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  5. Oracle EBS R12.1 Purchasing Essentials Questions and Answers

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Viewing page 6 out of 8 pages
Viewing questions 51-60 out of questions
Questions # 51:

Consider the following scenario for Inventory Item B.

1) Standard Cost: $10

2) Purchase Order Line Quantity: 100; Purchase Order Line Price: $12

3) Match Approval Level: Three-Way Matching; Receipt Routing: Direct Delivery

4) Received Quantity: 40

5) Invoice Price: $14; Invoiced Quantity: 20

Which option describes the effect on different accounts correctly?

Options:
A.

Debit Material Account $480; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $0; Credit AP Liability Account $280

B.

Debit Material Account $400; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $40; Debit Purchase Price Variance Account $80; Credit AP Liability Account $280

C.

Debit Material Account $400 ; Credit Inventory AP Accrual Account $240; Debit Invoice Price Variance Account $80; Debit Purchase price Variance Account $40; Credit AP Liability Account $280

D.

Credit Material Account $400; Debit Inventory AP Accrual Account $240; Credit Invoice Price Variance Account $40; Credit Purchase Price Variance Account $80; Debit AP Liability Account $280

Expert Solution
Questions # 52:

A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI and H2, respectively.

The company has a policy that only the Controllers and those above them can approve capital Items on requisitions and purchase orders. However, the Purchase Manager (who reports to the Controller) must also be able to authorize capital purchases.

The account range for capital items is: 2000-2599.

The relevant approval limits are:

1) Purchase Manager in both BGs: $100,000

2) Controller in BGI: $500,000

3) Controller in BG2: $200,000

Which two options represent a valid and efficient approval process? (Choose two.)

Options:
A.

An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it.

B.

An employee in BG2 raises a capital requisition for $250,000, which is verified by the employee's manager and then forwarded to the group Controller in BG2 who approves it.

C.

The buyer hi BGI raises a standard purchase order for $250,000 with the charge account 2106. The Purchase Manager verifies it and forwards it to the controller in BGI who approves it.

D.

A buyer in BG2 raises a purchase order for $10,000 with charge for inventory items to be stocked in an asset subinventory. The Purchase Manager in BG2 verifies and forwards it to the Controller in BG2.

E.

The shop floor supervisor in BGI raises a requisition for a new drilling machine for $250,000. The supervisor's manager (Production Manager) verifies the requisition and forwards it to the Controller in BGI for a final approval.

F.

The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 approves it and instructs the buyer to ensure a 2-year warranty on this equipment. The buyer in BG2 places the order on the supplier.

Expert Solution
Questions # 53:

What are the three elements involved in submitting a concurrent request? (Choose three.)

Options:
A.

selecting Operating Unit

B.

selecting report language

C.

providing completion option

D.

defining a submission schedule

E.

selecting the request or request set to be submitted

Expert Solution
Questions # 54:

You are creating an interorganization transfer. The standard shipping lead time defined for the transfer is 14 days. You want to move the inventory from the source and put it in Intransit. You made a mistake and did not choose the option to have Intransit Inventory. When you initiate the process for interorganization transfer, what is the result of the transaction?

Options:
A.

You would get an error for the transaction, because it violates referential integrity.

B.

The inventory would not be moved from the source organization, because there is a lead time of 14 days defined.

C.

The inventory would be moved from the source organization, but it would be moved directly to the destination organization.

D.

The inventory would be moved from the source organization, but it would be moved to Intransit Inventory, because there is a lead time of 14 days defined.

Expert Solution
Questions # 55:

When a quotation is due to expire within the number of days you specified, then you receive the following message in the Notifications Summary window: Quotations active or approaching expiration: [number].

Where is this [number] set up in the system?

Options:
A.

in the Quote Header - Warning Delay field

B.

in the Systems Profile Options - PO: Quote Warning Delay

C.

in Purchasing Options on the 'Default' Tab - Quote Warning Delay field

D.

Lookup Code, which is an (LOV) list of Values, in the Quote Header - Warning Delay field

Expert Solution
Questions # 56:

Company X has three Operating Units: A, B, and C. Each Operating Unit has the MO: Security Access profile option called ABC Security assigned. Operating Unit A has both the MO: Operating Unit profile option and the MO: Default Operating Unit profile option assigned to it.

Which statement is true?

Options:
A.

Paul can create transactions for the A, B, and C Operating Units.

B.

Ail transactions created by Paul are automatically assigned to the Operating Unit A.

C.

Paul can report on data across A, B, and C Operating Units, but enter transactions only against A.

D.

The profile option did not include Operating Unit B and Operating Unit C due to an error by the system administrator.

E.

The Payables responsibility is linked to the Operating Unit A by the MO: Operating Unit profile option and can create transactions for that Operating Unit alone.

Expert Solution
Questions # 57:

You have been asked by the HR Manager to define Oracle Alert to show all employees terminated in the past six months.

Identify three pieces of information that is required to define this Alert. (Choose three.)

Options:
A.

actions that you want Alert to perform

B.

frequency with which you want to run this Alert

C.

a SQL statement that retrieves terminated employees

D.

name of the concurrent program to be run after Alert runs

E.

database table name, which stores employee Information to specify In the Event Details section

Expert Solution
Questions # 58:

Which three values are applicable for the transaction profile option Miscellaneous Issue and Receipt? (Choose three.)

Options:
A.

Online Processing

B.

Concurrent Processing

C.

Form-Level Processing

D.

Background Processing

E.

Record-Level Processing

Expert Solution
Questions # 59:

Which window in Purchasing would you use to copy on existing global Approved Supplier List entry and make it local to your organization?

Options:
A.

Supplier Statue

B.

Request For Quotation

C.

Supplier-Item Attribute

D.

Approved Supplier List Statuses

E.

Sourcing Rule/Bill of Distribution Assignments

Expert Solution
Questions # 60:

There are several types of RFQ, Including Catalog RFQ, Standard RFQ, and Bid RFQ.

There are only two classes of RFQ. Identify the two valid classes and their appropriate purposes. (Choose two.)

Options:
A.

Bid Class, which supports Shipments

B.

Standard Class, which supports Items

C.

Planned Class, which supports Catalogs

D.

Catalog Class, which supports Price Breaks

E.

Cost Class, which supports Bid Price Breaks

F.

Category Class, which supports Supplier Catalogs

G.

Contract Class, which supports Total Dollars Agreed to

Expert Solution
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Viewing questions 51-60 out of questions