1Z0-518 Real Exam Questions and Verified Answers

Question 1 Multiple choice

Which three statements are true about modifying flexfield values? (Choose three.)

A
The values cannot be disabled.
B
The value description can be changed.
C
The effective dates for a value can be limited.
D
The values can be deleted after they are defined.
E
The values cannot be modified after they are defined.

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Correct answers: B, C, E

Question 2 Single choice

XYZ Corp. has acquired ABC Corp. XYZ operates with Multi-Org Access Control. Consequently XYZ Corp. needs to add additional Operating Units. Identify the statement that describes the sequence for adding additional Operating Units.

A
It is not possible to add additional Operating Units.
B
Set the MO: Operating Unit profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
C
Set the MO: Security Profile profile option, run the Replicate Seed Data concurrent request, create the Operating Unit, and create new responsibilities as necessary.
D
Create the Operating Unit, run the Replicate Seed Data concurrent request, create new responsibilities as necessary, and set up the MO: Default Operating Unit profile option.
E
Create the Operating Unit, run the Replicate Seed Data concurrent request, assign the Operating Unit to a security hierarchy, run Security List maintenance concurrent program, create new responsibilities as necessary, and set up the MO: Security Profile profile option.

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Correct answer: E

Question 3 Multiple choice

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

A
secures user access to data
B
supports fixed asset management
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C
procures from one Legal Entity and receives in another
D
supports multiple language installations of Oracle Applications
E
supports any number of business units within a single installation

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Correct answers: A, C, E

Question 4 Multiple choice

Identify four tasks that you can perform using Oracle Workflow in Oracle E-Business Suite Release 12,

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(choose four}

A
Automata business processes,
B
Generate account code combinations,
C
Approve standard business documents,
D
Send notifications using Advanced Queuing,
E
Generate Inventory item numbers using item generator workflow,
F
Integrate with third party business systems that are not on a company network.

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Correct answers: A, B, D, F

Question 5 Multiple choice

Select three statements that apply to IReceivables. (Choose three.)

A
It Is a Web-based self-service application.
B
It can be used to verify the status of Invoices and receipts.
C
It is geared towards call centers, as well as credit and collections departments.
D
It can be used to initiate the Oracle Approvals Management (AME) credit memo request workflow.

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Correct answers: A, B, D

Question 6 Single choice

To create a party paying relationship, the relationship type must be hierarchical and the party type must be_______.

A
child
B
parent
C
person
D
organization
E
person or organization

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Correct answer: D

Question 7 Single choice

The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneous receipt needs to be reversed.

Which method would you advise the client to use?

A
Carry out a standard reversal of the miscellaneous receipt.
B
Carry out a debit memo reversal of the miscellaneous receipt.
C
Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
D
Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
E
Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.

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Correct answer: B

Question 8 Multiple choice

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.

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Correct answers: B, C

Question 9 Single choice

Event Types in Subledger Accounting Is a grouping of_______.

A
Events
B
Accounts
C
Event Models
D
Event Entitles
E
Event Classes

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Correct answer: E

Question 10 Multiple choice

You have logged In to the Oracle E-Business Suite Release 12 Instance and accessed your worklist. You see four FYI notifications in your default Worklist view. You opened the first notification and clicked the "OK" button after reviewing the content. Identify three things that can happen after you return to your worklist. (Choose three.)

A
You see four notifications in your worklist.
B
You see three notifications in your worklist.
C
Status of the first notification has been updated to "Delete."
D
Status of the first notification has been updated to "Closed."
E
You can view the first notification by choosing the "All Notifications" view from your worklist.
F
You can view the first notification by choosing the "FYI Notifications" view from your worklist.

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Correct answers: B, D, E