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Oracle Cloud Material Management & Logistics 2019 Implementation Essentials Sample Questions:

1. Which three of the following does the system perform when you click the "Assign Costs" button in Landed Cost Simulator? (Choose three.)

A) Use the Formula Rule Set Group to assign formulas to the charges.
B) Determine the customs value based on the INCOTERMS.
C) Use the Formula Rule Set Group to calculate the value of the charges.
D) Use the Value Rule Set Group defined in Logic Configuration to assign charges.
E) Calculate the value of the customs duty and taxes.

2. When creating a new Declaration type, which three processes may need to be configured depending on the requirements of the local customs authority? (Choose three.)

A) Set up a License Code that defines whether a license is incremented or decremented for the Trade Transaction.
B) Define a constraint set with grouping criteria that identifies how to combine Trade Transactions into a Declaration.
C) Set up a data configuration that defines the data required to be copied from the Transaction onto the Declaration.
D) Create aggregation criteria that consolidate Transaction Lines, based on parameters such as tariff code or country of origin, into fewer lines on the final Declaration.

3. The electronic message received by the broker is missing a data element. What are the two causes of this problem? (Choose two.)

A) The External System is incorrectly configured.
B) The Out XML Profile is missing the required data elements.
C) The Declaration Message does not have the correct Logic Configuration attributes specified.
D) The User Interface was not configured to require the user to enter the data.

4. Which two options are true about Classification Approval? (Choose two.)

A) It is for one user to both create and approve the Product Classification Code details, including Description, and so on.
B) It is an optional process.
C) It is a mandatory process.
D) It is for one user to review and approve the Item Classification that another user performed.

5. Who needs to approve a document before it is ready to be finalized?

A) At least one reviewer
B) At least one subscriber
C) All subscribers
D) All reviewers and all subscribers
E) At least one reviewer and one subscriber
F) All reviewers

Solutions:

Question # 1 Answer: A,B,E

Question # 2 Answer: A,C,D

Question # 3 Answer: A,D

Question # 4 Answer: C,D

Question # 5 Answer: E