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Home Oracle 1z0-343

Oracle 1z0-343 Exam Practice Questions (P. 4)

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Question #16
A client transfers inventory between warehouses within the same company. Both warehouses carry the inventory at the same cost. In the journal entries for the transfer, the client finds that the batch amount is blank.
Identify the correct reason why this happened.
  1. A
    The client should reverse the transfer transaction, create an issue to remove quantity from the old location, and then create an adjustment to add quantity to the new location.
  2. B
    The AAIs are set up incorrectly. Correct the AAIs so that the journal entry amount will appear.
  3. C
    No correction is necessary. A batch with a blank amount is correct.
  4. D
    The cost is incorrect for one of the warehouses. The client should reverse the transfer, verify the cost, and re-enter the transaction.
  5. E
    The client should carry the inventory cost at different amounts for each warehouse. This approach ensures that a variance journal entry is created.

Correct Answer:
C

Question #17
Your client wants to set up a process for customers who were accidentally sent the wrong item.
What is the correct way to do this?
  1. A
    Create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.
  2. B
    Set up the Returned Material Authorization process to create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and purchase order for the incorrectly shipped item.
  3. C
    Create a no-charge sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and perform an Inventory Adjustment when the incorrectly shipped items arrive.
  4. D
    Create a sales order for the replacement item and make journal entries to write off the incorrectly shipped.

Correct Answer:
A

Question #18
Your client is being charged a warehouse storage fee equal to 10% of the brokerage fees that are already included in the landed costs setup.
How should you set up the landed costs to accomplish this?
  1. A
    Attach a second landed cost rule to the item.
  2. B
    Add another cost level to the Landed Cost table with a percentage of cost equal to 10% and a based-on level pointing to the brokerage fee line.
  3. C
    Set up the warehouse storage fee by specific item number.
  4. D
    Add another cost level to the landed cost table with a percentage of cost equal to 10%.
  5. E
    Increase the cost level line for brokerage fees by 10%.

Correct Answer:
B

Question #19
For a defined group of items, the unit cost on a purchase order cannot deviate from the standard cost by more than 2%.
Where should this be defined?
  1. A
    Set the tolerance processing option in the Receipts program to 2%.
  2. B
    Set the tolerance for the company to 2% in Tolerance Rule Setup.
  3. C
    Set the tolerance for the item group to 2% for Unit Cost in Tolerance Rule Setup.
  4. D
    In the Item Branch/Plant, set the tolerance to 2%.
  5. E
    Set up an order hold code for 2% tolerance.

Correct Answer:
C

Question #20
Your client’s pricing for a customer order is not calculating correctly.
Which option represents the most detailed price setup?
  1. A
    Customer and Item
  2. B
    Customer Group and Item Group
  3. C
    Customer group and item
  4. D
    all customers and Item

Correct Answer:
C

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