1Z0-1073-22 Online Practice Questions and Answers

Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.

What is the process of returning the material?

A. Return the material and create a debit memo for the supplier.

B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

C. You have to transfer the ownership of item and perform the return transaction.

D. You have to cancel the invoice and send the material back without changing the ownership.

As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.

How do you achieve this?

A. It is not possible to define an Inventory Organization that is associated with more than one business unit.

B. Define the Inventory Organization without associating it with any location.

C. Leave the Management Business Unit field blank in the Inventory Organization definition.

D. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.

Your customer is a very large organization spanning across multiple countries. Their legal requirements, Human Resource Policies, and Functional Currencies for Ledger are different for each country. Your customer wants to maintain 10 different companies in the system.

Which combination meets this requirement?

A. 1 Enterprise, 10 Divisions, where each division has its own legal entity and ledger

B. 10 Enterprises, 10 Divisions, where each division has its own legalentity and ledger

C. 1 Enterprise, 10 Divisions, where each division has its own ledger with common legal entity across all divisions

D. 10 Enterprises, 1 Division, where each division has 10 legal entities and 1 ledger

Identify the availability type that is applicable for the item quantities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

A. Available

B. Secondary Available Quantity

C. Reserved

D. On Hand

E. Secondary On-hand Quantity

Identify the correct sequence of consigned inventory process flow.

A. Consumption advice sent to supplier ?Consignment order sent to supplier ?Consignment agreement creation ?Consigned inventory received by buyer

B. Consignment order sent to supplier ?Consignment agreement creation ?Consigned inventory received by buyer?Consumption advice sent to supplier

C. Consignment order sent to supplier ?Consignment agreement creation ?Consumption advice sent to supplier ?Consigned inventory received by buyer

D. Consignment agreement creation ?Consignment order sent to supplier ?Consigned inventory received by buyer ?Consumption advice sent to supplier

Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer,you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.

1.All their procurement, payables, and distribution activities take place from USA. 2.They have a central warehousein USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units. 3.For requesting material they have two units. One located in USAthat monitors the current stock. They are responsible for creating requisition for any material shortage in USA. They have another location in Canada for requesting material.

Which setup fulfills this scenario?

A. BU1: USA - as procurement business unit(BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unit Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit

B. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payablesservice provider for only Canada requisitioning Business Unit

C. BU1: USA - as procurement and requisitioning Business Unit (BU) BU2: Canada - as requisitioning Business Unit Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit

D. BU1: USA - as procurement business unit (BU) BU2: Canada - as requisitioning business unit BU3: USA - as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units

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 organizations apart from thereceived 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.

What is the reason?

A. Items are consigned and ownership is transferred to "owned".

B. Items are consigned items and ownership lies with the supplier.

C. Items are not consigned items but ownership is still with the supplier.

D. Items are not consigned items and ownership is with the organization.

Your customer is setting up serial control. The requirement is that if item A has serial 123, then they do not want item B to also have serial 123 within thesame inventory organization.

Which serial control setting must be used to meet this requirement?

A. Unique within items

B. Unique across Enterprise

C. Unique across organizations

D. Unique within organization

E. Unique within Item and organization