Oracle 1Z0-520 Online Practice Questions and Exam Preparation

Oracle 1Z0-520 Online Questions & Answers

• Question 121:

  What is the significance of the Shrinkage Rate item attribute?

  A. The expected reduction in demand within the planning fence
  B. The average loss of material during manufacturing or storage
  C. The expected decrease in the rate of production of units during manufacturing
  D. The expected percentage (%) loss of quality of an item during the manufacturing process or storage
  B. The average loss of material during manufacturing or storage

• Question 122:

  Employee Information in Oracle E-Business Suite Release 12 is partitioned by_______.

  A. Legal Entity
  B. Operating Unit
  C. Business Group
  D. HR Organization
  E. Inventory Organization
  C. Business Group

• Question 123:

  A recent shipment of item A was routed to the inspection department according to standard practice, but no receipt for item A is available in the system for inspection. What might have happened?

  A. Requester set the receipt routing to Direct Delivery in the requisition,
  B. Receiving clerk created an express receipt instead of a standard one.
  C. Buyer changed the receipt routing to Standard Receipt in the purchase order line.
  D. Buyer changed the routing to Direct Delivery at the supplier site level for this supplier.
  E. Receiving clerk changed the receipt routing to Standard Receipt at the time of receiving.
  E. Receiving clerk changed the receipt routing to Standard Receipt at the time of receiving.

• Question 124:

  A medium-sized multinational company based in US has two business groups (BG), BG1 (for US) and BG2 (for Europe), with position approval hierarchies H1 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 BG1: $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 requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BG1 who approves it.
  B. 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.
  C. The buyer hi BG1 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 BG1 who approves it.
  D. 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.
  E. The shop floor supervisor in BG1 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 BG1 for a final approval.
  F. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in BG2 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 BG1 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 BG1 who approves it.
  F. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in BG2 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.

• Question 125:

  When a quotation is due to expire within the number of days you specified, then you receive the following message in the Notifications Summary window: Quotations active or approaching expiration: [number]. Where is this [number] set up in the system?

  A. in the Quote Header - Warning Delay field
  B. in the Systems Profile Options - PO: Quote Warning Delay
  C. in Purchasing Options on the 'Default' Tab - Quote Warning Delay field
  D. Lookup Code, which is an (LOV) list of Values, in the Quote Header - Warning Delay field
  C. in Purchasing Options on the 'Default' Tab - Quote Warning Delay field

• Question 126:

  While implementing Oracle Payables, Oracle Purchasing, and Oracle General Ledger at GLO Ltd., you are informed by the accountant that the AP Clearing Account balance is increasing daily. To solve this issue, what would you check in the accounting process?

  A. whether journals are posted regularly
  B. whether suppliers are sequentially numbered
  C. whether the month-end accrual process is run
  D. whether invoices are matched to purchase orders and receipts
  E. whether Oracle Payables transactions are reconciled with Oracle General Ledger
  D. whether invoices are matched to purchase orders and receipts

• Question 127:

  Which statement is true regarding inventory transactions?

  A. Transaction reasons can be used in all transaction forms.
  B. Work in Process would not affect inventory transactions.
  C. Inventory adjustments are not part of inventory transactions.
  D. You can designate, by transaction type, which transaction reasons are available.
  E. You must create at least one user-defined transaction reason for each inventory organization.
  A. Transaction reasons can be used in all transaction forms.

• Question 128:

  XYZ is a metal fabrication company. It wants to classify all metals and plastics into two major groups. There are many subgroups in metals and plastics. All the subgroups are linked to their major group. This group classification is extensively used in all the reports in the organization. Which Oracle functionality can meet the above requirement?

  A. Catalogs
  B. Categories
  C. Catalog and Categories
  D. Category Set and Categories
  E. Group key flexfield enabled in the reports
  F. Group descriptive flexfield enabled in the reports
  D. Category Set and Categories

• Question 129:

  ACME requires cycle counting variance approval tolerances and the Approval Required option is set to: If out of tolerance. When the actual count falls within tolerance, Inventory __________ .

  A. automatically approves and posts the cycle count adjustment
  B. automatically approves, but does not post the cycle count adjustment
  C. holds the cycle count adjustment for approval and posts it after approval
  D. holds the cycle count adjustment for a recount and does not post the adjustment
  A. automatically approves and posts the cycle count adjustment

• Question 130:

  ABC Corp. uses Oracle E-Business Suite Release 12 and wants to design an Order Status Web inquiry screen to make order statuses visible to its customers online. How can ABC Corp. ensure that customers view only their individual order statuses?

  A. by securing attributes for each customer
  B. by excluding attributes for individual customers
  C. by assigning a separate attribute value for INTERNAL_CONTACT_ID
  D. by assigning the same attribute value for CUSTOMER_CONTACT_ID
  A. by securing attributes for each customer