Oracle 1Z0-1073-23 Exam Questions : Oracle Inventory Cloud 2023 Implementation Professional

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Oracle 1Z0-1073-23 Exam Syllabus Topics:

Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

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

2. Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

A) Chart of Accounts, Description, and Accounting Method
B) Chart of Accounts, Ledger Balance, and Accounting Method
C) Chart of Accounts, Accounting Calendar, and Currency
D) Currency, Description, and Accounting Method

3. A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

A) Miscellaneous Transaction
B) Requisitions
C) Subinventory Transfer
D) Move Request
E) Transfer Order

4. Your company has established inventory balances integration with 3PL system.
Which option cannot be achieved out of the box using this integration?

A) Purge inventory balance message periodically.
B) Resolve processing exceptions.
C) Compare and automatically report inventory mismatches.
D) Import inventory balance message in bulk.

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

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

Solutions: