Oracle Procurement Cloud 2022 Implementation Professional (1z0-1065-22) Free Practice Test

Question 1

Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Oracle term 'Bid', and that they would like to have all their negotiation documents reflect this terminology. What would you do to meet this requirement?

A. Customize the Descriptive Flexfield.

B. Create a Negotiation Style

C. Create a Negotiation Type.

D. Create a Purchasing Document Style.

E. Create a Negotiation Template.

Correct Answer: B

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Question 2

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, select the Routing type as Serial, 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, enter Approve in the auto action field, 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, set the Auto Action Enabled option to True, and then enter Approve in the auto action field.

Correct Answer: D

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Question 3

You have the following business requirements while configuring applications with related roles:
When creating an implementation project, you want to see the list of Offerings and Functional Areas that are configured for the project.
You want to identify which stage are all Offerings and Functional Areas in.
Identify two setups that fulfill these requirements. (Choose two.)

A. You should change the Provisioned to "No" to specify the Offering that you want to choose while create an implementation project.

B. You should select the "Enable for Implementation" check box to specify the Options.

C. You should have an IT Security role in order to fulfill these requirements.

D. Although the Offering configuration can be changed any time, the changes will influence any of the existing implementation task lists.

E. After implementation tasks, you should set the status to "In Progress" or "Implemented".

Correct Answer: B,E

Question 4

Identify the THREE functions that a Buying Organization is able to perform after it provides its Suppliers the access to the 'Supplier Portal' :

A. Collect information about prospective suppliers through a self-guided registration flow

B. Import supplier data and related entities

C. Consolidate suppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions

D. Create Negotiation flow internally on behalf of prospective suppliers

E. Evaluate prospective suppliers by routing their registrations through a collaborative review process using a flexible rules engine

Correct Answer: A,D,E

Question 5

Identify three application standard sequence for the in the Setup and Maintenance task list 'Define Supplier Configuration'. (Choose three.)

A. Manage Requirement Section Lookup

B. Minority Group Lookup

C. Business Classification Lookup

D. Manage Freight Terms Lookup

E. Tax Organization Type Lookup

F. Manage FOB Lookup

Correct Answer: B,C,E

Question 6

Identify the statement that is not valid for Oracle Cloud Procurement Contracts

A. The Contracts terms template defines pre-approved boiler plate for the type and circumstances for the contract

B. Allows you to capture any change in Terms & Conditions of Contract in MS Word

C. Allows you to publish Contracts on Social Networks

D. The Contracts terms template drives rules to help you follow company policy

Correct Answer: C

Question 7

Your customer wants to use the Negotiations Online message functionality to interact with suppliers participating in a negotiation.
Identify three features of the Negotiation Online message functionality.

A. Suppliers can raise clarifications for an auction online and you can respondwith answers online.

B. The online messages will be retained for future reference and audit trail.

C. You can send SMS to suppliers.

D. You can add attachments in the message.

E. You can do online chatting.

Correct Answer: A,B,D

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Question 8

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 (Chart of Accounts) format is: Company.Business Unit.Cost Center.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 = $6,600.00Location: Amount Limit = $6,600 and Location = KandyCategory Range: Amount Limit = $10,000Category Range: From: X.Supplies To: Office.Supplies

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

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

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

Correct Answer: E

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Oracle Procurement Cloud 2022 Implementation Professional (1z0-1065-22) Free Practice Test