Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Your client has just set up their chart of accounts. They are now designing the organization hierarchy in the system.
Which three structures should the customer use to do this?

A) Warehouse, Subinventory, and Locators
B) Cost type, Default Cost Structure, and Item Organization
C) Cost Centers, Organizations, and Locations
D) Divisions, Business Units, and Departments

2. Identify the availability type that is applicable for the item quantities maintained in a unit of measure different from the primary unit of measure and is available for various transactions.

A) Available
B) Secondary Available Quantity
C) Reserved
D) Secondary On-hand Quantity
E) On Hand

3. Your customer wants you to restrict the values of Receivables Transaction Type for their three business units. You created three reference data sets for each business unit. However, the user is still able to see the values in the Transaction Type list of values which are not defined in the business unit data set.
What is the reason for this behavior?

A) The user has multiple Business Unit Roles and, therefore, is able to see additional values.
B) Reference Data Sets cannot be used uniquely across business units. They can only be used at the Legal Entity level.
C) The user is seeing the values defined in the common set. The values should be removed from the common set.
D) Receivables Transaction Types are common across business units.

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

5. Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

A) If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction "Transfer Order Issue".
B) Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
C) Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.
D) If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.
E) Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.

Solutions: