Free Oracle 1z0-470 Practice Test & Real Exam Questions

Exam Code/Number: 1z0-470
Exam Name/Title: Oracle Fusion Procurement 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 70
Updated On: Jun 13, 2026

Question #1

Your customer has requested you to set up a Procurement Business Unit to serve the procurement needs of various Requisitioning Business Units. How would you set up the Shared Procurement model in Fusion Procurement?

A. by setting up the Default Procurement BU in the Requisitioning Business Function

B. by setting up a Procurement Business Unit and a Requisitioning Business Unit in the Functional Setup Manager

C. by providing a default Business Unit in the Procurement Agent setup

D. by setting up aService Provider relationship in the Business Unit setup

Discussion 0

Correct Answer: D Vote an answer

Question #2

You define a payment term Net 30 in the "Define Payment Terms" task. While configuring a supplier, you try to assign the payment term Net 30 to a supplier site but the list of values (LOV) is empty.

A. The payment term Net 30 is not defined at procurement options.

B. The payment term Net 30 is not active.

C. The supplier site is inactive.

D. The data set containing the payment term Net 30 is not assigned to the procurement BU.

Discussion 0

Correct Answer: D Vote an answer

Question #3

At your client location, the marketing manager wants to run reports and analytics based on procurement subject areas, but he should not be able to view purchase orders. Which procurement role should you assign to him?

A. Purchase Analysis

B. Finance Manager

C. Procurement Agent

D. Purchasing Manager

Discussion 0

Correct Answer: D Vote an answer

Question #4

Identify the complete sequence for the Procure-to-Pay flow.

A. Enter Invoice > Match Invoice > Pay Supplier > Return Goods to Supplier.

B. Create Requisition > Request for Quote > Analyze Quote > Award Supplier.

C. Create Requisition > Create Job Order > Build Inventory > Transfer Inventory > Pay Supplier > Return Goods to Supplier.

D. Create Requisition > Create Purchase Order > Fulfill Purchase Order > Enter Invoice > Match Invoice > Pay Supplier.

Discussion 0

Correct Answer: B Vote an answer

Question #5

During Fusion Procurement implementation, the customer provides you with their company logo. They want you to place the logo on the header of the PDF report that gets generated for purchase requisitions for all requisitioning business units. Wherewillyou configure this setup?

A. Modify the purchase requisition report in the Business Intelligence Publisher tool for each of the business units.

B. Set up the profile option "Company logo".

C. Browse and select the logo in "Configure Requisitioning Business Function" for each of the requisitioning business units.

D. Use Manage Menu Customizations.

Discussion 0

Correct Answer: D Vote an answer

Question #6

Acme Corporationhas provided the following requirement in Fusion Procurement:
If the category on the requisition line is IT service (Category ID - 11423), approvals from "IT Service Category Approval Group" are required.
Identify the rule setup in Business Process Model (BPM) tasks to meet this requirement.

A. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Resource Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False

B. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = FYI Approval Group = "IT service Category Approval Group" Allow empty group = True

C. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Supervisory Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False

D. If ReqLineDimension.categoryId is equal to 11423; Then List Builder = Approval Group Response Type = Required Approval Group = "IT Service Category Approval Group" Allow empty group = False

Discussion 0

Correct Answer: D Vote an answer

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Question #7

Identify the three business benefits provided by the Manage Approval Rules user interface.

A. ease of ordering items

B. quick information search

C. minimal dependency on IT group for rules setup

D. support for common business requirements to route approvals based on aggregated information

E. faster ramp-up time to set up approval rules

Discussion 0

Correct Answer: A,B,D Vote an answer

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