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QUESTION NO: 1
What is true about a (alpha. in the Exponential Smoothing Forecast (ESF. method?
A. (alphA. Is calculated by Oracle Inventory.
B. (alphA. is multiplied by the forecast error to determine the adjustment.
C. (alphA. equals the old forecast plus a portion of the forecast error from the previous period.
D. (alph equals the old forecast.
E. (alphA. Is always greater than one.
Answer: B
QUESTION NO: 2
Identify three features of Key Flexfields. (Choose three.)
A. Each segment of a Key Flexfield usually contains meaningful information.
B. A Key Flexfield structure consists of multiple code combinations.
C. The Key Flexfield structure comprises Segments.
D. Key Flexfields appear as a single-space field enclosed in brackets.
E. Key Flexfields are used as Identifiers for entities.
Answer: A,C,E
QUESTION NO: 3
ABC Company uses serial numbers for the following transactions:
1. Purchase order receipt
2. Miscellaneous receipt
3. Account alias receipt
The company wants to reuse the same serial numbers for work order completion transactions. Which setup would allow it to reuse the same serial numbers?
A. INV: Restrict Receipt of Serials: Yes and INV: Validate Returned Serial: Yes
B. INV: Restrict Receipt of Serials: Yes
C. INV: Restrict Receipt of Serials: No
D. INV: Validate Returned Serial: Yes
E. INV: Restrict Receipt of Serials: Yes and INV: Validate Returned Serial: No
F. INV: Validate Returned Serial: No
G. INV: Validate Returned Lot: Yes and INV: Validate Returned Serial: No
Answer: C
QUESTION NO: 4
What are the prerequisites for performing an accurate ABC Compile for Inventory Items using the Current on-hand value as the compile criterion?
A. Items costed only
B. Either items with on-hand quantity or items costed
C. Both items with on-hand quantity and items costed
D. Items with on-hand quantity only
Answer: C
QUESTION NO: 5
Which statement is true regarding inventory transactions?
A. Transaction reasons can be used in all transaction forms.
B. You must create at least one user-defined transaction reason for each inventory organization,
C. You can designate, by transaction type, which transaction reasons are available.
D. Work in Process would not affect inventory transactions.
E. Inventory adjustments are not part of inventory transactions.
Answer: A
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Updated: May 28, 2022