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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Identify two statements that are true about the cost-organization relationship.
Response:

A) Only inventory organizations belonging to different item Master Organizations can be part of a cost organization.
B) Costing Item Validation Organization can only be item Master Organization of the underlying inventory organizations.
C) Costing Item Validation Organization is used to default the Unit of Measure for costing calculations.
D) Should have chosen
E) The inventory organizations that are assigned to a cost organization must all belong to the same legal entity.

2. You need to load on-hand balances for go live. Which template should be used for this?

A) InventoryOnHandBalanceTemplate.xlsm
B) InventoryTransactionImportTemplate.xlsm
C) InventoryBalanceImportTemplate.xlsm
D) InventoryMiscellaneousTrxTemplate.xlsm
E) InventoryReservationImportTemplate.xlsm

3. Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.
What is the reason?

A) Items are not consigned items and ownership is with the organization.
B) Items are not consigned items but ownership is still with the supplier.
C) Items are consigned items and ownership lies with the supplier.
D) Items are consigned and ownership is transferred to "owned".

4. You have an organization that runs both its domestic and international business from the same offices. However, the organization does not want the domestic side of the business to be able to transact on the international side, even though they are selling the same material.
How do you configure your enterprise to meet this requirement?

A) Set up the domestic and international businesses as separate business units.
B) Set up the domestic and international businesses as separate projects.
C) Set up the domestic and international businesses as separate cost centers.
D) Use data access security to separate what each customer can control.
E) Set up the domestic and international businesses as separate operating units.

5. The physical inventory process is carried out for a particular inventory organization with the following parameters:
Negative Quantity Tolerance Percentage is set to 10%
Approval Type = 'Always'
The system says that there are 100 on hand, but you only counted 95. What will happen?

A) The system will ask a user to recount before posting.
B) The setup is invalid; it will give an error message.
C) An approval will be required before posting.
D) Because the 95 is within the 10% tolerance, it will post without approval.

Solutions: