1Z0-1065-21 Exam Training Practice Tests (Oracle Procurement Cloud 2021 Implementation Essentials)]

Question 1

Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
An employee submits the following requisition:
LINEDESCRIPTIONCATEGORYAMOUNT
1Mac LaptopIT. Laptop899.00
2LCD MonitorIT. Monitor250.00
3IPhone6Telephony. Cellphone199.99\
Refer to the exhibit to select the final approving authority.

A. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager. B. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager. C. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by the IT director. D. Line 1 and Line 2 are approved by the ITmanager, and Line 3 by the purchasing manager.

Correct Answer: B

Question 2

Identify the setup that allows news and information of interest to be published to suppliers through the Oracle Supplier Portal Cloud.

A. configuring the "News Broadcast" field using the 'Manage Supplier' task B. setting up Specify Supplier News Content in the Functional Setup Manager C. enabling RSS feed from a customers corporate web portal D. enabling feed from social media sites such as Facebook, Twitter, and so on using 'Manage Common Options for Purchasing'

Correct Answer: B

Question 3

Identify two features of the pricebreak functionality provided in Blanket Purchase Agreement (BPA) document types. (Choose two.)

A. payment method, which supports multiple-installment payment goods or services B. price increase request from a supplier through the supplier portal C. condition-dependent reductions in price D. means to provide price discounts E. change orders affecting pricing of specific lines

Correct Answer: C,D

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Question 4

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

A. Procurement Foundation B. Legal Structures C. Enterprise Profile D. Organization Structures

Correct Answer: B

Question 5

Which three business users can submit a new supplier request? (Choose three.)

A. Catalog Administrator B. Self-Service Procurement user C. Category Manager D. Supplier Administrator E. Warehouse Manager

Correct Answer: B,C,D

Question 6

Select two document sequencing setups that are performed in the "Configure Requisitioning Business Function" task.

A. Next Negotiation Number B. Next Requisition Number C. Next Receipt Number D. Next Agreement Number E. Next Purchase Order Number

Correct Answer: B,E

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Question 7

A buyer often orders an item BA82829by box but the same store manager stocks the item as individual units by using the 'Each' unit of measure. Item BA82829 can be ordered from three suppliers and the box sizes differ by supplier (12, 24 and 36). Identify the correct option to set up these units of measure in Product Hub (PIM).

A. Create a Box UOM and an Each UOM and assign them to different UOM classes. B. Create multiple BoxY UOMs, where Y is the quantity per box,and an Each UOM, and assign them to the same UOM class. C. Create a Box UOM and an Each UOM and assign both to the same UOM classes. D. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to different UOM classes. E. Always use the Each UOM and do not create Purchase Orders for Box.

Correct Answer: C

Question 8

Identify two profile options that are required to configure Punchout Catalogs in Self Service Procurement.
(Choose two.)

A. PO_DEFAULT_PRC_BU B. POR_DISPLAY_EMBEDDED_ANALYTICS C. PO_DOC_BUILDER_DEFAULT_DOC_TYPE D. POR_PROXY_SERVER_NAME E. POR_PROXY_SERVER_PORT

Correct Answer: D,E

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Question 9

During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line type for negotiating terms for future purchase of services and do not have a defined scope of work.
Identify the source that the customer needs to select while creating the line type to meet this requirement.

A. Item, buy B. Free form, buy agreement C. Free form, buy D. Item, buy agreement

Correct Answer: B

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Question 10

In the Oracle Procurement Cloud Setup Flow, which three components are within the Common Procurement Configuration set of tasks?

A. Payables and Procurement B. Supplier Portal C. Buyer Assignments D. Procurement Agents E. Supplier Configuration

Correct Answer: A,D,E

Question 11

Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the pricethroughout the year.
How should you set up this item in Oracle Procurement Cloud to address both requirements?

A. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier. B. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier. C. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier. D. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

Correct Answer: D

Question 12

While creating a Contract Purchase Agreement, a buyer tries to add a Contract Template to it, but the List of Values (VOL) is empty.
Identify three applicable reasons for this issue.

A. The document type associated with the Contract Template is 'Contract Purchase Agreement'. B. The document type associated with the Contract Template is 'Blanket Purchase Agreement'. C. The document type associated with the Contract Template is 'Purchase Order'. D. The Contract Template is in 'Approved' status. E. The Contract Template is not 'Approved'.

Correct Answer: A,C,D

Question 13

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. Rapid Implementation Task List B. Configure Basic Enterprise Structure C. Manage Offerings and Features D. Manage Implementation Projects

Correct Answer: D

Oracle Procurement Cloud 2021 Implementation Essentials - 1Z0-1065-21 Exam Practice Test