Oracle Fusion Procurement 2014 Essentials - 1z1-470 Exam Questions [2026]

QUESTION NO: 1
Identify five business functions that must be configured in order to implement a complete Procure-to-Pay business process in Fusion Procurement.

A. Requisitioning B. Invoicing C. Purchasing D. Incentive Compensation E. Inventory F. Payments G. Receiving

Correct Answer: A,B,C,E,G

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QUESTION NO: 2
A buyer is creating a purchase requisition using 'Catalog Superstore', and intends to compare items before adding them to the shopping list. Identify the maximum number of items that are allowed by the application for side-by-side item comparison?

A. 6 B. 8 C. 5 D. 7 E. 4

Correct Answer: C

QUESTION NO: 3
Which two approval tasks can be performed by using the Manage Approval Rules user interface in Fusion Procurement?

A. Expenses Approval B. Purchasing Document Approval C. Item Creation Approval D. Supplier Registration Approval

Correct Answer: B,D

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QUESTION NO: 4
Identify the document in which the Supplier field is not mandatory.

A. Requisition B. Purchase Order C. Quotation D. RequestforQuotation E. Invoice

Correct Answer: E

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QUESTION NO: 5
What is required to make data available in Oracle Fusion Procurement Transactional Business Intelligence graphs?

A. Schedule ESS jobs to run according to customer requirements. B. Schedule concurrent requests to run every hour. C. Configure the Extract Transform and Load tool and data will be populated in real time. D. No need to schedule anything; data will be populated in real time.

Correct Answer: D

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QUESTION NO: 6
You are setting up Fusion Sourcing. You would like participants to provide Insurance and Freight cost for the quotation/RFQ lines.
Identify the configuration that will fulfill this requirement.

A. Personalize the negotiation UI to add the Freight and Insurance attributes. B. Define a negotiation style and enable DFF for Freight and Insurance. C. Add Cost Factors for Freight and Insurance. D. Add negotiation lines separately to capture Freight and Insurance.

Correct Answer: C

QUESTION NO: 7
Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
An employee submits the following requisition:
LINEDESCRIPTIONCATEGORYAMOUNT
1Mac LaptopIT. Laptop899.00
2LCD MonitorIT. Monitor250.00
3IPhone6Telephony. Cellphone199.99\
Refer to the exhibit to select the final approving authority.

A. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager. B. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by
the IT director. C. Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager. D. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.

Correct Answer: D