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Oracle 1z0-1112-2 Exam Syllabus Topics:

SectionObjectives
Receiving and Invoicing- Goods receipt and inspection
- Invoice matching and payment flow
Requisitioning and Purchasing- Requisition creation and approval flow
- Purchase order creation and management
Procurement Fundamentals- Procurement lifecycle overview
- Key procurement concepts and terminology
Supplier Management- Supplier onboarding and qualification
- Supplier lifecycle management
Sourcing and Contracts- Contract creation and compliance
- Sourcing processes and negotiation basics

Oracle Procurement Business Process Foundations Associate Rel 2 Sample Questions:

What is the outcome of the Identify Opportunity process?

  • A. Author contract
  • B. Award business
  • C. Register supplier
  • D. Create sourcing event
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Which of the THREE statements are true about Supplier Negotiation?

  • A. Qualification area can be reused as the requirement section
  • B. Internal cost factor can be used to withhold payments
  • C. Existing contracts can be used to create terms
  • D. Questions are created in the active status by default
  • E. Supplier comments can be turned off
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Select three reasons why contracts should be approved.

  • A. Encourages ad hoc buying
  • B. Supports fraud
  • C. Aligns spending policies in the contract
  • D. Checks contract terms and clauses
  • E. Protects the organization
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Steve has recorded an invoice with the Header amount as USD 2000 and Line amount as USD 200. Identify the hold reason that the system apply during the initial validation of this invoice.

  • A. Received Quantity
  • B. Distribution Variance
  • C. Line Variance
  • D. Ordered Quantity
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Which three key supplier identifiers are used to prevent supplier duplication?

  • A. D-U-N-S Number
  • B. Tax Registration Number
  • C. Supplier Id
  • D. Taxpayer Id
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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