Oracle Inventory Cloud 2020 Implementation Essentials (1z0-1073-20) Free Practice Test

Question 1

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 the same inventory organization.
Which serial control setting must be used to meet this requirement?

A. Unique within Item and organization

B. Unique across Enterprise

C. Unique across organizations

D. Unique within items

E. Unique within organization

Correct Answer: E

Question 2

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

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

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

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

Correct Answer: D

Question 3

A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them.
Which type of execution document can fulfill the supply request?

A. Sales Order

B. Purchase Order

C. Purchase Requisitions

D. Transfer Order

Correct Answer: D

Question 4

Which three statements about project specific picking process are correct? (Choose three.)

A. Picks can be searched by project and task number.

B. Picks with same project and task can be grouped to single pick slip.

C. Shipment lines with project task can be created in shipping organization not enabled for projects.

D. Pick release of movement request allocates common inventory prior to project specific inventory.

Correct Answer: A,B,D

Question 5

Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

A. Chart of Accounts, Ledger Balance, and Accounting Method

B. Chart of Accounts, Accounting Calendar, and Currency

C. Currency, Description, and Accounting Method

D. Chart of Accounts, Description, and Accounting Method

Correct Answer: B

Question 6

For an Item to be enabled for back-to-back order process, which attribute do you need to set?

A. Item attribute: Allow purchase orders off of sales orders

B. Organization attribute: Allow Reservations

C. Item attribute: Back-To-Back Enabled

D. Organization attribute: Allow Back to Back Processing

E. Item attribute: Reservations Enabled

Correct Answer: C

Question 7

A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?

A. The Business Unit is not enabled for Costing.

B. The Legal Entity Setup is incomplete.

C. There is no Inventory Validation Organization defined.

D. The General Ledger is not associated with Business Unit.

E. There is no Business Unit associated with the Legal Entity.

Correct Answer: E

Question 8

You face a supply request exception due to some reason. You realize that you need to make some changes to the Manage Supply Request Exceptions page.
Which action will you perform?

A. Update the supply request and submit it. The errors will be resolved automatically.

B. The supply request can be updated using a third-party application only.

C. The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.

D. Update the supply request and make sure errors are resolved before resubmitting it.

Correct Answer: C

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Oracle Inventory Cloud 2020 Implementation Essentials (1z0-1073-20) Free Practice Test