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2021 Jun 1Z0-520 Study Guide Questions:
Q41. Which two statements apply to a Physical Inventory Tag as defined by Inventory? (Choose two.)
A. Physical Inventory Tags cannot be bar coded.
B. It can contain a count for a group of a given item.
C. It is produced and printed by the Generate Physical Inventory Tags function.
D. It is unique for every stock locator/item/lot number/serial number combination.
E. It is used to indicate to the warehouse staff that a count has been recorded for that location, so that a duplicate count is not performed.
Q42. Which two statements are true about using foreign currency? (Choose two)
A. Requisition total is expressed in foreign currency.
B. Currency can be changed even after a requisition is approved.
C. Currency cannot be changed once a purchase order is approved.
D. A foreign currency reference can be specified for each purchase order line.
E. Requisition can automatically source blanket agreements or catalog quotations with foreign currency information.
Q43. Which three are valid setup options for purchasing document types? (Choose three.)
A. Archive On
B. Forward Method
C. Default Hierarchy
D. Security Access Level
E. Can Change Hierarchy
F. Owner Cannot Approve
Latest 1Z0-520 test:
Q44. BMC is preparing to convert purchase orders (POs) from their legacy system into Oracle.
Their legacy system had intelligent numbering with leading characters, which they want to be converted. However, after conversion, they want to have nonintelligent numbering; therefore, the system is set up for nonintelligent numbering.
During conversion, the sequence of PO conversion is to be as follows:
1) Manually enter two weeks of POs because the legacy system was shut down with the new PO numbering method.
2) Convert the legacy POs.
What is correct in this situation?
A. Leave the setups as is, but convert the legacy POs first, then the manual POs.
B. The system is set up for nonintelligent numbering; therefore, the legacy POs cannot be converted with intelligent numbering.
C. No setup changes are necessary as long as you ensure that the next automatic number is larger than the largest legacy PO number.
D. Switch setups from Automatic to Manual, then enter the manual POs, and then switch setups back to Automatic and automatically convert all legacy POs.
E. Enter the manual POs, then change the PO numbering options to Manual (alphanumeric), convert legacy POs, and then change the PO numbering options back to Automatic.
Q45. You are working on an implementation of Oracle Purchasing at a financial institution. The client has strategically sourced a firm for all its desktop needs. Volume discounts apply. The client has standardized pricing requirements for specific brands of equipment and peripherals. Which two types of procurement documents would you suggest?
A. Global Agreement
B. Contract Agreement
C. Planned Purchase Order
D. Standard Purchase Order
E. Blanket Purchase Agreement
Q46. Some move orders are pre-approved requests for subinventory transfers that bring material from a source location to a staging subinventory within the organization. Identify the correct move order type.
A. Shipping move orders
B. Pick wave move order
C. Move order requisitions
D. Replenishment move orders
E. Automatic move order requisitions
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Q47. You received 100 units of item A on Monday. On Tuesday, you discovered that three units are missing from the shipment. You entered a correction to adjust the quantity received to 97. On Wednesday, you found two units damaged and you created a Return To Supplier transaction. The profile option PO: ERS Aging Period is set to 3 days. What is true if the Payment on Receipt process is run on Friday?
A. The process will generate an invoice for 95 units.
B. The process will generate an invoice for 97 units and a debit memo for 2 units.
C. The process will generate an invoice for 97 units. Then you will have to manually create a debit memo for 2 units.
D. The Return To Supplier transaction already created a debit memo. The Payment on Receipt process will generate an invoice for 97 units.
E. The process will generate an invoice for 100 units. Then you will have to manually adjust the invoice for 3 units and create a debit memo for 2 units.
Q48. ABC Corp. has determined Its Accounting Key Flexfield structure for the implementation of Oracle E-Buslness Suite Release 12. The Accounting Key Flexfield structure contains five Segments: Company, Business Unit, Department, Account, and Product.
They have the following requirements:
1) The Department values should be based on the Business Units.
2) They want to produce a quarterly Balance Sheet for each Company.
Which three statements are true? (Choose three.)
A. The Product Value Set is dependent on the Accounts.
B. The Business Unit Value Set is defined as Independent.
C. The Account Segment has a Value Set with no Validation.
D. The Company Segment is qualified as the Balancing Segment.
E. The Department Segment is qualified as an Intercompany Segment.
F. Cross-validation rules are required to enforce dependency of Departments on the Business Units
Q49. Which three statements are true regarding Inventory replenishment methods? (Choose three.)
A. Min-max planning considers order cost.
B. Min-max planning considers carrying cost.
C. Reorder point planning considers order cost.
D. Reorder point planning considers replenishment lead time.
E. Min-max planning can be performed at the subinventory level.
F. When an item is defined, both reorder point planning and min-max planning can be specified to place limits on the calculated reorder point.
Q50. Your client does not want to implement account alias issues or receipts. When performing setups, what should you do about the account alias flexfield?
A. Define segments, but do not compile.
B. Create at least one alias, compile, then disable the alias.
C. Ignore the account alias flexfield because it would not be required.
D. Compile the flexfield structure because it is required by Oracle Inventory.
E. Define default account aliases that can be used at a later date, but ensure they are disabled now.