Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 41:

  ABC Inc. wants to have 16 accounting periods that include an adjusting period for each quarter in its 4-5-4 accounting calendar. Its fiscal year-end is March 31.

  The normal month-end is on a Friday, but the last day of each quarter is always on the last day of the quarter's final calendar month.

  Select the remaining setup for the calendar to meet the requirement.

  A. defining 12-monthly periods based on the 4-5-4 calendar ending on the last day of each month; defining an adjusting period on the last day of each quarter
  B. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining four adjusting periods for March 31 of the fiscal year
  C. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month; defining an adjusting period on the last Friday of each quarter
  D. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter ending on the last day of the month; defining an adjusting period for each of the last day of the quarter
  D. defining 12-monthly periods based on the 4-5-4 calendar ending on the last Friday of each month, except for the last month of each quarter ending on the last day of the month; defining an adjusting period for each of the last day of the quarter

• Question 42:

  Which two statements are true about Formulas? (Choose two.)

  A. Both attributes and library functions can be used as inputs for Formula Management
  B. Only attributes can be used as inputs for Formula Management
  C. Formulas cannot be run in sequence to perform multi-step calculations
  D. Formulas can set both transaction- and line-level attributes
  C. Formulas cannot be run in sequence to perform multi-step calculations
  D. Formulas can set both transaction- and line-level attributes

• Question 43:

  Identify the different types of data that can be processed using the GL Interface. (Choose three.)

  A. rates
  B. budget
  C. vendors
  D. statistical
  E. intercompany
  F. currency codes
  B. budget
  D. statistical
  E. intercompany

• Question 44:

  Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

  A. Ledger
  B. Sales Force
  C. Unit of Measure
  D. Invoice Sources
  E. Oracle Application Object Library (AOL)
  A. Ledger
  B. Sales Force
  C. Unit of Measure
  E. Oracle Application Object Library (AOL)

• Question 45:

  Your client wants to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of the cost center segment. A business unit is a group of cost centers, and a business unit manager typically has several cost centers under his or her responsibility.

  Which option will meet the client's requirements?

  A. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers; creating FSG based on the rollup groups
  B. defining parent cost centers and a hierarchy of parent/child cost centers; creating summary accounts based on the parent cost centers; creating FSG based on the parent cost center values
  C. defining parent cost centers and a hierarchy of parent/child cost centers; defining summary accounts for the parent cost centers; creating FSG based on the parent cost center values or summary accounts
  D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts
  D. defining parent cost centers and a hierarchy of parent/child cost centers; defining rollup groups for the parent cost centers, and summary accounts; creating FSG based on the parent cost center values or summary accounts

• Question 46:

  In Oracle E-Business Suite Release 12, Multiple Language Support (MLS) refers to the ability to support multiple languages in the same Oracle Application instance. Which three statements concerning MLS are true? (Choose three.)

  A. Oracle E-Business Suite Release 12 is available in multiple languages.
  B. Oracle E-Business Suite Release 12 translates all data entered by the user.
  C. UTF8 is the recommended character set for installations that support multiple languages.
  D. The character set you choose during installation determines which languages the instance can support.
  E. The extended multilingual support present in the Oracle E-Business Suite Release 12 data model can increase database storag requirements.
  C. UTF8 is the recommended character set for installations that support multiple languages.
  D. The character set you choose during installation determines which languages the instance can support.
  E. The extended multilingual support present in the Oracle E-Business Suite Release 12 data model can increase database storag requirements.

• Question 47:

  Identify two features of Oracle Workflow in Oracle E-Business Suite Release 12. (Choose two.)

  A. enhances data security
  B. helps you focus on managing individual business transactions
  C. has each activity in a workflow as a PL/SQL function or a notification or a subprocess
  D. can integrate business functions only between business processes within a single company
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems
  C. has each activity in a workflow as a PL/SQL function or a notification or a subprocess
  E. can integrate business processes within an enterprise, as well as between different organizations and different systems

• Question 48:

  A user has been assigned with five Operating Units in his or her security profile. The user transacts in three of those Operating Units, the remaining two are used occasionally.

  The user can limit the list of values available to the three Operating Units by _______.

  A. setting the preferred Operating Units in user preferences
  B. setting the values for the MO: Operating Unit at the user level profile option
  C. setting the values for the MO: Default Operating Units at the user level profile option
  D. requesting the system administrator, to update the Operating Units in the security profile
  E. requesting the system administrator to set up MO: Default Operating Unit for the responsibility
  A. setting the preferred Operating Units in user preferences

• Question 49:

  A red "x" appears instead of a part (item) in a configuration. What causes this?

  A. The Recommended Item rule is recommending an incorrect price for the part number
  B. The Recommended Item rule is recommending a part that does not exist
  C. The Recommended Item rule is recommending more than one part number
  D. The Recommended Item rule is not firing
  B. The Recommended Item rule is recommending a part that does not exist

• Question 50:

  ABC Corp. has implemented Oracle Manufacturing applications from Oracle E-Business Suite Release 12. How is the data in the manufacturing applications partitioned?

  A. BY Application
  B. By Legal Entity
  C. By Operating Unit
  D. By Business Group
  E. By Inventory Organization
  E. By Inventory Organization