Oracle Inventory Management Cloud 1Z0-1073-23

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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

A) The system will pick the first available currency from the List of Values.
B) It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated.
C) The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
D) The system will automatically pick "USD" as functional currency from the legal entity country.
E) It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.

2. What are the two scenarios that allow you to update the lot control option for an item?

A) Item has zero on-hand quantity.
B) Item material status is Active.
C) No open internal order exists for the item.
D) No open sales order exists for the item.

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

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

4. Which three statements about cost organization are correct? (Choose three.)

A) All inventory organizations of a cost organization need to within the same business unit.
B) Profit center business units can have only one cost organization.
C) A cost organization can have one or more inventory organizations.
D) Profit center business unit can have one or more inventory organizations.

5. What are two outcomes when a lot expires on an item with lot control enabled?

A) It cannot be reserved for a date beyond the expiration date.
B) It is issued out of stores.
C) It is not included in cycle counts.
D) It cannot be transacted.
E) It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.

Solutions: