oracle 1z0-343 practice test

What is the effect on the Hem Ledger when Sales Update is run, if that inventory is relieved during
Ship Confirm and the G/l date is added to the record?

• A. The document created In the Item Ledger during Ship Confirm has no document type assigned. When Sales Update is run, this document is overridden by the invoice number and invoice document type.
• B. An Inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger.
• C. An inventory document is recorded In the Item Ledger during Ship Confirm, when Sales Update is run, an invoice document is added to the Item Ledger, and the item's cost In the inventory document is updated to the latest cost.
• D. The invoice number and invoice document type override the document type created In the Item Ledger during Ship Confirm. Then the Item's cost is updated to the latest cost.
• E. The invoice number and Invoice document type that are associated with the sales older override the document type and the document number that were created In the Item Ledger during Ship Confirm.

Your client is entering sales orders using base pricing.
What logic does the system use to retrieve the price based on the effective dates?

• A. Past Due Date
• B. Delivery Date
• C. Earliest Expiration Date
• D. Closest Start Date
• E. Order Date

A warehouse user is trying to enter an inventory adjustment for an item, but IS receiving an Invalid
Location error. Why is this happening?

• A. The warehouse is set up with local ion control and the Item has not been set up with a primary location.
• B. The inventory adjustment application P4I14 Is not set up with a default location.
• C. The warehouse is set up with location control and the location Is not set up in the location Master.
• D. The branch plant does not have a primary location set up for the Item.

Your client's pricing strategy includes contract prices, trade discounts, base prices, and standard pike
adjustments. Which statement describes the hierarchy that defines how the system determines a
price on a sales order?

• A. Base price with standard price adjustment, base price with trade discount, contract price, and base price
• B. Base price with trade discount, base price with standard price adjustment, base price, and contract price
• C. Base price with trade discount, base price with standard price adjustment, contract price, and base price
• D. Base price with trade discount, contract price, base price with standard price adjustment, and base price
• E. Contract price, base price with standard price adjustments, base price with trade discount, and base price

A customer's credit limit has been establish at $10,000. and current outstanding are is $7,000. The
customer has active, unshipped sale coders with request dates that are two months In the future arid
total $3,000. The customer calls today with a $500 order to be shipped immediately.
What happens to the order?

• A. The order goes on hold, because credit checking is performed for the total exposure, which includes open orders regardless of their request dates.
• B. The order does not go on hold, because credit checking only compares the dollar value tor open orders against the credit limit.
• C. The order does not go on hold. The System automatically determines that the request date of the new order comes before the request dates of the existing open orders. The system will allow the $500 order to be processed, and put a credit hold on the order with the request date furthest In the future.
• D. The order goes on hold, because the total A/R amount is greater than 5% of the total of A/R and open orders.
• E. The order does not go on hold, because the actual outstanding A/R has not exceeded the credit limit, and the $500 order would still cause the total exposure to be less than $10,000.

A client transfers inventory between warehouses within the same company. Both warehouses carry
the inventory at the same cost. In the Journal entries tor the transfer, the client finds that the batch
amount is blank.
Identify the correct reason why this happened.

• A. The client should reverse the transfer transaction, create an issue to remove quantity from the old location, and then create an adjustment to add quantity to the new location.
• B. The AAIs are set up Incorrectly. Correct the AAls so that the journal entry amount will appear.
• C. No correction is necessary. A batch with a blank amount is correct.
• D. The cost is incorrect for one of the warehouses. the client should reverse the transfer, verify the cost, and reenter the transaction.
• E. The client should carry the Inventory cost at different amounts for each warehouse. This approach ensures that a variance Journal entry is created.

Your client wants to set up a process for customers who were accidentally sent the wrong Item. What
is the correct way to do this?

• A. Create a sales order for the replacement Item, create a Credit for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.
• B. Set up the Returned Material Authorization process to create a sales order foe the replacement Hem, create a Credit Order for the incorrectly shipped item, and purchase order for the incorrectly shipped item.
• C. Create a no-charge sales order for the replacement Item, create a Credit Order for the incorrectly shipped item, and perform an Inventory Adjustment, when the incorrectly shipped items arrive.
• D. Create a sales order for the replacement item and make journal entries to write off the incorrectly shipped.

Your client Is being chained a warehouse storage lee equal to 10% of the brokerage tees that are
already included In the landed costs setup, how should you set up the landed costs to accomplish
this?

• A. Attach a second landed cost rule to the Hem.
• B. Add another cost level to the landed Cost table with a percentage ot cost equal to 10% and a based-on level pointing to the brokerage fee line.
• C. Set up the warehouse storage lee by specific item number.
• D. Add another cost level to the landed cost table with a percentage o( cost equal to 10%.
• E. Increase the cost level line fur brokerage fees by 10%.

For a defined group of Hems, the unit cost on a purchase order cannot deviate from the standard test
by more than 2%.
Where should this be defined?

• A. Set the tolerance processing option in the Receipts program to 2%.
• B. Set the tolerance for the company to 2% in Tolerance Rule Setup.
• C. Set the tolerance for the item group to 2% for Unit Cost in Tolerance Rule Setup.
• D. In the Item Branch/Plant, set the tolerance to 2%.
• E. Set up an order hold code for 2% tolerance.

Your client's pricing for a customer order is not calculating correctly. Which option represents the
most detailed price setup?

• A. Customer and Item
• B. Customer Group and Item Group
• C. Customer group and item
• D. all customers and Item