1D0-1065-23-D Exam Training Practice Tests (Oracle Fusion Cloud Procurement 2023 Implementation Professional

Question 1

Which entity defines the functional access and restricts user access to specific functionality within Oracle Fusion Cloud Procurement?

A. Job roles B. Privileges C. Security policies D. Duty roles

Correct Answer: D

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Question 2

Which of the following may trigger the need for issuing an RFQ?

A. The need to renegotiate pricing and terms with an existing supplier. B. The need to monitor supplier performance against contractual obligations. C. The need to quickly source a low-value item for one-time use. D. The need to solicit proposals for a complex project with multiple deliverables.

Correct Answer: D

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Question 3

Which of the following is an advantage of using the 'Sourcing' feature in Oracle Fusion Cloud Procurement?

A. Automating the payment processing for suppliers B. Streamlining the procurement process with a centralized system C. Tracking and monitoring supplier performance and compliance D. Managing the inventory levels and stock replenishment

Correct Answer: B

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Question 4

Which functionality is provided by the Shopping Home Page in Self Service Procurement?

A. Approving purchase requisitions from employees. B. Viewing and managing purchase orders. C. Managing budgets and expense allocations. D. Searching and shopping for items from catalogs and non- catalog sources.

Correct Answer: D

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Question 5

Which of the following best describes the purpose of the Procurement application in Oracle Fusion Cloud?

A. To manage sales and customer relationships. B. To handle financial planning and budgeting. C. To streamline and automate the procurement process. D. To monitor and report on employee performance.

Correct Answer: C

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Question 6

What is the Supplier Products and Services Category Hierarchy in Oracle Fusion Cloud Procurement?

A. A method to track the availability and pricing of products and services from suppliers. B. A hierarchical structure of procurement categories for managing supplier contracts. C. A list of all products and services available for purchase from suppliers. D. A classification system for organizing suppliers based on their product offerings.

Correct Answer: D

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Question 7

Which of the following security features is available in the Supplier Portal in Oracle Fusion Cloud Procurement?

A. Two-factor authentication. B. Data encryption. C. Role-based access control. D. All of the above.

Correct Answer: D

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Question 8

What are the benefits of effectively managing Qualifications in Oracle Fusion Cloud Procurement?

A. Increased purchasing efficiency and process automation. B. Improved supplier selection and reduced risk. C. Enhanced financial performance and cost savings. D. Streamlined contract management and compliance.

Correct Answer: B

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Question 9

When configuring a Procurement Business Unit in Oracle Fusion Cloud Procurement, which of the following is TRUE regarding the configuration of document sequencing?

A. Document sequencing configuration is optional and can be omitted. B. Document sequencing configuration is automatically inherited from the common configuration. C. Document sequencing configuration is only required for purchase orders and not for other types of procurement documents. D. Document sequencing configuration is specific to each business unit and must be defined separately.

Correct Answer: D

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Question 10

Which of the following represents the correct sequence of steps to create an approval rule in Oracle Fusion Cloud Procurement?

A. Actions, Attributes, Criteria B. Attributes, Criteria, Actions C. Criteria, Attributes, Actions D. Criteria, Actions, Attributes

Correct Answer: C

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Question 11

Which profile option is used to default the numbering method for procurement documents?

A. Doc_Numbering_Method B. Requisition_Numbering_Method C. Purchase Order Numbering _ Method D. PO_Numbering_Method

Correct Answer: C

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Question 12

Which sequence of steps should you follow to configure an approval rule to automatically approve without being sent to an approver?

A. Create the routing for the rule so that it is sent to the initiator, set the Auto Action Enabled option to True, and then enter Approve in the auto action field. B. Create the routing for the rule so that it is sent to the initiator, enter Approve in the auto action field, and then set the Auto Action Enabled option to True. C. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabled option to True. D. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabled option to True.

Correct Answer: A

Question 13

Identify the document in which the Supplier field is not mandatory

A. Request for Quotation B. Purchase Order C. Requisition D. Invoice E. Quotation

Correct Answer: D

Question 14

Which of the following contract terms can be defined in Oracle Fusion Cloud Procurement?

A. Payment terms B. All of the above C. Delivery terms D. Pricing terms

Correct Answer: B

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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta - 1D0-1065-23-D Exam Practice Test