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Oracle 1z0-1112-2 Oracle Procurement Business Process Foundations Associate Rel 2 Exam Practice Test

Demo: 15 questions
Total 55 questions

Oracle Procurement Business Process Foundations Associate Rel 2 Questions and Answers

Question 1

Which TWO activities are part of the Requisition to Receipt lifecyle?

Options:

A.

Create Contract

B.

Receive Goods

C.

Pay Supplier

D.

Create Purchase Order

Question 2

Which status can the qualification model have?

Options:

A.

Audited

B.

Active

C.

Available

D.

Approved

Question 3

Which THREE attributes can be used as selection criteria when submitting payment process request?

Options:

A.

Pay Through Date

B.

Pay Groups

C.

Invoice Type

D.

Supplier Type

E.

Payment Terms

Question 4

Your organization requires only the best bid value to be shared with your supplier in negotiation Identify the TWO correct configurations to achieve this.

Options:

A.

Enable response rule - Display best price to suppliers

B.

Set response visibility to blind

C.

Enable response rule - Display overall rank to suppliers

D.

Enable response rule - Display all responses to suppliers

E.

Set response visibility to competitive

F.

Set response visibility to sealed

Question 5

Which of the following can be tracked in the purchase order life cycle? (Choose two)

Options:

A.

Trend statistics

B.

Receipts

C.

Amendments

D.

Invoices

Question 6

Which two statements are true about supplier registration by a Supplier Self Service Administrator?

Options:

A.

At least one address is required to complete supplier registration

B.

A supplier is automatically created on submitting the registration request

C.

Business classification is mandatory to complete supplier registration

D.

DataFox Supplier Intelligence autosuggests previously validated suppliers

Question 7

Which THREE can be captured on Invoice Header while recordinga invoice in the Payables application?

Options:

A.

Invoice amount

B.

Supplier details

C.

Distribution combination

D.

Integration details with other applications

E.

Invoice number

Question 8

When creating contract terms template you wish to add a clause; but the clause isn't available in the list to be selected.

What is the likely reason for this?

Options:

A.

The clause has to be activated to be available in the list

B.

The clause has to be saved to be available in the list

C.

The clause has to be approved to be available in the list

D.

The clause has to be in draft to be available in the list

Question 9

Which options do you select on the Requisition Preferences page? (Choose two)

Options:

A.

Preferred carrier for transporting goods

B.

Favorite charge accounts for billing purposes

C.

Shipping and delivery preferences

D.

Role

Question 10

What status can negotiations have? (Choose two)

Options:

A.

Award in progress

B.

Closed

C.

Invalid

D.

Expired

Question 11

Which of the following are key life cycle tasks for supplier agreements? (Choose two)

Options:

A.

Track agreement execution status

B.

Define supplier payment terms

C.

Control downstream activities

D.

Define supplier performance criteria

Question 12

In relation to receipt routing; how many steps are there in the Inspection Required receiving process?

Options:

A.

Three

B.

One

C.

Two

D.

Four

Question 13

Which THREE attributes can be used when creating approval rules?

Options:

A.

Ordered amount

B.

Requisition amount

C.

Category

D.

Retroactive price

E.

Sourcing amount

Question 14

Steve has recorded an invoice with the Header amount as USD 2000 and Line amount as USD 200. Identify the hold reason that the system apply during the initial validation of this invoice.

Options:

A.

Ordered Quantity

B.

Line Variance

C.

Distribution Variance

D.

Received Quantity

Question 15

Which components are contained in the contract terms library? (Choose two)

Options:

A.

Sections

B.

Supplier Organization

C.

CRM Attributes

D.

Clauses

Demo: 15 questions
Total 55 questions