Oracle Fusion Procurement 2014 Essentials (1z1-470) Free Practice Test

Question 1

Your customer has requested you to set up a Procurement Business Unit to serve the procurement needs of various Requisitioning Business Units. How would you set up the Shared Procurement model in Fusion Procurement?

A. by setting up the Default Procurement BU in the Requisitioning Business Function

B. by setting up aService Provider relationship in the Business Unit setup

C. by providing a default Business Unit in the Procurement Agent setup

D. by setting up a Procurement Business Unit and a Requisitioning Business Unit in the Functional Setup Manager

Correct Answer: B

Question 2

In Self Service Procurement, a user is not able to search for the Inventory Item "Play Station 2".Identify three configuration issues that could be causing this problem.

A. The "Play Station2" Item does not belong to any Purchasing Category.

B. The "Play Station2" Item has not been marked as a "Purchased" item within the Purchasing operational attribute group.

C. "Play Station2" is defined as "BOM Enabled" in PIM.

D. "Play Station2" is not defined as a "Transactable" item in PIM.

E. The "Play Station2" Item is not part of any Procurement catalog.

Correct Answer: B,C,E

Question 3

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 4

Which sequence of steps should you follow to configure an approval rule to automatically
approve without being sent to an approver?

A. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabledoption to True.

B. Create the routing for the rule so that it is sent to the initiator, set the Auto ActionEnabledoption to True, and then enter Approve in the auto action field.

C. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabled option to True.

D. Create the routing for the rule so that it is sent to the initiator, enter Approve in the auto action field, and then set the Auto Action Enabled option to True.

Correct Answer: B

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Question 5

Your customer has defined some new roles for specific organizational needs. Where would you assign these additional roles?

A. Fusion Identity Manager (FIM) > Provision Roles screen

B. Fusion Human Capital Management (HCM)

C. Fusion ApplicationsPolicy Manager (APM)

D. Fusion Functional Setup Manager (FSM) > Manage Users task

Correct Answer: D

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Question 6

A customer's procurement manager has the authority to approve office supply Purchase Orders up to $6,600.00. For all other types of Purchase Orders, there is no approval hierarchy.
The customer is located in Kandy and the purchasing category for office supplies is Office Supplies. The COA format is: Company.BusinessUnit.CostCenter.Account. The future and segment values are 01 for the company, 220 for the Business Unit, 339 for the cost center, 67887 for the account, and the future is always 000000.
Identify the approval group setup that would enable this purchasing practice.

A. Set the Document Total object to include an amount limit of $5,000.00.

B. Document Total: Amount Limit = $0.00 AccountRange: Amount Limit = $6,600 Account Range: From: 01.220.339.00000.000000 To: 01.220.339.99999.000000 Location: Amount Limit = $5,000 and Location = Kandy

C. Document Total: Amount Limit = $6,600.00 Location: Amount Limit = $6,600 and Location= Kandy Category Range: Amount Limit = $10,000 Category Range: From: X.Supplies To: Office.Supplies

D. Document Total: Amount Limit = $0.00 Account Range: Amount Limit = $6,600 Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000 Category Range: Amount Limit = $6,600 Category Range: From: Office.Supplies To: Office.Supplies Requisition Document Type setup = 'Owner can Approve'

E. Document Total: Amount Limit = $0.00 Account Range: Amount Limit = $6,600 AccountRange:From: 01.220.339.67887.000000 To: 01.220.339.67887.000000 Category Range: Amount Limit = $6,600 Category Range: From:Office.Supplies To: Office.Supplies

Correct Answer: D

Question 7

Identify two Business Intelligence metrics that help users to compare prices through Oracle Sourcing.

A. Realized savings

B. Price change

C. Projected savings

D. PO Price savings

Correct Answer: B,D

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Oracle Fusion Procurement 2014 Essentials (1z1-470) Free Practice Test