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Exam 1z0-1005 topic 1 question 65 discussion

Actual exam question from Oracle's 1z0-1005
Question #: 65
Topic #: 1
[All 1z0-1005 Questions]

Before you can configure payment approval rules, your company must define a payment approval policy. Which three are done by the payment approval policy?

  • A. It allows approvers to review payments and decide whether or not to approve a payment.
  • B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group.
  • C. It defines a list of approvers who review payments and make final payment decisions.
  • D. It defines when to initiate the payment approval process.
  • E. It determines which payments must go through the payment approval process.
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Suggested Answer: BCD 🗳️

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Yasas
4 years, 10 months ago
Defining a Payment Approval Policy Before you can configure payment approval rules, your company must define a payment approval policy. The payment approval policy defines: When to initiate the payment approval process Criteria for triggering the payment approval process, such as payment amount, bank account, or pay group A list of approvers who review payments and make final payment decisions Your company's payment approval policy: Determines which payments must go through the payment approval process Allows approvers to review payments and decide whether or not to approve the payment.
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Yasas
4 years, 10 months ago
B. It defines criteria for triggering the payment approval process, such as payment amount, bank account, or pay group. C. It defines a list of approvers who review payments and make final payment decisions. D. It defines when to initiate the payment approval process. https://docs.oracle.com/en/cloud/saas/financials/20b/faipp/disbursements.html#FAIPP2127846
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