Oracle Fusion Procurement 2014 Essentials (1z0-470) Free Practice Test

Question 1

At your client location, the marketing manager wants to run reports and analytics based on procurement subject areas, but he should not be able to view purchase orders. Which procurement role should you assign to him?

A. Purchasing Manager

B. Procurement Agent

C. Finance Manager

D. Purchase Analysis

Correct Answer: A

Question 2

Your customer tells you that when they cancel a Purchase Order, the requisition referring to that Purchase Order should also be automatically canceled. Identify the setup that needs to be performed to fulfill this requirement.

A. In the "Configure Procurement Business Function" task, select the "Allow Item Description Update" check box.

B. In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Never.

C. Automatic cancellation of requisition is not possible. Therefore, the customer must manually cancel the requisition after canceling the Purchase Order.

D. In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Always.

E. In the "Configure Requisitioning Business Function" task, select the "Create orders immediately after requisition import" check box.

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 3

After gathering requirements from the business leads of customer organization, you have set up the Bill-to location at multiple places during Fusion Procurement Implementation. Identify the source from which the purchase order defaults the Bill-to location.

A. From the 'Configure Requisitioning business function'

B. From the 'Common Payables and Procurement options' first and if it is 'Null' then from 'Supplier site assignment'

C. From the Business Unit setup

D. Fromthe'Supplier site assignment' first and if it is 'Null' then from 'Common Payables and Procurement options'

E. From the 'Configure Procurement business function'

Correct Answer: E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 4

What is required to make data available in Oracle Fusion Procurement Transactional Business Intelligence graphs?

A. Schedule concurrent requests to run every hour.

B. No need to schedule anything; data will be populated in real time.

C. Schedule ESS jobs to run according to customer requirements.

D. Configure the Extract Transform and Load tool and data will be populated in real time.

Correct Answer: B

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 5

When creating a non catalog requisition, a requester checks the 'NEW Supplier' checkbox. By checking this checkbox, the user is _______.

A. triggering an automated process to intimate a new supplier to register with the user's company

B. triggering an automated process to create a new supplier

C. suggesting a possible new supplier that requires further action by the Buyer and the Supplier Administrator

D. required to execute an ESS job to initiate the supplier registration process

Correct Answer: D

Question 6

Your customer organization is headquartered in Toronto, and has three manufacturing facilities in Mexico, Taiwan and Austria. The raw material requirements for these three manufacturing units are consolidated and procured from Mexico through the Mexico procurement division. Identify an appropriate way to model this scenario in Fusion Procurement?

A. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Toronto

B. Requisitioning BU: Toronto and Procurement BU: Mexico

C. Requisitioning BU: Toronto, Taiwan, Austria and Procurement BU: Mexico

D. Requisitioning BU: Toronto and Procurement BU: Toronto

E. Requisitioning BU: Mexico, Taiwan, Austria and Procurement BU: Mexico

Correct Answer: E

Question 7

Which two job roles can access the Procurement Dashboard?

A. Procurement Requester

B. Procurement Preparer

C. Procurement Manager

D. Category Manager

E. Buyer

Correct Answer: B,C

Welcome to TestSimulate

Oracle Fusion Procurement 2014 Essentials (1z0-470) Free Practice Test