share the same payment terms and second set to the business unit which needs separate payment terms.
• C. Define three reference data sets and assign each data set to each business unit.
• D. Define one reference data set and modify the business unit security.

Answer: B

NEW QUESTION 23
An inventory transaction is imported to the system through an FBDI template.
Which transaction state denotes that an inventory transaction is created in the Oracle Cloud Inventory Management application?

• A. Validated
• B. Created
• C. Deferred
• D. New
• E. Staged

Answer: A

NEW QUESTION 24
Your organization is planning for a periodic counting of individual items automatically throughout the course of the year. As part of this activity, the user has loaded items to the cycle count but some of the items are not being considered when count schedules and count sequences are not generated.
Identify two reasons that explain why the items are not being considered.

• A. The Include in Schedule option is not selected to include the item for auto-scheduling.
• B. The approval controls are not set up.
• C. The ABC assignment group is not defined.
• D. The Cycle Count Enabled flag is not selected for the item.
• E. The Cycle Count Enabled flag is not selected for the inventory organization.

Answer: BD

NEW QUESTION 25
......