Passing Oracle 1Z0-1065-21 Exam Using 2022 Practice Tests [Q21-Q41]

NO.21 After gathering requirements from the business leads of customer organization, you have set up the Bill-to location at multiple places during Oracle Procurement Cloudimplementation. Identify the source from which the purchase order defaults the Bill-to location.

from the Business Unit setup

from the ‘Common Payables and Procurement options’ first and if it is ‘Null’ then from ‘Supplier site assignment’

from the ‘Configure Procurement business function’

from the ‘Configure Requisitioning business function’

from the ‘Supplier site assignment’ first and if it is ‘Null’ then from ‘Common Payables and Procurement options’

NO.22 While configuring offerings, you had deselected the “Supply Chain Financial Orchestrationof Procurement Flows” check box and had locked the feature. However, because of changes in the business requirements, you are required to enable the feature.
Identify the prerequisite step to perform this change.

Navigate to the “Select Feature Choices” page of the Procurement Offering and unlock the feature.

Set the implementation status to “In Progress” of the Procurement Offering.

Change the Provisioned to “No” of the Procurement Offering.

Deselect the “Enable for Implementation” check boxof the Procurement Offering.

NO.23 A supplier has one corporate site location and three other site locations fromwhere they supply goods to your client locations. Each site must have its own contract for negotiating and they must be restricted from viewing each other’s negotiations.
How would you configure this?

by giving the Supplier Administrator role to thesupplier contract

by restricting supplier contract access to a specific supplier site

by restricting supplier contract access to Supplier Level

by giving the Procurement Agent role to the supplier contract

NO.24 During an Oracle Procurement Cloud implementation, you have been asked to provide View access to all purchasing documents to all buyers in Procurement Business Unit A.
What will you do to configure this change?

Define all buyers as employees in procurement Business Unit A.

Configure a new document style and assign it to each buyer in “Manage Procurement Agent.”

Modify “ConfigureProcurement Business Function” for procurement Business Unit A and provide access to all buyers.

Update each buyer’s access using “Manage Procurement Agent” for procurement Business Unit A.

NO.25 Yourcustomer has requested you to set up a Procurement Business Unit to server the procurement needs of various Requisitioning Business Units. How would you set up the Shared Procurement model in Oracle Procurement Cloud?

by setting up a Service Provider relationship in the Business Unit setup

by setting up the Default Procurement BU in the Requisitioning Business Function

by setting up a Procurement Business Unit and a Requisitioning Business Unit in the Functional Setup Manager

by providing a default Business Unit in the Procurement Agent setup

NO.26 Which two job roles can access the Procurement Dashboard?

Buyer

Procurement Manager

Procurement Preparer

Procurement Requester

Category Manager

NO.27 Your customer is a global company and has multiple legal entities across countries:
* Vision China (Legal Entity) 1) has a China Distribution Business Unit (BU).
* Vision US (Legal Entity) 2) has a US Distribution BU.
They have the following requirements:
1. To make purchases from or sell to the other legal entities using intercompany transaction
2. To automatically determine the sold-to legal entity on a Purchase Order (PO) by using Supply Chain Financial Orchestration(SFO) Identify three applicable setups in Oracle Procurement Cloud to fulfill these requirements.

Set up the Default Legal Entity on the Configure Requisitioning Business Process page.

Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.

Set up the “Multiple Legal Entities on Order” value to “Allow” on the Configure Requisitioning Business Process page.

Create Profit Center BU to Party Relationships.

Set up the default procurement business unitfor Default Legal Entity in Manage Purchasing Profile Options.

NO.28 During a Cloud Procurement implementation, your customer has asked you to set up document numberingfor purchasing documents. Where do you setup the Next Purchase Order Number in Cloud Procurement Applications?

Configure Procurement Business Functions

Configure Procurement Business Function

Configure Requisitioning Business Function

Manage Common Options for Payables and Procurement

NO.29 Your customer tells you that in their industry, the response document for an auction is called a ‘Proposal’ instead of the default Oracle term ‘Bid’, and that they would like to have all theirnegotiation documents reflect this terminology. What would you do to meet this requirement?

Create a Negotiation Style

Create a Negotiation Type.

Customize the Descriptive Flexfield.

Create a Purchasing Document Style.

Create a NegotiationTemplate.

NO.30 Identify two activities that a Buying Organization will be able to perform after it provides the Supplier Portal access to Suppliers. (Choose two.)

Create Negotiation flow internally on behalf ofprospective suppliers.

Import supplier data and related entities.

Consolidatesuppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions.

Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.

Collect informationabout prospective suppliers through a self-guided registration flow.

NO.31 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.

Line 1 and Line 2 are approved by the ITmanager, and Line 3 by the purchasing manager.

Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.

Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.

Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by the IT director.

NO.32 Which seeded role needs to be associated with the supplier user account so that a supplier can respond to the invited negotiations?

Supplier Bidder

Supplier Customer service representative

Supplier Contract Manager

Supplier Self Service Administrator

Supplier Sales Representative

NO.33 For external supplier self-service registration, you can define web pages and specify the URL for each page, for prospective and spend authorized suppliers.
In Setup and Maintenancewhich task should be used for this purpose?

Manage Server Configurations

Configure Procurement Business Function

Configure Requisitioning Business Function

Configure Supplier Registration and Profile Change Requests

NO.34 Identify the statement that is not valid for OracleCloud Procurement Contracts

The Contracts terms template defines pre-approved boiler plate for the type and circumstances for the contract

The Contracts terms template drives rules to help you follow company policy

Allows you to capture any change in Terms & Conditions of Contract in MS Word

Allows you to publish Contracts on Social Networks

NO.35 Your organization has multiple procurement business units. A Qualification manager wants to launch an initiative for assessment of suppliers. However, the manager is unable to select the qualification model that he or she defined earlier.
Identify the cause for this behavior.

The qualification model is not yet approved.

The Qualification manager is not defined as procurement agent.

The Qualification manager does not have the “Manage Suppliers” action enabled in procurement agent definition.

The Qualification manager has not selectedthe correct procurement BU.

NO.36 Identify two correct statements about Local area and Contextual areas in the common UI Shell. (Choose two.)

Local area includes components that directly affect the Contextual area.

Local area can drive the contents of the regional area and the contextual area.

Local area is the main work area and typically contains the transaction form.

Contextual area provides quick access to tools that support business process.

Contextual area can drive the contents of the local area.

NO.37 An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliersshould be eligible to supply their goods and service.
How do you model this requirement using external supplier registration and supplier qualification management?

External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized

External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation

External Supplier registration-Spend Authorized > Initiative > Supplier Response >Qualification Evaluation > Promoted as spend authorized

External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative

NO.38 In Self Service Procurement, a user is not able to search for the Inventory Item “Play Station 4”. Identify three configuration issues that could be causing this problem.

The “Play Station4” Item has not been marked as a “Purchased” item within the Purchasing operational attribute group.

The “Play Station4” Item is not part of any Procurement catalog.

“Play Station4” is defined as “BOM Enabled” in PIM.

The “Play Station4” Item does not belong to any Purchasing Category.

“Play Station4” is not defined as a “Transact able” item in PIM.

NO.39 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?

Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.

Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.

Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.

NO.40 During the User acceptance testing of your Cloud Procurement implementation, a user has created a purchase order and is trying to submit the purchase order for approval. On clicking Submit, the user gets a “Funds check failed” error.
Identify the cause of this error.

Funds are insufficient and budget type is “Track”.

Funds are insufficient and budget type is “Advisory”.

Funds are insufficient and budget type is “Absolute”.

Funds are available but the approver is not set up as “Budget Manager” for the selected budget for the business unit.

NO.41 During the implementation, your customer wants to understand the key features of the two-stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud.
Identify three features of the two-stage RFQ. (Choose three.)

OpenAuctions

Response Visibility Open

Technical and Commercial Evaluation

Two stage Evaluation

Response Visibility Blind

Response Visibility is always Sealed

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