Free Oracle 1z0-343 Exam Questions (page: 5)

Your client manufactures and sells an item. The item is then shipped to their distribution warehouse for sale in customers. The Hem is sates taxable when sold to their customer.
How would this Item be set up?

  1. The Item master record must have a value indicating that the item is taxable in the sales taxable Held.
  2. The Branch/Want Constant must be set to calculate sales tax and the item branch record must have a value indicating that the item Is taxable In the sales taxable field
  3. The Item branch record must have a value indicating that the Item is taxable in the sales taxable Held.
  4. The item master and item branch record must have a value indicating that the Item is taxable in the sales taxable filed.
  5. The item master record and item location must have a value indicating that the item is taxable in the sales taxable field.

Answer(s): B



A client has entered two purchase orders. Based on the total amount, the first purchase order is required to go through the approval process and has not yet been approved. The second purchase order does not require approvals. The Items on each purchase order are now on the dock ready to be received. The receiving clerk can find only the purchase order that did not go through the approval process. Identify the reason for this.

  1. The processing option of the Enter Receipts by PO program is set to display only orders that have gone through the approval process and are activated.
  2. The values in the Incoming Last Status Codes processing options of Enter Receipts by PO program do not include both values for the purchase orders.
  3. The values in the Acceptable Incoming Next Status Codes processing options of the Enter Receipts by PO program do not include the value for unapproved purchase orders.
  4. The Override Next Status Code processing option in Purchase Order Entry (P4310) was not set to advance the second purchase order past an approved status.
  5. Purchase orders that go through the approval process must have an Other Allowed Value of Record Purchase Receipt on the approvals line of the Order Activity Rules.

Answer(s): C



Your client is interested in using Sales Transfers to record the movement of goods between warehouses. How is Inventory committed when you enter a Sales Transfer order?

  1. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: On PO
  2. Shipping Branch/Plant: In Transit. Receiving Branch/Plant: On PO
  3. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: Other Quantity 1
  4. Shipping Branch/Plant: SO/WO soft commit. Receiving Branch/Plant: In Transit
  5. Shipping Branch/Plant: In Transit. Receiving Branch/Plant: In Transit

Answer(s): B



Which two statements are true for Procurement Management User Defined Codes (UDCs)?

  1. Schedule Name. Landed Cost Components. Order templates, Hem Price Groups, and Commodity Class Codes are required UDCs for Procurement Management.
  2. UDC 41/9 identifies the G/L offset that the system uses when It searches for the account to which it posts procurement transactions.
  3. Procurement System Hold Codes (42/MC) is hard coded and has special handling code logic.
  4. To enable the routing of receipts, only receipts routing UDC is required; operations routing UDC is optional.

Answer(s): A,B



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