Oracle 1z0-1023 Practice 2021

NEW QUESTION 1
Your customer is managing a large sales team divided in two different geographies in the US

• A. They have the East Coast sales team and the Central sales tea
• B. Both teams are handled by one manager and perform the same function.You customer wants to track the expenses of the two teams separately; however, they do not consider them different as they are handled by one manager only.How will you fulfill the requirement?
• C. Define them as a single department and two separate cost centers.
• D. Define them as two separate departments and a single cost center.
• E. It is not possible to fulfill the requirement.
• F. Define them as one department and one cost cente

Answer: A

NEW QUESTION 2
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. This cannot be achieved because only one common consumption advice is created regardless of other parameters.
• B. Set Consumption Advice Summary in Consignment Agreement to "All Organizations with items".
• C. Set Consumption Advice Summary in Consignment Agreement to "Organization".
• D. Set Consumption Advice Summary in Consignment Agreement to "All Organizations".

Answer: C

NEW QUESTION 3
Which three replenishment count types are used for Periodic Automated Replenishment (PAR)?

• A. Order Quantity: Generates a replenishment request for the order quantity entered for the replenishment count
• B. Reorder Point: Generates a replenishment request for the order quantity based on days of cover for the item lead time
• C. Order PAR: Generates a replenishment requisition for the PAR-level quantity
• D. Order Economic Order Quantity (EOQ): Generates a replenishment request for the calculated quantities based on inventory policies to maintain the PAR quantity
• E. On-Hand Quantity: Generates a replenishment requisition for the difference between the on-hand quantity and the PAR-level quantity

Answer: ACE

Explanation:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/inv/replcn02.htm

NEW QUESTION 4
You have a high value item that you want to audit on an unscheduled basis to deter pilfering.
Which method would you use to do this?

• A. Physical Inventory Count
• B. Blind Inventory Count
• C. Manual Cycle Count
• D. Automated Cycle Count
• E. ABC Count

Answer: C

NEW QUESTION 5
Identify the correct movement request where the move orders are preapproved requests for subinventory transfers that bring material from a source location to a shipment staging subinventory within the organization.

• A. Pick Wave Movement Request
• B. Shipping Movement Request
• C. Replenishment Movement Request
• D. Automatic Movement Request Requisitions
• E. Movement Request Requisitions

Answer: A

Explanation:
Pick Wave Move Orders
Pick wave move orders are pre-approved requests for subinventory transfers to bring material from a source location in the warehouse to a staging subinventory. These move orders are generated automatically by the Oracle Shipping Execution pick release process.
For all move orders, the final result is one of the two supported transactions:
1. Subinventory Transfer or
2. Account Issue.
http://functional-scm.blogspot.com/2011/12/move-orders-in-oracle-apps.html

NEW QUESTION 6
While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership?

• A. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
• B. You received the goods today and you decide to issue the goods after three days without transferring the ownership.
• C. You received the goods today and for the next one week you do not plan any action on the same.
• D. You received the goods today and after four days you return the material to the supplier.
• E. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
• F. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

Answer: ACE

NEW QUESTION 7
Your client has just set up their chart of accounts. They are now designing the organization hierarchy in the system.
Which three structures should the customer use to do this?

• A. Divisions, Business Units, and Departments
• B. Cost type, Default Cost Structure, and Item Organization
• C. Warehouse, Subinventory, and Locators
• D. Cost Centers, Organizations, and Locations

Answer: A

NEW QUESTION 8
You need to load on-hand balances for go live. Which template should be used for this?

• A. InventoryMiscellaneousTrxTemplate.xlsm
• B. InventoryTransactionImportTemplate.xlsm
• C. InventoryBalanceImportTTemplate.xlsm
• D. InventoryReservationImportTemplate.xlsm
• E. InventoryOnHandBalanceTemplate.xlam

Answer: B

NEW QUESTION 9
A user is performing a material return transaction against excess stock in an Inventory organization; however, the user fails to select the Physical Material Return Required check box.
What happens?

• A. Shipment lines are created.
• B. It is considered as accounting-only return.
• C. A transfer order line remains open.
• D. Stock is reserve

Answer: B

Explanation:
https://docs.oracle.com/en/cloud/saas/supply-chain-managemHYPERLINK "https://docs.oracle.com/en/cloud/saas/supply-chain-management/r13-update17d/famli/scmcloud- using-receiving.pdf"ent/r13-update17d/famli/scm-cloud-using-receiving.pdf
Physical Material Return The Physical Material Return Required check box displays on the Return Lines user interface. If you deselect this field, the return is considered an accounting only return. If you select this field, transactions are created for the physical return of the material. For returns that do not require physical return of material, shipment lines and reservations are not created. The transfer order line is set to a status of closed automatically, and the application does not update the shipped or received quantity. You can use the transfer order document for tax, accounting, and audit trail purposes. For returns that require physical return of material, shipment lines and reservations are created. You can pick, pack, and ship physical material returns.

NEW QUESTION 10
Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer?

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

Answer: CEF

Explanation:
Transaction Processing Mode
You can set processing control globally for all transactions or you can choose different options for each type of transaction. You establish the method of transaction processing by choosing one of the following options when you set up your TP:INV Transaction Processing Mode profile:
On-line processing
Processes transactions while you wait and returns control to you once it finishes.
Background processing
Returns control immediately to you. With this option, Oracle Inventory processes transactions on a periodic basis via the Inventory Transaction Manager.
Immediate concurrent processing
Spawns a concurrent process when you commit the transaction and returns control immediately to you, allowing you to continue working.
Form level processing
Processes transactions using the processing control option you choose for that particular type of transaction. You must also set the Inventory profile options for Inter-Organization Transfer, Miscellaneous Issue and Receipt, Receive Customer Return, Return to Customer, and Transfer Between Subinventories. If you are using Oracle Work-in-Process, you must set the WIP profile options Completion Material Processing, Completion Transaction Form, Material Transaction Form, Move Transaction, Operation Backflush Setup, and Shop Floor Processing. https://docs.oracle.com/cd/E18727_01/doc.121/e13450/T291651T291655.htm

NEW QUESTION 11
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. The Legal Entity Setup is incomplete.
• C. The Business Unit is not enabled for Costing.
• D. There is no Business Unit associated with the Legal Entity.
• E. The General Ledger is not associated with Business Uni

Answer: D

NEW QUESTION 12
You defined an Inventory Organization that is meant to track the contract manufacturing process outsourced to a supplier.
Where do you mention that this Inventory Organization is meant for one particular supplier?

• A. Manage Inventory Organization Locations
• B. Manage Contract Manufacturing Relationships
• C. Manage Item Organizations
• D. Manage Inventory Organizations
• E. Manage Sublnventories

Answer: D

NEW QUESTION 13
A shipment has not yet been created for a pick that you are running. How is the due date calculated?

• A. request date from the order line
• B. earliest acceptable date from the order line
• C. system date
• D. promise date from the order line
• E. schedule ship date from the order line

Answer: E

NEW QUESTION 14
The physical inventory process is Carried out for & particular inventory organization with the following parameter:
* Negative Quantity Tolerance Percentage is set to 10%
* Approval Type = 'Always'
The system says that there are 100 on hand, but you only counted 95. What will happen?

• A. An approval will be required before posting.
• B. The system will ask a user to recount before posting.
• C. Because the 95 is within the 10% tolerance, it will post without approval.
• D. The setup is invalid; it will give an error messag

Answer: D

NEW QUESTION 15
Your organization performs a restock via a transfer order between inventory organizations, using the following parameters tor processing:
Transfer Type: In-transit transfer type Receipt Routing: Standard
Transfer Order Required: Yes
During the process, the receiving organization wants to make a change to the transfer order line. After which fulfillment stage will they no longer be able to change the transfer order?

• A. Ship Confirm
• B. Awaiting Receiving
• C. Awaiting Fulfillment
• D. Closed
• E. Awaiting Billing

Answer: A

NEW QUESTION 16
Your company has multiple inventory organizations where goods are transferred internally. A user has created a new organization but the new organization is unavailable when creating an interorganization transfer.
What is the missing setup?

• A. The source and destination organization doesn't belong to the same legal entity.
• B. Inventory organization data access for users is not set up.
• C. The destination organization transfer type is In Transit.
• D. Interorganization Parameters are not set up between the organizations.

Answer: D

Explanation:

https://docs.oracle.com/cd/A60725_05/html/comnls/us/inv/iorgtrns.htm

NEW QUESTION 17
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 Cycle Count Enabled flag is not selected for the item.
• B. The approval controls are not set up.
• C. The Include in Schedule option is not selected to include the item for auto-scheduling.
• D. The Cycle Count Enabled flag is not selected for the inventory organization.
• E. The ABC assignment group is not define

Answer: CE

NEW QUESTION 18
Your customer has received 50 boxes of item A (priced at $10 per box) and these Items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the Item valuation for Item A is still zero. What is the reason?

• A. Items are not consigned items and ownership is with the organization.
• B. Items are not consigned items but ownership is still with the supplier.
• C. Items are consigned and ownership is transferred to "owned".
• D. Items are consigned items and ownership lies with the supplie

Answer: D

NEW QUESTION 19
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. Transfer Order
• C. Move Request
• D. Miscellaneous Transaction
• E. Requisitions

Answer: A

NEW QUESTION 20
Your organization has lot controlled and nonlot controlled material and stores all defective material in a subinventory called "Defect." The organization does not want defective material to be available for reservations or for subsequent shipping to customers.
Which option satisfies this requirement?

• A. Tag the lot as defective product.
• B. Assign the lot a material status that disallows reservations and allows subinventory transfers and issues to scrap.
• C. Put a hold on the lot.
• D. Disallow all inventory transactions for the subinventory "Defect".
• E. Assign the subinventory a material status that disallows reservations and Allows subinventory transfers and issues to scrap.

Answer: E

NEW QUESTION 21
Which three applications originate a buy request that is received by supply chain orchestration?

• A. Inventory
• B. Accounts Payable
• C. Order Management
• D. Purchasing
• E. Planning
• F. Self Service Procurement

Answer: ACE

NEW QUESTION 22
In the Back-to-Back (B2B) Order to Cash flow, ordered items are purchased from a supplier. The Sourcing Rules have been defined for the item and the buy flow has been initiated. The sales order line is shown as Awaiting Shipping and the supply line status is "In Purchasing" with the supply order generated but the purchase requisition not generating.
What is the reason?

• A. Supply order is generated with exceptions.
• B. Preparer is not valid.
• C. The Sourcing rule is incorrect.
• D. No Blanket Purchase Agreement (BPA) exists for this supplier-item combination.
• E. Buy requests originate from Order Managemen

Answer: D

NEW QUESTION 23
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