1D0-1065-23-D Exam Dumps | What is the purpose of the Contract Terms Library in Oracle Fusion Cloud Procurement?

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Oracle Fusion Cloud Procurement 2023 Implementation Professional - Delta
Oracle.1D0-1065-23-D.v2025-05-20.q79
Question 13

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Question 13/79

What is the purpose of the Contract Terms Library in Oracle Fusion Cloud Procurement?

A. It provides a centralized repository for managing supplier contracts.

B. It allows users to create and store standard terms and conditions for contracts.

C. It facilitates the automation of contract creation and approval processes.

D. It enables users to track and manage contract milestones and obligations.

Correct Answer: B

The Contract Terms Library in Oracle Fusion Cloud Procurement is designed to provide a central location for creating, storing, and managing standard terms and conditions that can be used across multiple contracts. This feature allows users to define and maintain standard contract clauses, which can be easily accessed and added to new contracts as needed.

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