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Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:

1. Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?

A) Chart of Accounts, Accounting Calendar, and Currency
B) Chart of Accounts, Description, and Accounting Method
C) Chart of Accounts, Ledger Balance, and Accounting Method
D) Currency, Description, and Accounting Method

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) You have to cancel the invoice and send the material back without changing the ownership.
C) Return the material and create a debit memo for the supplier.
D) You have to transfer the ownership of item and perform the return transaction.

3. Which attribute value allows usage of common inventory for project specific demand?

A) Allow use of common supplies : Null and Hard Pegging Level : None
B) Allow use of common supplies : Null and Hard Pegging Level : Project Group
C) Allow use of common supplies : No and Hard Pegging Level : Project and Task
D) Allow use of common supplies : No and Hard Pegging Level : Project Group

4. Which three statements about cost organization are correct? (Choose three.)

A) All inventory organizations of a cost organization need to within the same business unit.
B) Profit center business units can have only one cost organization.
C) Profit center business unit can have one or more inventory organizations.
D) A cost organization can have one or more inventory organizations.

5. What are the four steps for the move request process flow? (Choose four.)

A) Confirm pick slips
B) Physically move the material
C) Create shipment
D) Create Movement Request
E) Run the Movement Request Pick Slip Report
F) Run pick slip allocation

Solutions: