1Z1-521 by Oracle Valid Free Exam Practice Test

Question 1

Identify two features of an "Independent" value set. (Choose two.)

A. The values are stored in a product applications table. B. The values are stored in an Oracle Application Object Library table. C. There is a predefined list of values for a segment. D. You can enter a value other than those in the predefined list of values.

Correct Answer: B,C

Question 2

Select three features that Multi-Org provides to satisfy business needs. (Choose three)

A. Procures from one legal entity and receives in another B. Secures users access to data C. Supports any number of business units within a single installations D. Supports multiple language installation of Oracle applications E. Supports fixed asset management

Correct Answer: A,B,C

Question 3

Identify three features of shared entities in Oracle E-Business Suite Release 12. (Choose three.)

A. are referenced by several Oracle Application modules B. are owned by a single Oracle Application module for table purposes only C. are defined in each Oracle Application module separately D. enable one-time definition of objects E. are owned by a single Oracle Application module to designate the primary user or decision maker

Correct Answer: A,B,D

Question 4

Identify three features that are provided under scheduling in Order Management. (Choose three)

A. Reserving B. Performing Automatic Pricing C. Booking the Order D. Scheduling E. Removing Scheduling Holds F. Calculating Available-to-Promise (ATP)

Correct Answer: A,D,F

Question 5

Identify three correct statements regarding explicit and implicit acceptance. (Choose three)

A. An acceptance comment field is available on order header level (Order information/other tab) of the sales order form. B. CSR can enter explicit acceptance via the order information portal or the order import correction. C. Execution of concurrent program is not needed to perform post billing, implicit acceptance. D. Action attribute - Fulfillment Acceptance is necessary for implicit acceptance E. An implicit acceptance request set ha two concurrent request:1) Generate Pre-billing Acceptance program for pre-billing, implicit acceptance2) Revenue contingency Analyzer for post-billing implicit acceptance. F. An implicit acceptance deferral reason must be defined in AR with an event attribute using ship confirmation date and expiration days.

Correct Answer: B,E,F

Question 6

Identify two types of regions in daily Business Intelligence. (Choose two)

A. Menu B. Table C. Report D. Graph E. Folder

Correct Answer: B,D

Question 7

The technical architecture in Oracle E-Business suit release 12 supports the business needs of the application. Select three technical features included in the technical architecture in Oracle E-Business Suite release 12. (Choose three)

A. Business intelligence B. End-to-end integration C. Global D. Mobile interface E. Self-service (HTML/JSps) F. Rapid implementation

Correct Answer: A,D,E

Question 8

Which two options would you use to restrict the functionality provided by responsibility? (Choose two)

A. Consulting a new menu hierarchy B. Defining rules to exclude specific functions C. Creating an appropriate group D. Creating an appropriate role

Correct Answer: A,B

Question 9

Opus Trading Inc. sells commodities. The sales price of corn is the daily closing price of corn listed in the commodities exchange. This price is maintained in the price list, which is updated daily at the end of the day after the close of the futures market in the commodities exchange.
This price from the price list is what Opus charges the customer for all shipments for the next working day. Given this business scenario, what is the best solution to charge the correct price to the customer?

A. Use the Action menu to re-price the line just before shipment. B. Use the price date on the order line; monitor the order line shipment date, and just before shipment, manually update the price date to make it same as the actual shipment date. C. Use the Action menu to re-price the line just after shipment. D. Use Workflow with re-price at the time of shipment.

Correct Answer: D

Question 10

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi-Org Access Control feature. (Choose two)

A. Security profile B. Business group C. Operating Unit D. Ledger E. Legal entity

Correct Answer: C,D

Oracle EBS R12.1 Order Management Essentials - 1Z1-521 Exam Practice Test