1Z0-1073-21 Exam Training Practice Tests (Oracle Inventory Cloud 2020 Implementation Essentials)]

Question 1

While creating the consignment agreement, you have set the consumption advice frequency to "monthly" and the billing cycle close date to "31st August, 2020".
What will happen when you run the consumption adviceprocess on 31st August, 2020?

A. Consumption advice is created and the next closing date is set to 30th September, 2020. B. Consumption advice is created and the next closing date is set to 7th September, 2020. C. Consumption advice is created and the next closing date is set to 30th October, 2020. D. No consumption advice is created.

Correct Answer: A

Question 2

You have set up min-max planning at the subinventory level with the following to source item AS12312 for Organization: M1:
* Source Type: Organization
* Organization: M1
What type of supply request will be generated?

A. Internal Requisition B. Movement request C. Purchase Requisition D. None; this is an invalid setup E. Intraorganization transfer order

Correct Answer: E

Question 3

Your company is an automobile spares manufacturing organization, which follows a discrete process. It has its own manufacturing and distribution centers located globally.
It has these business units:
US- USA business unit
CAN - Canadian business unit
UK - UK business unit
MX - Mexican business unit
IND - India business unit
SPA - Spain business unit
FRA - France business unit
NL - Netherlands business unit
GER - Germany business unit
These are the inventory organizations that exist in each business unit:
Inventory Org - business unit
--------------------------------------------
GM (Master Org) - US
US1 (Child Org) - US
US2 (Child Org) - US
CA1 (Child Org) - CAN
MX1 (Child Org) - MX
IN1 (Child Org) -IND
SP1 (Child Org) - SPA
FR1 (Child Org) - FRA
NL1 (Child Org) - NL
DE1 (Child Org) - GER
Which two statements are true? (Choose two.)

A. All inventory organizations do not need to be in the same business unit to assign items. B. Operational Attributes can be controlled only at the Master Level. C. You candefine an item in the IN1 inventory organization and assign it to the DE1 inventory organization. D. Items cannot be assigned to inventory organizations across business units. E. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations. F. Item organizations are also supported to serve as inventory organizations.

Correct Answer: A,E

Question 4

Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.
What is the process of returning the material?

A. You have to transfer the ownership of item and perform the return transaction. B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap. C. You have to cancel the invoice and send the material back without changing the ownership. D. Return the material and create a debit memo for the supplier.

Correct Answer: D

Question 5

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. 20 B. 30 C. 25 D. 24

Correct Answer: B

Question 6

Which three statements about the main areas of ManagerialAccounting are correct? (Choose three.)

A. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated. B. Cost method can be defined granularity down to individual items. C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts. D. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.

Correct Answer: A,C,D

Question 7

While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

A. It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated. B. The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place. C. The system will automatically pick "USD" as functional currency from the legal entity country. D. The system will pick the first available currency from the List of Values. E. It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.

Correct Answer: C

Question 8

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.
1.All their procurement, payables, and distribution activities take place from USA.
2.They have a central warehousein 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.
3.For requesting material they have two units. One located in USAthat 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. BU1: USA - as procurement business unit(BU) BU2: Canada - as requisitioning business unit BU3:
USA - as requisitioning business unit
Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit B. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3:
USA - as requisitioning business unit
Define Service provider relationship where USA procurement business unit serves as procurement and payablesservice provider for only Canada requisitioning Business Unit C. BU1: USA - as procurement and requisitioning Business Unit (BU) BU2: Canada - as requisitioning Business Unit Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit D. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3:
USA - as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units

Correct Answer: D

Oracle Inventory Cloud 2020 Implementation Essentials - 1Z0-1073-21 Exam Practice Test