1Z0-1065-24 Exam: Absolutely Free Online Practice

Question 1
- A replenishment requisition is created with the following details and imported through an open interface in Oracle Procurement Cloud:
  Requisition date -- 10/10/2012 (DD/MM/YYYY)
  Requisition Business Unit (BU) -- BU1
  Item -- AS16168
  Identify the Blanket Purchase Agreement that the application would select to automatically create a Purchase Order.
  
  A :
  BPA: 9938
  Type: Global BPA
  Effective Dates: 01/09/2012--31/08/2013
  Item: AS16168
  BU: All
  Automatically generate orders flag: Yes
  
  B :
  BPA: 8787
  Type: Local BPA
  Effective Dates: 01/03/2012--31/12/2013
  Item: AS16168
  BU: BU2
  Automatically generate orders flag: No
  
  C :
  BPA: 8837
  Type: Global BPA
  Effective Dates: 01/06/2012--31/07/2013
  Item: AS16167
  BU: BU1
  Automatically generate orders flag: Yes
  
  D :
  BPA: 9986
  Type: Local BPA
  Effective Dates: 01/08/2012--31/10/2013
  Item: AS16168
  BU: BU1
  Automatically generate orders flag: Yes
  
  E :
  BPA: 7998
  Type: Local BPA
  Effective Dates: 01/01/2012--30/09/2012
  Item: AS16168
  BU: BU1
  Automatically generate orders flag: Yes
  
  Answer: D
Question 2
- Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:
  For qualification manager (Vendor development team-VD)
  Independent evaluation (Procurement Department-PD)
  Involvement of internal subject matter experts (SME)
  Identify the correct setup to meet this requirement.
  
  A : itiatives created and owned by VD, internal response and evaluation by SME
  
  B : itiatives created and owned by VD, internal response by SME, and evaluation by PD
  
  C : itiatives created and owned by VD, internal response by PD, and evaluation by SME
  
  D : itiatives created and owned by VD, internal response by VD, and evaluation by SME
  
  Answer: B
Question 3
- 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.
  
  A : nds are insufficient and budget type is ''Track''.
  
  B : nds are insufficient and budget type is ''Advisory''.
  
  C : nds are insufficient and budget type is ''Absolute''.
  
  D :
  Funds are available but the approver is not set up as ''Budget Manager'' for the selected budget for the business unit.
  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
  
  Answer: C
Question 4
- Your customer requires that any approved requisition needs to be reapproved whenever a buyer updates a catalog requisition line during requisition processing.
  Identify the correct setup to fulfill this requirement.
  
  A : the ''Configure requisitioning'' business function, select ''Approval required for buyer modified lines.''
  
  B : ter requisition modification, a buyer needs to reassign the requisition line to the requisition authority for approval.
  
  C : nfigure the PO Approval rule in such a way that buyer-modified requisition lines will go for approval again.
  
  D : nfigure ''requisition approval rule'' to include the ''Approval required for buyer modified lines'' condition.
  
  Answer: A
Question 5
- In which Functional setup Manager task is Next Purchase Order Number set up?
  A : nage Common Options for Payables
  
  B : nfigure Procurement Business Function
  
  C : fine a sequence for auto numbering and assign it back in Configure BU numbering setup
  
  D : nfigure Requisitioning Business Function
  
  Answer: D

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