Oracle 1Z0-1073-23 Practice Exam – 81 Unique Questions [Q16-Q30]

QUESTION 16
Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.

Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.

If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction “Transfer Order Issue”.

Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.

If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.

QUESTION 17
What are the two scenarios that allow you to update the lot control option for an item?

Item has zero on-hand quantity.

No open internal order exists for the item.

No open sales order exists for the item.

Item material status is Active.

QUESTION 18
Which two tasks must be defined to set up the Facilities Schedule?

Manage Facility Time Cards

Manage Facility Operations

Manage Facility Workday Patterns

Manage Facility Shifts

Manage Facility Holidays

QUESTION 19
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?

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

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

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

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

QUESTION 20
The physical inventory process is carried out for a particular inventory organization with the following parameters:
Negative Quantity Tolerance Percentage is set to 10%
Approval Type = ‘Always’
The system says that there are 100 on hand, but you only counted 95. What will happen?

The system will ask a user to recount before posting.

The setup is invalid; it will give an error message.

Because the 95 is within the 10% tolerance, it will post without approval.

An approval will be required before posting.

QUESTION 21
What are the four steps for the move request process flow? (Choose four.)

Physically move the material

Confirm pick slips

Create shipment

Run pick slip allocation

Run the Movement Request Pick Slip Report

Create Movement Request

QUESTION 22
Your client wants certain inventory items of high importance to be counted periodically to improve the average level of inventory accuracy.
What type of counting would you recommend?

Serialized Count

Manual Count

Cycle Count

Blind Count

Zero Quantity Count

QUESTION 23
Identify the availability type that is applicable for the item quantities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

Secondary Available Quantity

Secondary On-hand Quantity

On Hand

Reserved

Available

QUESTION 24
Your client has just set up their chart of accounts. They are now designing the organization hierarchy in the system.
Which three structures should the customer use to do this?

Warehouse, Subinventory, and Locators

Divisions, Business Units, and Departments

Cost type, Default Cost Structure, and Item Organization

Cost Centers, Organizations, and Locations

QUESTION 25
Which attribute value allows usage of common inventory for project specific demand?

Allow use of common supplies : Null and Hard Pegging Level : None

Allow use of common supplies : No and Hard Pegging Level : Project Group

Allow use of common supplies : No and Hard Pegging Level : Project and Task

Allow use of common supplies : Null and Hard Pegging Level : Project Group

QUESTION 26
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?

Unique across Enterprise

Unique within items

Unique across organizations

Unique within organization

Unique within Item and organization

QUESTION 27
In Supply Chain Orchestration, Automated Change Management performs which two functions?

splitting of a sales order

changing the ship method on a sales order

changing the supplier on a purchase order

change to item attributes

change to need by dates of a purchase order

QUESTION 28
Your customer has a complex financial reporting structure.
Which three elements should you define first in order to form a basis for this reporting?

Tax, Legal, and Industry

Managerial, Operational, and Industry

Legal, Managerial, and Functional

Legal, Autonomy, and Operational

QUESTION 29
Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer, you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.
1) All their procurement, payables, and distribution activities take place from USA.
2) They have a central warehouse in USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units.
3) For requesting material they have two units. One located in USA that monitors the current stock. They are responsible for creating requisition for any material shortage in USA. They have another location in Canada for requesting material.
Which setup fulfills this scenario?

BU1: USA – as procurement business unit (BU) BU2: Canada – as requisitioning business unit BU3: USA – as requisitioning business unitDefine Service provider relationship where USA procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit

BU1: USA – as procurement business unit (BU) BU2: Canada – as requisitioning business unit BU3: USA – as requisitioning business unitDefine Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit

BU1: USA – as procurement business unit (BU) BU2: Canada – as requisitioning business unit BU3: USA – as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units

BU1: USA – as procurement and requisitioning Business Unit (BU) BU2: Canada – as requisitioning Business UnitDefine Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit

QUESTION 30
Which three values are applicable for the profile option – “Transaction Processing Mode” for subinventory transfer and interorganization transfer? (Choose three.)

Blind Processing

Concurrent Processing

Sequential Processing

Background Processing

Online Processing

Offline Processing