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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 ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place.
B) The system will pick the first available currency from the List of Values.
C) The system will automatically pick "USD" as functional currency from the legal entity country.
D) 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.
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. Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.
What is the process of returning the material?

A) You cannot return consigned items that are invoiced and paid. Treat the material as scrap.
B) Return the material and create a debit memo for the supplier.
C) You have to transfer the ownership of item and perform the return transaction.
D) You have to cancel the invoice and send the material back without changing the ownership.

3. Which two statements are true in regard to using the Enterprise Structures Configurator?

A) The guided interview-based process helps you set up the enterprise with best practices.
B) It creates the chart of accounts.
C) It recommends job and position structures.
D) It allows you to create your Enterprise, Business Units, and Warehouses in a single step.
E) You cannot modify the recommendation from the tool. You must do it after you perform the initial configuration.

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

5. Which three values are applicable for the profile option - "Transaction Processing Mode" for subinventory transfer and interorganization transfer? (Choose three.)

A) Offline Processing
B) Blind Processing
C) Background Processing
D) Online Processing
E) Concurrent Processing
F) Sequential Processing

Solutions: