Online Access Free 1Z1-1007 Practice Test

Identify two fields whose tolerance levels are ignored when data is entered while creating receipts using Enforce Blind Receiving. (Choose two.)

• A.Waybill
• B.UOM
• C.Packing Slip
• D.Receiving Quantity
• E.Receiving Date

For Payables and Procurement, what three common controls and default values need to be set for each business unit?

• A.Automatic Offsets
• B.Expense Accruals
• C.Currency Conversion
• D.Collaboration Messaging
• E.Buyer Assignment

Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:
For qualification manager (Vendor development team-VD)
Independent evaluation (Procurement Department-PD)
Involvement of internal subject matter experts (SME)
Identify the correct setup to meet this requirement.

• A.initiatives created and owned by VD, internal response and evaluation by SME
• B.initiatives created and owned by VD, internal response by PD, and evaluation by SME
• C.initiatives created and owned by VD, internal response by VD, and evaluation by SME
• D.initiatives created and owned by VD, internal response by SME, and evaluation by PD

Which three are supplier lookups from the Supplier functional area?

• A.Supplier Type
• B.Tax
• C.Business Classification
• D.Freight Terms
• E.Minority Group

In relation to a Business Unit, which two statements are true?

• A.It is used to post transactions to multiple primary ledgers.
• B.It can be consolidated into a managerial and legal hierarchy.
• C.It is used to partition subledgers.
• D.It must only have a single function.
• E.It can only process transactions on behalf of one legal entity.