oracle 1z0-1073-21 online test

Oracle Inventory Cloud 2021 Implementation Essentials Exam

What students need to know about the 1z0-1073-21 exam

Total 78 Questions & Answers

Question 1

Your organization is planning for a periodic counting of individual items throughout the year. As part
of this activity, the user has loaded items to the cycle count but some of the items are not being
considered when count schedules and count sequences are generated.
Which reason explains why the items are not being considered?

A. The Include in Schedule option is not selected to include the item for auto-scheduling.
B. The Cycle Count Enabled flag is not selected for the item.
C. The approval controls are not set up.
D. The Cycle Count Enabled flag is not selected for the inventory organization.

Answer:

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Question 2

Your company is an automobile spares manufacturing organization, which follows a discrete process.
It has its own manufacturing and distribution centers located globally.
It has these business units:
US USA business unit
CAN Canadian business unit
UK UK business unit
MX Mexican business unit
IND India business unit
SPA Spain business unit
FRA France business unit
NL Netherlands business unit
GER Germany business unit
These are the inventory organizations that exist in each business unit:
Inventory Org business unit
--------------------------------------------
GM (Master Org) US
US1 (Child Org) US
US2 (Child Org) US
CA1 (Child Org) CAN
MX1 (Child Org) MX
IN1 (Child Org) IND
SP1 (Child Org) SPA
FR1 (Child Org) FRA
NL1 (Child Org) NL
DE1 (Child Org) GER
Which two statements are true? (Choose two.)

A. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.
B. You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.
C. Item organizations are also supported to serve as inventory organizations.
D. Operational Attributes can be controlled only at the Master Level.
E. All inventory organizations do not need to be in the same business unit to assign items.
F. Items cannot be assigned to inventory organizations across business units.

Answer:

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Question 3

Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.
B. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.
C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.
D. Cost method can be defined granularity down to individual items.

Answer:

ABC

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Question 4

You have set up min-max planning at the subinventory level with the following to source item
AS12312 for Organization: M1:
Source Type: Organization
Organization: M1
What type of supply request will be generated?

A. Purchase Requisition
B. Internal Requisition
C. None; this is an invalid setup
D. Intraorganization transfer order
E. Movement request

Answer:

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Question 5

Which attribute value allows usage of common inventory for project specific demand?

A. Allow use of common supplies : No and Hard Pegging Level : Project Group
B. Allow use of common supplies : Null and Hard Pegging Level : Project Group
C. Allow use of common supplies : No and Hard Pegging Level : Project and Task
D. Allow use of common supplies : Null and Hard Pegging Level : None

Answer:

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Question 6

Your are in the process of analyzing the demand and supply schedules for the item based on high
level reservations.
Identify the reservation document type that would be applicable to both supply as well as demand.

A. Account Alias
B. Movement Request
C. Requisition
D. On Hand
E. Work Order
F. Transfer Order

Answer:

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Question 7

You set up an item organization and an inventory organization as part of your customer's
requirement.
Your customer has, by mistake, performed a receipt transaction in the item organization instead of
the inventory organization. How wiil you rectify the error?

A. Perform a correct receipt transaction and receive the item in the correct organization.
B. Perform a return of item and receive the item again in the correct organization.
C. It is not possible to receive item in the item organization.
D. Perform a new receipt in the correct organization and retain the stock in item organization because it does not affect any other operation.

Answer:

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Question 8

Your client wants certain inventory items of high importance to be counted periodically to improve
the average level of inventory accuracy.
What type of counting would you recommend?

A. Serialized Count
B. Manual Count
C. Cycle Count
D. Zero Quantity Count
E. Blind Count

Answer:

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Question 9

Which three statements about project specific picking process are correct? (Choose three.)

A. Shipment lines with project task can be created in shipping organization not enabled for projects.
B. Picks can be searched by project and task number.
C. Pick release of movement request allocates common inventory prior to project specific inventory.
D. Picks with same project and task can be grouped to single pick slip.

Answer:

BCD

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Question 10

Your customer is a very large organization spanning across multiple countries. Their legal
requirements, Human Resource Policies, and Functional Currencies for Ledger are different for each
country. Your customer wants to maintain 10 different companies in the system.
Which combination meets this requirement?

A. 1 Enterprise, 10 Divisions, where each division has its own legal entity and ledger
B. 10 Enterprises, 10 Divisions, where each division has its own legal entity and ledger
C. 1 Enterprise, 10 Divisions, where each division has its own ledger with common legal entity across all divisions
D. 10 Enterprises, 1 Division, where each division has 10 legal entities and 1 ledger

Answer:

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