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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions (Q56-Q61):

NEW QUESTION # 56
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 consigned and ownership is transferred to "owned".
B. Items are consigned items and ownership lies with the supplier.
C. Items are not consigned items and ownership is with the organization.
D. Items are not consigned items but ownership is still with the supplier.

Answer: B

NEW QUESTION # 57
You set up an item organization and an inventory organization as part of your customer's requirement.
Your customer has, by mistake, performed a receipt transaction in the item organization instead of the inventory organization. How wiil you rectify the error?

A. It is not possible to receive item in the item organization.
B. Perform a correct receipt transaction and receive the item in the correct organization.
C. Perform a new receipt in the correct organization and retain the stock in item organization because it does not affect any other operation.
D. Perform a return of item and receive the item again in the correct organization.

Answer: A

NEW QUESTION # 58
A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?

A. The Business Unit is not enabled for Costing.
B. There is no Inventory Validation Organization defined.
C. The Legal Entity Setup is incomplete.
D. There is no Business Unit associated with the Legal Entity.
E. The General Ledger is not associated with Business Unit.

Answer: D

NEW QUESTION # 59
Which two statements are true in regard to using the Enterprise Structures Configurator?

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

Answer: A,D

NEW QUESTION # 60
As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.
How do you achieve this?

A. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.
B. Leave the Management Business Unit field blank in the Inventory Organization definition.
C. It is not possible to define an Inventory Organization that is associated with more than one business unit.
D. Define the Inventory Organization without associating it with any location.

Answer: C

NEW QUESTION # 61
......

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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions (Q56-Q61):

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