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Oracle Procurement Business Process Foundations Associate Rel 2

Last Update 17 hours ago Total Questions : 55

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Question # 11

Identify THREE true statements about the Contract Creation process?

A.

Contract can be optionally signed electronically

B.

Contract is automatically validated upon submission

C.

Contract terms library can be used to add and delete clauses

D.

Contract needs approval before it is validated

Question # 12

Which TWO statements are true about prepayment invoices?

A.

Prepayments often get created with the Immediate Payment term

B.

Prepayments cannot be unapplied

C.

System does not show any alert for available prepayments during invoice entry

D.

Prepayments must be fully paid before application

Question # 13

Which of the following are key life cycle tasks for supplier agreements? (Choose two)

A.

Track agreement execution status

B.

Define supplier payment terms

C.

Control downstream activities

D.

Define supplier performance criteria

Question # 14

Which of the following can be tracked in the purchase order life cycle? (Choose two)

A.

Trend statistics

B.

Receipts

C.

Amendments

D.

Invoices

Question # 15

Your organization requires only the best bid value to be shared with your supplier in negotiation Identify the TWO correct configurations to achieve this.

A.

Enable response rule - Display best price to suppliers

B.

Set response visibility to blind

C.

Enable response rule - Display overall rank to suppliers

D.

Enable response rule - Display all responses to suppliers

E.

Set response visibility to competitive

F.

Set response visibility to sealed

Question # 16

Your organization follows the integrated invoice imaging solution to scan and process supplier in-voices: Steve is a Payables clerk and his job is to regularly review the invoices created from an in-voice image that has invalid or missing data. In which status can these invoices be found?

A.

Incomplete

B.

Not Validated

C.

Validated

D.

Needs Revalidation

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