Free Oracle Procurement Cloud 2020 Implementation Essentials Exam 1Z0-1065-20 Exam Practice Test

You are implementing Cloud Procurement contracts and during user acceptance testing, the user would like to create clauses in the Cloud applications similar to what were available in their legacy Contract application.Identify two ways to create clauses as per their requirement. (Choose two.)

• Manage Contract Standard Clauses from Functional Setup Manager.
  
• Create Clauses from the Contracts workarea page.
  
• Manage Contract Standard Clauses, Templates, and Profiles from Functional Setup Manager.
  
• Import Clauses from the Contracts workarea page.
  https://docs.oracle.com/en/cloud/saas/procurement/20a/fasca/setting-up-contract-terms-and-clause-library-configurations.html#FASCA26889
  The clause is the basic building block of both the terms library and contracts in general. Using the Create Clause task in the Terms Library work area the following steps summarize the creation of a clause. See the related links section for a detailed demonstration. https://docs.oracle.com/en/cloud/saas/procurement/20a/fasca/setting-up-contract-terms-and-clause-library-configurations.html#FASCA165341
  You can import clauses, values sets, and manual user variables from external sources into the Contract Terms Library by using interface tables. You can either load your data directly into the interface tables using SQL*Loader, PL/SQL scripts, or JDBC, or you can import the data from an XML file by running the processes described in this topic.
  

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 should you do to meet this requirement? (Choose the best answer.)

• Customize the Descriptive Flexfield.
  
• Create a Negotiation Type.
  
• Create a Purchasing Document Style.
  
• Create a Negotiation Style.
  
• Create a Negotiation Template.
  

An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service.How do you model this requirement using external supplier registration and supplier qualification management?

• External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
  
• External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation
  
• External Supplier registration-Spend Authorized > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
  
• External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative
  You can choose to register the new supplier as a prospective supplier or a spend authorized.
  If you register the company as a prospective supplier, the supplier can participate as soon as its registration is approved. A prospective supplier can receive invitations, view a negotiation and respond. You can award the supplier business, but you cannot issue a purchase document for the supplier until it is approved for conducting financial transactions with your buying organization.
  

During your fusion procurement implementation one of the requirements of your customer is to accrue the expenses on receipt. To fulfill this requirement, you have been asked to setup Expense Accruals to accrue 'At Receipt'. Where will you configure this flag ?

• Common Payables and procurement options for Procurement business unit
  
• Configure requisitioning business function for requisitioning business unit
  
• Configure procurement business function for procurement business unit
  
• Supplier site assignment for the supplier site
  
• Common Payables and procurement options for Sold-to Business unit Correct
  

An organization implementing Supplier Qualification Management has multiple procurement business units: PR BU1, PR BU2, and PR BU3. The Corporate head office (CORP BU) is also defined as one of the procurement business units.The organization wants to maintain and manage the Qualification area-A for use by all the procurement business units, but wants the Qualification area-B to be used only by CORP BU and PR BU1.Identify two setups to fulfill this requirement. (Choose two.)

• Create the Qualification area-A in PR BU2 and select PR BU3.
  
• Create the Qualification area-B in CORP BU and select PR BU1.
  
• Create the Qualification area-A in CORP and select the ''Global'' check box.
  
• Create the question in CORP BUand select the ''Global'' check box.
  
• Create the Qualification area-B in CORP BU and select the ''Global'' check box.
  

Identify four actions that the Manage Requisition Approval task enables you to perform.

• enable or disable a participant
  
• define rule actions by using Supervisory Hierarchy or Position Hierarchy
  
• create rules by using simple or nested conditions
  
• register an internal and external Supplier
  
• maintain user-defined attributes and use these attributes with rules
  

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

• The Contracts terms template defines pre-approved boiler plate for the type and circumstances for the contract
  
• The Contracts terms template drives rules to help you follow company policy
  
• Allows you to capture any change in Terms & Conditions of Contract in MS Word
  
• Allows you to publish Contracts on Social Networks
  

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.

• Set the Document Total object to include an amount limit of $5,000.00.
  
• 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'
  
• 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
  
• 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
  
• 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
  

Identify two profile options that are required to configure Punchout Catalogs in Self Service Procurement. (Choose two.)

• POR_PROXY_SERVER_NAME
  
• PO_DEFAULT_PRC_BU
  
• POR_DISPLAY_EMBEDDED_ANALYTICS
  
• PO_DOC_BUILDER_DEFAULT_DOC_TYPE
  
• POR_PROXY_SERVER_PORT
  POR_PROXY_SERVER_NAME and POR_PROXY_SERVER_PORT profile needs to be configured if Oracle is connecting to external or transparent punchout.
  

You have defined your negotiation style and named it 'ABC negotiation style'. Subsequently, you try to add collaboration team members on a negotiation that is based on the 'ABC negotiation style' and find that the 'Collaboration Team' field is disabled. Identify the cause.

• The 'Requirements and Instructions' checkbox is unchecked in the style.
  
• The 'Collaboration Team' checkbox is unchecked in the style.
  
• Cost factors are not set up for negotiations for participants, causing no collaboration to negotiate cost.
  
• Online collaboration is visible only to the Requisition Preparer.