1Z0-520 by Oracle Valid Free Exam Practice Test

Question 1

You receive a request to create a new responsibility for US Payables Manager. The request states that the new responsibility should have access to all menu items except Invoice Payments.
Identify two options that you would use to restrict the Invoice Payments option on the new US Payables Manager responsibility. (Choose two.)

A. Create a Security Attribute for Invoice Payments on the US Payables Manager responsibility. B. Remove the request group from the new US Payables Manager responsibility C. Create an Item Exclusion for Invoice Payments on the US Payables Manager responsibility. D. Create a Menu Exclusion for Invoice Payments on the US Payables Manager responsibility. E. Create a new menu excluding the Invoice Payments option and attach the new menu to the responsibility.

Correct Answer: D,E

Question 2

Select three true statements regarding the Workflow Document Creation prerequisite (PO Create Documents workflow). (Choose three.)

A. Catalog quote must not be expired, but may be inactive. B. Supplier and supplier site are required on the requisition related to a contract purchase order. C. No source document is required for the PO Create Documents workflow to create a release or purchase order. D. Sourcing rules are required If the requisition originates in Oracle Purchasing or {Procurement. E. The only time an approved supplier list is required is if your source document is a blanket purchase agreement and you are using a system item. F. If a system Item is not associated with the requisition line, a supplier item number is required.

Correct Answer: B,E,F

Question 3

If the PO: Allow Buyer Override in AutoCreate Find profile option is set to No, what would happen if the buyer, Pat Stock, uses the AutoCreate form?

A. Pat would not be able to view requisitions assigned to other buyers, but would be able to view unassigned requisitions. B. Pat would not be able to view requisitions assigned to other buyers or unassigned requisitions. C. Pat would be able to view requisitions assigned to other buyers and unassigned requisitions. D. Pat would be able to view all requisitions in the AutoCreate form, but would be prevented from placing requisitions on a purchase order if they reference another buyer. E. Pat would be able to view requisitions assigned to other buyers, but not view unassigned requisitions.

Correct Answer: B

Question 4

Which four responsibilities must be defined in order to perform the purchasing setup when the complete Oracle R12 E-Business Suite is installed? (Choose four.)

A. Purchasing Super User B. Receivables Manager C. General Ledger Super User D. Inventory Manager E. Payables Manager F. Advanced Supply Chain Planner G. System Administrator

Correct Answer: A,C,E,G

Question 5

A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI and H2, respectively.
The company has a policy that only the Controllers and those above them can approve capital Items on requisitions and purchase orders. However, the Purchase Manager (who reports to the Controller) must also be able to authorize capital purchases.
The account range for capital items is: 2000-2599.
The relevant approval limits are:
1) Purchase Manager in both BGs: $100,000
2) Controller in BGI: $500,000
3) Controller in BG2: $200,000
Which two options represent a valid and efficient approval process? (Choose two.)

A. An employee in BG2 raises a capital requisition for $250,000, which is verified by the employee's manager and then forwarded to the group Controller in BG2 who approves it. B. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 approves it and instructs the buyer to ensure a 2-year warranty on this equipment. The buyer in BG2 places the order on the supplier. C. The buyer hi BGI raises a standard purchase order for $250,000 with the charge account 2106. The Purchase Manager verifies it and forwards it to the controller in BGI who approves it. D. An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it. E. A buyer in BG2 raises a purchase order for $10,000 with charge for inventory items to be stocked in an asset subinventory. The Purchase Manager in BG2 verifies and forwards it to the Controller in BG2. F. The shop floor supervisor in BGI raises a requisition for a new drilling machine for $250,000. The supervisor's manager (Production Manager) verifies the requisition and forwards it to the Controller in BGI for a final approval.

Correct Answer: B,C

Question 6

What is the impact of setting the profile option INV:
Override Neg for Backflush = Yes?

A. Backflush and inventory transactions would drive inventory negative. B. Backflush and inventory transactions would not drive inventory negative. C. It would permit the driving of on-hand inventory negative for miscellaneous issue transactions. D. Backflush transactions would not drive inventory negative. E. It would not allow inventory to be driven negative. F. Backflush transactions would drive inventory negative.

Correct Answer: F

Question 7

Which are the three mandatory fields when defining a supplier bank header? (Choose three.)

A. Bank account number B. Bank contact C. Bank operating account D. Bank E. Bank branch

Correct Answer: A,D,E

Question 8

Your customer has two manufacturing plants. The manufacturing process for both the plants is identical, but there are differences in specific areas.
1. Plant 1 uses min-max planning and Plant 2 uses re-order point planning.
2. Plant 1 and Plant 2's Variable Lead Times are different.
3. Plant 1 and Plant 2 use two different WIP (Work In Process) supply subinventories.
Which two attribute control settings meet the requirement? (Choose two.)

A. Organization Level: Variable Lead Time, WIP Supply Subinventory B. Master Level: Transactable, Inventory Planning Method, Variable Lead Time C. Master Level: WIP Supply Subinventory, Variable Lead Time, Stockable, Transactable, Build in WIP D. Master Level: Stockable, Variable Lead Time, Inventory Planning Method Organization Level:
Transactable E. Organization Level: WIP Supply Subinventory F. Master Level: Stockable, Transactable, Build in WIPOrganization Level: Inventory Planning Method

Correct Answer: A,F

Question 9

ABC Corporation has set up the Accounting Key Flexfield. It also set up a Descriptive Flexfield to store vehicle information associated with the asset category "Vehicle".
Identify three correct statements. (Choose three.)

A. The combination of values in the Accounting Flexfield identifies a particular business entity or class of entities. B. The Descriptive Flexfield is called an "intelligent key structure". C. The Descriptive Flexfield for the asset category "Vehicle" captures only additional information. D. You can define cross validation rules to control the allowable combinations of segment values for the Accounting Flexfield. E. The Descriptive Flexfield for the asset category "vehicle" appears as a normal field on a form.

Correct Answer: A,D,E

Question 10

Your customer is interested in implementing revision control for the finished goods model items. Which two requirements can be met by implementing revision control? (Choose two.)

A. scrapping the old model and introducing a new model which has changes in functionality and features B. tracking design changes in other modules (BOM, Work In Process) with a different model number C. changing model functionality when on-hand quantity is available D. tracking design changes in all other functions, such as Bill of Materials, Routings, Work in Process, and so on, using the same model number E. accommodating a slight design change in the model, where functionality and features remain the same

Correct Answer: D,E

Question 11

Select three true statements about inventory reservations. (Choose three.)

A. A reservation creates a permanent data link between a supply source and a demand source, and represents a guaranteed allotment of material to a specified demand source. B. A reservation is a link between a supply source and a demand source. C. Reservations can be created only by Oracle applications or via forms. They cannot be imported from third-party applications. D. For on-hand inventory supply, there is only one type of reservation called high-level reservation. E. For on-hand inventory supply, there is only one type of reservation called low-level reservation. F. Item reservations allow the allocation of material you previously set aside for a sales order, account, account alias, inventory allotment, user-defined source, process batch components or, Oracle Complex Maintenance and Repair Overhaul work order components as long as the quantity is not negative. G. Item reservations prevent the allocation of material you previously set aside for a sales order, account, account alias, inventory allotment, user-defined source, process batch components or, Oracle Complex Maintenance and Repair Overhaul work order components.

Correct Answer: A,B,G

Question 12

The Account Alias Name flexfield cannot exceed _____ characters.

A. 180 B. 15 C. 45 D. 30 E. 25 F. 20

Correct Answer: E

Question 13

A supplier is not required on a _____.

A. Requisition B. Quotation C. Invoice D. Purchase Order E. Request For Quotation F. Receipt

Correct Answer: A

Oracle EBS R12.1 Purchasing Essentials - 1Z0-520 Exam Practice Test