Oracle 1z0-327 Exam Practice Questions (P. 4)
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Question #16
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.
Identify the cause of this error.
- AFunds are available but the approver is not set up as "Budget Manager" for the selected budget for the business unit.
- BFunds are insufficient and budget type is "Track".
- CFunds are insufficient and budget type is "Absolute".
- DFunds are insufficient and budget type is "Advisory".
Correct Answer:
C
The options for budgetary control settings are as follows: Absolute, Advisory, end None
Absolute: If Absolute is entered, the transaction is rejected unless funds are available.
Advisory: If Advisory is entered, the transaction is approved even when no funds or insufficient funds are available.
None: If None is entered, all transactions are approved and there is no funds check.
References:
https://docs.oracle.com/cd/E18727_01/doc.121/e13567/T237204T237227.htm
C
The options for budgetary control settings are as follows: Absolute, Advisory, end None
Absolute: If Absolute is entered, the transaction is rejected unless funds are available.
Advisory: If Advisory is entered, the transaction is approved even when no funds or insufficient funds are available.
None: If None is entered, all transactions are approved and there is no funds check.
References:
https://docs.oracle.com/cd/E18727_01/doc.121/e13567/T237204T237227.htm
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Question #17
An organization has been receiving incomplete Supplier Profile Data during the supplier onboarding and qualification process.
Identify the way to ensure that the required Supplier Profile data is entered by a supplier during the qualification process.
Identify the way to ensure that the required Supplier Profile data is entered by a supplier during the qualification process.
- ACreate an initiative with questions mapped to supplier attributes.
- BCreate an initiative with questions classified by Subject.
- CCreate an initiative with questions classified by Standards Organization.
- DCreate an initiative with questions Responder Type is internal.
Correct Answer:
A
A
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Question #18
Which option would the application first look at to default the Location field in the Purchase Order Line?
- APurchase Order Header
- Bsupplier site assignment record of the supplier site in the Requisitioning BU
- CBU assignment record of the source agreement that corresponds to the Requisitioning BU
- D"Requisitioning Business Function Configuration" task of the Requisitioning BU
Correct Answer:
D
Default Ship-to Location (If only Services, the attribute name is Default Work Location)
1. Supplier Site Assignment record in the Requisitioning BU
2. Requisitioning Business Function Configuration of the Requisitioning BU
References:
https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007479AN1AB12.htm
D
Default Ship-to Location (If only Services, the attribute name is Default Work Location)
1. Supplier Site Assignment record in the Requisitioning BU
2. Requisitioning Business Function Configuration of the Requisitioning BU
References:
https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007479AN1AB12.htm
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Question #19
Your customer requires that a consignment order should automatically get created whenever a self-service requester creates a purchase requisition.
Identify the setup required to fulfill this requirement.
Identify the setup required to fulfill this requirement.
- ASelect the "Source from consignment" check box and set "Urgent" to "Yes" during requisition creation through self-service.
- BEnable all the requisition line items to be sources from the consignment source.
- CCreate a consignment agreement with touchless buying options enabled in the Controls tab to automatically generate orders.
- DAssign all the requisition line to the consignment buyer.
Correct Answer:
A
How can I create a purchase order for consignment inventory items?
You begin by creating a purchase order with a document style for a consignment order.
Choose your consignment supplier and add the consignment items for this order.
Verify that the items were sourced by a consignment agreement and that Consignment Line is checked on the line.
Submit the order for approval.
References:
https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007479.htm
A
How can I create a purchase order for consignment inventory items?
You begin by creating a purchase order with a document style for a consignment order.
Choose your consignment supplier and add the consignment items for this order.
Verify that the items were sourced by a consignment agreement and that Consignment Line is checked on the line.
Submit the order for approval.
References:
https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC1007479.htm
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Question #20
Identify five business functions that must be configured in order to implement a complete Procure-to-Pay business process in Oracle Procurement Cloud.
- AIncentive Compensation
- BReceiving
- CInvoicing
- DPayments
- EInventory
- FPurchasing
- GRequisitioning
Correct Answer:
BCEFG
BCEFG
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