Purchase Oracle : 1z1-470 Exam Materials and then pass exam easily

Oracle 1z1-470 Exam Overview:

Oracle 1z1-470 Exam Syllabus Topics:

Oracle Fusion Procurement 2014 Essentials Sample Questions:

1. Your customer tells you that when they cancel a Purchase Order, the requisition referring to that Purchase Order should also be automatically canceled. Identify the setup that needs to be performed to fulfill this requirement.

A) In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Always.
B) In the "Configure Requisitioning Business Function" task, set the "Cancel Backing Requisitions" value to Never.
C) In the "Configure Procurement Business Function" task, select the "Allow Item Description Update" check box.
D) In the "Configure Requisitioning Business Function" task, select the "Create orders immediately after requisition import" check box.
E) Automatic cancellation of requisition is not possible. Therefore, the customer must manually cancel the requisition after canceling the Purchase Order.

2. Identify two activities that a Buying Organization will be able to perform after it provides the Supplier Portal access to Suppliers.

A) Import supplier data and related entities.
B) Create Negotiation flow internally on behalf of prospective suppliers.
C) Consolidate suppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions.
D) Collect information about prospective suppliers through a self-guided registration flow.
E) Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.

3. 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 format is: Company.BusinessUnit.CostCenter.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) Document Total: Amount Limit = $0.00 AccountRange: Amount Limit = $6,600 Account Range: From: 01.220.339.00000.000000 To: 01.220.339.99999.000000 Location: Amount Limit = $5,000 and Location = Kandy
B) Set the Document Total object to include an amount limit of $5,000.00.
C) Document Total: Amount Limit = $0.00 Account Range: Amount Limit = $6,600 Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000 Category Range: Amount Limit = $6,600 Category Range: From: Office.Supplies To: Office.Supplies Requisition Document Type setup = 'Owner can Approve'
D) Document Total: Amount Limit = $0.00 Account Range: Amount Limit = $6,600 AccountRange:From: 01.220.339.67887.000000 To: 01.220.339.67887.000000 Category Range: Amount Limit = $6,600 Category Range: From:Office.Supplies To: Office.Supplies
E) Document Total: Amount Limit = $6,600.00 Location: Amount Limit = $6,600 and Location= Kandy Category Range: Amount Limit = $10,000 Category Range: From: X.Supplies To: Office.Supplies

4. During Fusion Procurement implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when "notes to receiver" are included or updated as part of a Change Order. Identify the setup that needs to be performed in order to capture change history when a user updates "notes to receiver" as part of the Change Order.

A) Update the attribute "notes to receiver" in supplier site assignment for the supplier site.
B) Update the attribute "notes to receiver" in "Configure Requisitioning Business Function" for the requisitioning Business Unit.
C) Update the attribute "notes to receiver" in the Change Order template for the Purchase Order.
D) Update the attribute "notes to receiver" in "Common Payables and Procurement Options" for the procurement Business Unit.

5. Identify two control options that are enabled when a buyer selects the 'Group requisition lines' field while creating a Blanket Purchase Agreement.

A) Apply price updates to existing orders
B) Use ship-to organization and location
C) Automatically submitfor approval
D) Use need-by date
E) Group requisitions

Solutions: