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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions (Q74-Q79):

NEW QUESTION # 74
You have a high value item that you want to audit on an unscheduled basis to deter pilfering.
Which two methods could you use to do this?

A. ABC Count
B. Based on Item Category
C. Manual Cycle Count
D. Automated Cycle Count
E. Blind Inventory Count

Answer: B,E

NEW QUESTION # 75
Which two options constitute the rights and responsibilities of a Legal Entity?

A. Manage warehouses
B. Own property
C. Facilitate resource allocation
D. Create opportunities for new business
E. Account for themselves to regulators, taxation authorities, and owners according to rules specified in therelevant legislation

Answer: D,E

NEW QUESTION # 76
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 Centers, Organizations, and Locations
C. Divisions, Business Units, and Departments
D. Cost type, Default Cost Structure, and Item Organization

Answer: C

NEW QUESTION # 77
Which three types of jurisdictions should be considered while designing the Enterprise Structure? (Choose three.)

A. Labor Jurisdiction
B. Identifying Jurisdiction
C. Local Jurisdiction
D. Obligatory Jurisdiction
E. Transaction Tax Jurisdiction
F. Income Tax Jurisdiction

Answer: C,D,E

NEW QUESTION # 78
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. Return the material and create a debit memo for the supplier.
B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.
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.

Answer: B

NEW QUESTION # 79
......

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