Oracle Fusion Procurement 2014 Essentials - 1z0-470 Exam Practice Test

Question 1

During Fusion Procurement implementation, the customer provides you with their company logo. They want you to place the logo on the header of the PDF report that gets generated for purchase requisitions for all requisitioning business units. Wherewillyou configure this setup?

A. Modify the purchase requisition report in the Business Intelligence Publisher tool for each of the business units.

B. Use Manage Menu Customizations.

C. Browse and select the logo in "Configure Requisitioning Business Function" for each of the requisitioning business units.

D. Set up the profile option "Company logo".

Correct Answer: B

Question 2

You are setting up Fusion Sourcing. You would like participants to provide Insurance and Freight cost for the quotation/RFQ lines.
Identify the configuration that will fulfill this requirement.

A. Define a negotiation style and enable DFF for Freight and Insurance.

B. Add Cost Factors for Freight and Insurance.

C. Personalize the negotiation UI to add the Freight and Insurance attributes.

D. Add negotiation lines separately to capture Freight and Insurance.

Correct Answer: B

Question 3

Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the price throughout the year. Howwould you set up this item in Fusion Procurement to address both the requirements?

A. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.

B. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.

C. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.

D. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

Correct Answer: D

Question 4

Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Fusion Procurement.

A. Tax Classification

B. Payment Terms

C. Item

D. Location

E. Price

Correct Answer: B,C,D

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Question 5

Identify the complete sequence for the Procure-to-Pay flow.

A. Create Requisition > Create Job Order > Build Inventory > Transfer Inventory > Pay Supplier > Return Goods to Supplier.

B. Create Requisition > Request for Quote > Analyze Quote > Award Supplier.

C. Create Requisition > Create Purchase Order > Fulfill Purchase Order > Enter Invoice > Match Invoice > Pay Supplier.

D. Enter Invoice > Match Invoice > Pay Supplier > Return Goods to Supplier.

Correct Answer: B

Question 6

You want Supplier Accounts to be created by external supplier users in Supplier Portal. Which Supplier Registration option would allow this?

A. External Supplier Registration

B. Discrete Supplier Registration

C. Internal Supplier Registration

D. Global Supplier Registration

Correct Answer: A

Question 7

Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types.

A. payment method, which supports multiple-installment payment goods or services

B. condition-dependent reductions in price

C. change orders affecting pricing of specific lines

D. means to provide price discounts

E. priceincrease request from a supplier through the supplier portal

Correct Answer: B,E

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Oracle Fusion Procurement 2014 Essentials - 1z0-470 Exam Practice Test

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