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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Which three statements are true regarding Managing Units of Measure? (Choose three.)

A) You must define Unit of measure class with a base unit of measure.
B) If you want to transact items in units of measure that belong to classes other than their primary UOM class, you must define conversions between the base units of measure in different UOM classes.
C) Conversions between classes are unique for each item, the conversion rate varies for intraclass unit of measure.
D) A unit of measure conversion is a mathematical relationship between two different units of measure.
E) A unit of measure standard conversion specifies the conversion factor by which the unit of measure is equivalent to the unit of measure class.

2. Your client wants the purchasers to be able to run the min-max plan for items under their control and then manage the POs created out of these.
Which parameters can they use to be able to do this?

A) Planning Level
B) From Buyer to Buyer
C) From Planner to Planner
D) Sort by
E) From Item to Item

3. Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one - which is NOT, and picked up by the cost processor?

A) Period close adjusting journal entries for payroll
B) Shipping, receiving, and inventory transactions from manufacturing
C) Payable invoices are interfaced from Fusion Payables
D) Invoices and revenue are interfaced from Fusion Receivables
E) Resource transactions are interfaced directly from Manufacturing

4. Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer? (Choose three.)

A) Concurrent Processing
B) Background Processing
C) Blind Processing
D) Online Processing
E) Offline Processing
F) Sequential Processing

5. While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership? (Choose three.)

A) You received the goods today and you decide to issue the goods after three days without transferring the ownership.
B) You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.
C) You received the goods today and for the next one week you do not plan any action on the same.
D) You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.
E) You received the goods today and after four days you return the material to the supplier.
F) You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

Solutions: