Oracle Procurement Business Process Foundations Associate Rel 2 (1z0-1112-2) Free Practice Test

Question 1

Identify the correct order of organizing questions in the supplier qualification

A. Initiative - Qualification Area - Qualification Model - Questions

B. Questions - Initiative - Qualification Area - Qualification Model

C. Questions - Qualification Area - Qualification Model - Initiative

D. Qualification Area - Qualification Model - Initiative - Questions

Correct Answer: C

Question 2

Which two steps are required when creating contracts using guided authoring (wizard)?

A. Validate the contract

B. Preview any added clauses

C. Add digital signature

D. Submit the contract for approval

Correct Answer: A,D

Question 3

When receiving items, which THREE destination types can you choose from?

A. Inventory

B. Expense

C. Warehouse

D. Accrual

Correct Answer: A,B,C

Question 4

Which status can the qualification model have?

A. Approved

B. Audited

C. Active

D. Available

Correct Answer: C

Question 5

Which are the final steps in the supplier negotiation life cycle? (Choose two)

A. Identify Suppliers

B. Award

C. Create Purchasing Documents

D. Analyze

Correct Answer: B,C

Question 6

Which of the THREE statements are true about Supplier Negotiation?

A. Internal cost factor can be used to withhold payments

B. Supplier comments can be turned off

C. Existing contracts can be used to create terms

D. Questions are created in the active status by default

E. Qualification area can be reused as the requirement section

Correct Answer: C,D,E

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