Oracle 1Z0-516 Online Practice Questions and Exam Preparation

Oracle 1Z0-516 Online Questions & Answers

• Question 51:

  A multi-select attribute with five options is displayed as check boxes. Depending on the conditions, the Configurator should show a user three of these five options. How do you accomplish this?

  A. by writing a Recommendation rule
  B. by writing a Constraint rule
  C. by writing a Hiding rule
  D. by writing a Pricing rule
  C. by writing a Hiding rule

• Question 52:

  Journal creation rules in Subledger Accounting are defined by event type and event class. Identify the event type associated with the event class of reverse.

  A. Invoice
  B. Receipts
  C. Adjustment
  D. Chargeback
  E. Transactions
  F. Credit memo
  G. Bills receivable
  B. Receipts

• Question 53:

  Which two statements are true regarding ownership of shared entities? (Choose two.)

  A. Items is owned by Oracle Purchasing, whereas Locations is owned by Oracle Receivables.
  B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.
  C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.
  D. Customers is owned by Oracle Human Resources, whereas Locations is owned by Oracle Receivables.
  E. Sales Force is owned by Oracle Order Management, whereas Employees is owned by Oracle Human Resources.
  B. Suppliers is owned by Oracle Purchasing, whereas Units of Measure is owned by Oracle Inventory.
  C. Ledger is owned by Oracle General Ledger, whereas Locations is owned by Oracle Human Resources.

• Question 54:

  Select two statements that are correct for the secondary tracking segment. (Choose two.)

  A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
  B. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
  C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
  D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
  E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
  C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
  D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

• Question 55:

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

  A. The setting up of the Descriptive Flexfield is mandatory.
  B. The Asset Category Flexfield is owned by the Oracle Assets module.
  C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
  D. Only the Asset Category Key Flexfield is associated with tables in the Oracle Assets module.
  B. The Asset Category Flexfield is owned by the Oracle Assets module.
  C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.

• Question 56:

  Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

  A. Risk code
  B. Credit rating
  C. Payment terms
  D. Credit review type
  E. Credit classification
  D. Credit review type
  E. Credit classification

• Question 57:

  Which format will datetostr(getdate()) return when no format is supplied?

  A. DD/mm/yyyy HH:mm:ss
  B. HH:mm:ss MM/dd/yyyy
  C. HH:mm:ss DD/mm/yyyy
  D. MM/dd/yyyy HH:mm:ss
  D. MM/dd/yyyy HH:mm:ss

• Question 58:

  You have the following information:

  The Accounting flexfield structure is "company, department, product, account."

  Product has two rollup groups: domestic and international.

  Department has one rollup group: manufacturing.

  All accounting flexfield segment values can use alphanumeric characters.

  Which summary account template would Oracle General Ledger fail to create?

  (D: Detail)

  (T:

  Total)

  A. T-T-T-T
  B. T-D-D-D
  C. D-D-D-D
  D. D--T-domestic-D
  E. D-manufacturing-D-T
  F. T-manufacturing-international-D
  C. D-D-D-D

• Question 59:

  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. Remove the request group from the new US Payables Manager responsibility.
  B. Create a Menu Exclusion for Invoice Payments on the US Payables Manager responsibility.
  C. Create an Item Exclusion for Invoice Payments on the US Payables Manager responsibility.
  D. Create a Security Attribute 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.
  B. 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.

• Question 60:

  How do you modify a specific user's access (grant access or remove access) to Product Families, Supported Product Families, and Data Table folders?

  A. For each Product Family or Data table folder affected, click the Modify tab for that item and then select or deselect the check boxes related to the users you want to grant access to or remove access from for this Product Family or Data Table folder.
  B. Click the Group name on the Group Administration List page that has this user as a member, click the Access Permissions tab, select or deselect the check boxes related to the items you want to grant access to or remove access from for this user.
  C. Use the Navigation Menus item on the Administration home page to grant or remove access to specific Product Families or Data Table folders for the user.
  D. Go to the Product Family definition or the Data Table folder properties for which you want to grant or remove access, click the Access Permissions tab, select or deselect the check boxes related to the users you want to grant access to or remove access from for this Product Family or Data Table folder.
  E. Click the user's name on the User Administration List page to edit the user, click the Access Permissions tab, select or deselect the check boxes related to the items you want to grant access to or remove access from for this user.
  B. Click the Group name on the Group Administration List page that has this user as a member, click the Access Permissions tab, select or deselect the check boxes related to the items you want to grant access to or remove access from for this user.