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Oracle Procurement Business Process Foundations Associate Rel 2 Sample Questions:

1. In relation to contracts, which three attributes may be revised without requiring the contract to be amended?

A) Deliverables
B) Business Unit Team
C) Name
D) Notes
E) Payment Terms

2. Which components are contained in the contract terms library? (Choose two)

A) Sections
B) Clauses
C) CRM Attributes
D) Supplier Organization

3. Your organization requires only the best bid value to be shared with your supplier in negotiation Identify the TWO correct configurations to achieve this.

A) Set response visibility to competitive
B) Set response visibility to blind
C) Enable response rule - Display best price to suppliers
D) Enable response rule - Display overall rank to suppliers
E) Enable response rule - Display all responses to suppliers
F) Set response visibility to sealed

4. Which type of catalog can provide direct link to the supplier catalog?

A) Business Unit catalog
B) Informational catalog
C) Punchout catalog
D) Local catalog

5. Select three reasons why contracts should be approved.

A) Supports fraud
B) Aligns spending policies in the contract
C) Encourages ad hoc buying
D) Protects the organization
E) Checks contract terms and clauses

Solutions: