100% Free Oracle 1Z0-343 Practice Test Questions and Answers 2026

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Total 75 Questions | Updated On: May 11, 2026

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Question 1

Your customer has discontinued a stock item in one of their branch plants. They have set the item up as a “U” Stocking Type. What set of transactions will this change allow?

A : Sales Order, Adjustments, Issues, Reclassification, and Transfers

B : Adjustments, Issues, Reclassification, and Transfers

C : Purchase Order and Sales Order

D : Purchase Order, Sales Order, Adjustments, Issues, Reclassification, and Transfers

Answer: B

Question 2

Your client wants to track their sales by area of the country, type of customer, and sales person. They want the value of these sales to be reportable from the G/L. What is the correct way to do this?

A : Set up Item Category Codes and report on that information.

B : Set up Account Master Category Codes and report on that information.

C : Set up flexible accounting to drive the information via the AAIs to the G/L.

D : Set up Address Book Category Codes and report on that information.

Answer: D

Question 3

Your client wants to set up a process for customers who were accidentally sent the wrong item. What is the correct way to do this?

A : Create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.

B : Set up the Returned Material Authorization process to create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and purchase order for the incorrectly shipped item.

C : Create a no-charge sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and perform an Inventory Adjustment when the incorrectly shipped items arrive.

D : Create a sales order for the replacement item and make journal entries to write off the incorrectly shipped.

Answer: A

Question 4

Identify the option that contains the components required for setting up advanced preference processing.

A : Sales Order Entry processing options, Order Activity Rules, System Constants, and Preference Master

B : Sales Order Entry processing options, Branch/Plant Constants, Preference Details, and Hierarchy

C : Adjustment Definitions, Hierarchy, Branch/Plant Constants, and Preference Details

D : Preference Schedules, Preference Details, System Constants, and Sales Order Entry processing options

E : Hierarchy, Preference Master, System Constants, and Schedules

Answer: D

Question 5

Your client has a business requirement to manually audit carrier invoices against Freight Audit History (F4981) and later create an A/P voucher so that carrier will be paid. How can you ensure that carrier invoices will follow the required process?

A : A correct GL/Class code needs to be added to the Carrier’s Supplier Master.

B : Auto Pay flag in the Carrier Master needs to be off.

C : Freight allocation needs to be on at the charge code for Payables.

D : A different version of the freight update program (R4981) needs to be used.

Answer: B

Page: 1 / 15

Total 75 Questions | Updated On: May 11, 2026

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