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Oracle 1z1-470 Exam Syllabus Topics:

Oracle Fusion Procurement 2014 Essentials Sample Questions:

1. You define a payment term Net 30 in the "Define Payment Terms" task. While configuring a supplier, you try to assign the payment term Net 30 to a supplier site but the list of values (LOV) is empty.

A) The payment term Net 30 is not defined at procurement options.
B) The data set containing the payment term Net 30 is not assigned to the procurement BU.
C) The payment term Net 30 is not active.
D) The supplier site is inactive.

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

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

3. Which two job roles can access the Procurement Dashboard?

A) Procurement Requester
B) Procurement Preparer
C) Procurement Manager
D) Buyer
E) Category Manager

4. Which two approval tasks can be performed by using the Manage Approval Rules user interface in Fusion Procurement?

A) Supplier Registration Approval
B) Item Creation Approval
C) Expenses Approval
D) Purchasing Document Approval

5. On completion of a Negotiation Award using a negotiation template, you are trying to create apurchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA).
Identify the reason for this.

A) The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.
B) The Business Function for the associated Business Unit is 'Requisition Only' and did not allow Purchase Agreement Generation.
C) The negotiation outcome is defined as 'Blanket Purchase Agreement' in the negotiation template.
D) The negotiation outcome is defined as 'Contract Purchase Agreement' in the negotiation template.

Solutions: