Tested 1z0-1007 Free Practice Questions 2021

NEW QUESTION 1
Your organization has multiple procurement business units. A Qualification manager wants to launch an initiative for assessment of suppliers. However, the manager is unable to select the qualification model that he or she defined earlier.
Identify the cause for this behavior.

• A. The Qualification manager is not defined as procurement agent.
• B. The Qualification model is not yet approved.
• C. The Qualification manager has not selected the correct procurement BU.
• D. The Qualification manager does not have the “Manage Suppliers” action enabled in procurement agent definition.

Answer: D

NEW QUESTION 2
A buyer often orders an item BA82829 by box but the store manager stocks the item as individual units by using the ‘Each’ unit of measure. Item BA82829 can be ordered from three suppliers and the box sizes differ by supplier (12, 24 and 36). Identify the correct option to set up these units of measure in Product Hub (PIM).

• A. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to different UOM classes.
• B. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to the same UOM class.
• C. Create a Box UOM and an Each UOM and assign them to different UOM classes.
• D. Always use the Each UOM and do not create Purchase Orders for Box.
• E. Create a Box UOM and an Each UOM and assign both to the same UOM clas

Answer: E

NEW QUESTION 3
In negotiations you need to add a colleague to a scoring team, but they are not available. Which two are valid issue that are causing this? (Choose two.)

• A. The person has already been added to a requirement section in a scoring team.
• B. The person has already been added to a scoring team.
• C. The person has not been added to the collaboration team.
• D. The person has been added to have view access.
• E. The person has already been added to the collaboration tea

Answer: BE

NEW QUESTION 4
Identify two correct statements about Local area and Contextual areas in the common UI Shell.

• A. Local area can drive the contents of the regional area and the contextual area.
• B. Contextual area can drive the contents of the local area.
• C. Contextual area provides quick access to tools that support business process.
• D. Local area includes components that directly affect the Contextual area.
• E. Local area is the main work area and typically contains the transaction for

Answer: DE

NEW QUESTION 5
Your customer is implementing Cloud Procurement across two countries: A and B. They need intercompany transactions to be carried out between these two entities.
Identify the setup to fulfill this requirement.

• A. intercompany transaction between business units of countries A and B
• B. Supply Chain financial Orchestration agreement between legal entities of countries A and B
• C. Supply Chain financial Orchestration agreement between business units of countries A and B
• D. intercompany transaction between legal entities of countries A and B

Answer: B

NEW QUESTION 6
You are setting up Oracle Cloud Sourcing. You would like participants to provide Insurance and Freight cost for the quotation/RFQ (Request For Quotation) lines.
Identify the configuration that will fulfill this requirement.

• A. Add Cost Factors for Freight and Insurance.
• B. Add negotiation lines separately to capture Freight and Insurance.
• C. Personalize the negotiation UI (User Interface) to add the Freight and Insurance attributes.
• D. Define a negotiation style and enable DFF (Descriptive FlexField) for Freight and Insuranc

Answer: A

NEW QUESTION 7
In Oracle Transactional Business Intelligence (OTBI), which subject area should you use to report on spend for purchase orders and their associated requisitions?

• A. Procurement – Procure to Pay Real Time
• B. Procurement – Requisitions Real Time
• C. Procurement – Purchasing Real Time
• D. Procurement – Spend

Answer: A

NEW QUESTION 8
What is the difference between Prospective and Spend authorized suppliers?

• A. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally.
• B. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities.
• C. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers.
• D. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.

Answer: D

NEW QUESTION 9
Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types.

• A. means to provide price discounts
• B. condition-dependent reductions in price
• C. payment method, which supports multiple-installment payment goods or services
• D. change orders affecting pricing of specific lines
• E. price increase request from a supplier through the supplier portal

Answer: BE

NEW QUESTION 10
You created a sourcing two-stage sealed RFQ and invited five suppliers to participate. The Technical stage is completed and the Commercial stage is unlocked.
At this time in the award negotiation section, in the Award Line you are able to see only three supplier’s responses as active responses. You are not able to see the other two suppliers’ data in the active responses.
Which two reasons are causing this?

• A. Suppliers were already awarded.
• B. Suppliers have entered the response
• C. Because the RFQ is sealed, you are not able to view these two suppliers’ data.
• D. Suppliers were not shortlisted in the Technical stage.
• E. Supplier responses are closed.
• F. You have entered these two suppliers’ responses as surrogate responses by a buye
• G. In the Commercial stage, the buyer has not yet entered surrogate responses.

Answer: CE

NEW QUESTION 11
After gathering requirements from the business leads of customer organization, you have set up the Bill-to location at multiple places during Oracle Procurement Cloud implementation. Identify the source from which the purchase order defaults the Bill-to location.

• A. from the ‘Configure Requisitioning business function’
• B. from the ‘Supplier site assignment’ first and if it is ‘Null’ then from ‘Common Payables and Procurement options’
• C. from the ‘Common Payables and Procurement options’ first and if it is ‘Null’ then from ‘Supplier site assignment’
• D. from the ‘Configure Procurement business function’
• E. from the Business Unit setup

Answer: B

NEW QUESTION 12
Name the Oracle Transactional Business Intelligence (OTBI) KPI that indicates the count of approved requisitions where at least one of the requisition lines is assigned to the buyer who has logged in and that requisition line is not implemented into an order, bucketed by the number of days elapsed since the requisition was approved.

• A. Requisition Lines Volume Count
• B. Requisition Lines in Process Count
• C. Requisition Line Aging Count
• D. Requisition Aging Count
• E. Requisition Lines Cycle Time

Answer: B

NEW QUESTION 13
You are creating a Purchase Order based on the style ‘Cloud Purchasing Style’. While entering a Purchase Order line, you find that the line type named GOODS is available but the line type named LINE does not appear. Identify a reason for this behavior.

• A. Display Name for the Purchase Order is not set in the ‘Create Document Style’ task.
• B. The line type LINE is not among the selected line types for the document style ‘Cloud Purchasing Style’.
• C. The status of the ‘Cloud Purchasing Style’ is not Active.
• D. The Goods check box is not checked for the Purchase Bases field of the Commodities option in the ‘Create Document Style’ task.

Answer: A

NEW QUESTION 14
Your client’s business requires that only requester A is provided access to the punchout catalog and not requester B.
Identify the configuration to achieve this.

• A. Set the punchout catalog security in the punchout catalog definition page to “Secured by worker” with the value “Requester A” and no setup for requester B.
• B. Set the punchout catalog-associated content zone security to “Secured by worker” with the value “Requester A” and no setup for requester B.
• C. Assign the “advance procurement requester” role to requester A and the “procurement requester” role to requester B.
• D. Assign the “punchout catalog request” role to procurement requester A and “procurement requester” role to requester B.

Answer: B

NEW QUESTION 15
A buyer is creating a purchase requisition using ‘Catalog Superstore’, and intends to compare items before adding them to the shopping list. Identify the maximum number of items that are allowed by the application for side-by-side item comparison.

• A. 8
• B. 6
• C. 4
• D. 5
• E. 7

Answer: D

NEW QUESTION 16
Your customer wants to change the Need-by-Date of an open Purchase Order. To make this change, a Change Order is initiated by the customer and the request is now being reviewed by the supplier. What will be the status of the Purchase Order and the Change Order in the system?

• A. Purchase Order: Open; Change Order: Open
• B. Purchase Order: Open; Change Order: Pending Supplier Acknowledgement
• C. Purchase Order: Pending Supplier Acknowledgement; Change Order: Pending Supplier Acknowledgement
• D. Purchase Order: Pending Supplier Acknowledgement; Change Order: Open
• E. Purchase Order: Open; Change Order: New

Answer: B