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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions:

1. What is the purpose of the Contract Terms Library in Oracle Fusion Cloud Procurement?

A) It provides a centralized repository for managing supplier contracts.
B) It facilitates the automation of contract creation and approval processes.
C) It allows users to create and store standard terms and conditions for contracts.
D) It enables users to track and manage contract milestones and obligations.

2. Which of the following procurement applications is used for managing supplier information?

A) Requisition
B) Contract Management
C) Supplier Portal
D) Purchase Order

3. Which of the following functionalities is not included in the Procurement application of Oracle Fusion Cloud?

A) Supplier Management
B) Requisitioning
C) Sourcing
D) Inventory Management

4. What is the purpose of defining Supplier Business Classification in Oracle Fusion Cloud Procurement?

A) To rate suppliers based on their performance metrics.
B) To assign suppliers to specific procurement categories.
C) To classify suppliers based on their business type or industry.
D) To categorize suppliers based on their geographic location.

5. What is a payment term?

A) The ability to pay suppliers using multiple currencies
B) The amount of time given to a supplier to deliver goods or services
C) The method by which a buyer pays a supplier for goods or services Purchased
D) The agreement between a buyer and supplier on when and how payment will be made

Solutions: