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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta Sample Questions (Q164-Q169):
NEW QUESTION # 164
What is the purpose of purchase orders in the procurement process?
- A. To request goods or services
- B. To process payment to suppliers
- C. To confirm the acceptance of goods or services
- D. To provide legal documentation for procurement transactions
Answer: D
Explanation:
Purchase orders (POs) are legally binding documents that serve as formal agreements between a buyer and a supplier. They outline the details of the procurement transaction, including the requested goods or services, quantities, prices, terms, and conditions. POs provide a legal record of the transaction and ensure proper documentation and accountability.
NEW QUESTION # 165
While defining the setup 'Define Requisition Configuration', which four options are available for the
'Group Requisition Import By' field?
- A. Supplier
- B. Requester
- C. Location
- D. Item
- E. Supplier Site
- F. CategoryReference http://docs.oracle.com/cd/A60725_05/html/comnls/us/po/timpreq.htm
Answer: A,C,D,F
NEW QUESTION # 166
What is the purpose of Self Service Procurement in Oracle Fusion Cloud?
- A. Allow employees to create and submit purchase requisitions for goods and services.
- B. Allow inventory management of goods and materials.
- C. Allow suppliers to search and bid on procurement opportunities.
- D. Allow managers to approve purchase orders for requested items.
Answer: A
Explanation:
Self Service Procurement in Oracle Fusion Cloud enables employees to independently create and submit purchase requisitions for goods and services they require. It empowers employees to initiate procurement processes and ensures a streamlined and efficient procurement workflow.
NEW QUESTION # 167
Identify the Procurement configuration task that has cross product integration with Supply Chain Management.
- A. Define Negotiation Style
- B. Manage Procurement Agents
- C. Define Basic Catalog
- D. Define Corporate Procurement Cards
- E. Define Supplier Configuration
Answer: D
NEW QUESTION # 168
What is a payment term?
- A. The agreement between a buyer and supplier on when and how payment will be made
- B. The ability to pay suppliers using multiple currencies
- C. The amount of time given to a supplier to deliver goods or services
- D. The method by which a buyer pays a supplier for goods or services Purchased
Answer: A
Explanation:
Payment terms define the agreed-upon timeframe and conditions for making payments to suppliers. It includes details such as due dates, interest rates, discounts, and any penalties for late payment. It establishes a clear understanding between the buyer and supplier regarding payment obligations.
NEW QUESTION # 169
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