Free Oracle 1Z0-1065-24 Exam Questions

Question 1

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= $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'

C : 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

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: 01.220.339.00000.000000 To: 01.220.339.99999.000000Location: Amount Limit = $5,000 and Location = Kandy

Answer: B

Question 2

On completion of a Negotiation Award using a negotiation template, you are trying to create a purchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA).

Identify the reason for this.

A : The negotiation outcome is defined as 'Contract Purchase Agreement' in the negotiation template.

B : The negotiation outcome is defined as 'Blanket Purchase Agreement' in the negotiation template.

C : The Business Function for the associated Business Unit is 'Requisition Only' and did not allow Purchase Agreement Generation.

D : The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.Oracle Fusion Purchasingprovides the following purchase order types: purchase order, blanket purchase agreement, and contract purchase agreement.References: Oracle Procurement Cloud Using Procurement (Release 9), page 131

Answer: A

Question 3

During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line type for negotiating terms for future purchase of services and do not have a defined scope of work.

Identify the source that the customer needs to select while creating the line type to meet this requirement.

A : Free form, buy

B : Item, buy

C : Free form, buy agreement

D : Item, buy agreementItem, buy --> Line representing the purchase of an item. Item, buy agreement -->Line representing the negotiated terms for future purchase of an item. Free-form, buy--> Line representing the purchase of services defined by a scope of work. Free-form, buy agreement -->Line representing the negotiated terms for future purchase of services.

Answer: C

Question 4

A supplier sales representative wants to track and manage their agreements and have the ability to add and edit catalog content for agreements online.

Identify two duty roles that accomplish this requirement. (Choose two.)

A : Purchase Order Changes as Supplier Duty

B : Purchase Agreement Viewing as Supplier Duty

C : Contract Terms Deliverables Management Duty

D : Purchase Agreement Changes as Supplier Duty

E : Purchase Document Analysis as Supplier Duty

Answer: C,D

Question 5

In an implementation, the Purchase Requisition users are requesting that they want to receive the purchase orders created for their requisitions. Identify the correct functionality related to this requirement in Cloud Procurement:

A : Requesters cannot receive Purchase Orders

B : Requesters need to be assigned the Warehouse Manager or Receiver role in order to receive Purchase Orders

C : Requesters can receive Purchase Orders using Self Service Receiving

D : Requesters need to be assigned Purchasing Agent role in order to receive Purchase Orders

Answer: C