Oracle Procurement Cloud 2021 Implementation Essentials (1Z0-1065-21) Free Practice Test

Question 1

Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Cloud Procurement.

A. Tax Classification

B. Price

C. Item

D. PaymentTerms

E. Location

Correct Answer: C,D,E

Question 2

Identify the functionality of Self Service Procurement that allows a Requester a 360-degree view of any purchasing document, such as a Requisition or PO.

A. Manage Train Stops

B. Workflow administration

C. View pdf

D. Manage Life Cycle

E. View Full Details

Correct Answer: D

Question 3

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 Enabled option to True.

B. 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.

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

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

Correct Answer: C

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

Question 4

Which two profile options are required to configure Punchout Catalogs in Self Service Procurement?

A. PO_DOC_BUILDER_DEFAULT_DOC_TYPE

B. POR_DISPLAY_EMBEDDED_ANALYTICS

C. POR_PROXY_SERVER_NAME

D. PO_DEFAULT_PRC_BU

E. POR_PROXY_SERVER_PORT

Correct Answer: C,E

Question 5

You are in negotiations with a set of suppliers. After the award process was completed, you were told that none of the suppliers received any email notification. Identify two applicable reasons for this.

A. The email notification server was not configured.

B. Notifications can be sent only while inviting suppliers and not when awarding them.

C. Fusion Security restricts external email communication.

D. The Do Not Notify Suppliers check box was selected.

E. The Share Award Decision check box was not selected during completion of the award.

Correct Answer: C,D

Question 6

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

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

Question 8

Identify the Three entities from which a Negotiation can be created

A. Supplier RegistrationRequest

B. Purchase Order Lines

C. Outcome of another Negotiations

D. Requisition Lines

E. Expiring Blanket Purchase Agreement

Correct Answer: C,D,E

Question 9

Identify the setup that allows news and information of interest to be published to suppliers through the Oracle Supplier Portal Cloud.

A. setting up Specify Supplier News Content in the Functional Setup Manager

B. enabling feed from social media sites such as Facebook, Twitter, and so on using 'Manage Common Options for Purchasing'

C. enabling RSS feed from a customers corporate web portal

D. configuring the "News Broadcast" field using the 'Manage Supplier' task

Correct Answer: A

Question 10

Identify two control option that are enabled when a buyerselects the 'Group requisition lines' field while creating a Blanket Purchase Agreement. (Choose two.)

A. Group requisitions

B. Use ship-to organization andlocation

C. Use need-by date

D. Automatically submit for approval

E. Apply price updates to existing orders

Correct Answer: A,B

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

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Oracle Procurement Cloud 2021 Implementation Essentials (1Z0-1065-21) Free Practice Test