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Question 1:
When you enter a receipt, you first use the Find Expected Receipts window to locate the source document for the receipt. Select four valid source documents for a receipt. (Choose four.)
A. An approved internal requisition line
B. An intransit shipment within your inventory
C. A shipment from a supplier based on a purchase order
D. A move order from inventory for material storage relocation
E. A return from a customer based on a return material authorization (RMA)
F. A shipment from inventory backed by an internal safes order generated by an internal requisition
Correct Answer: BCEF
Question 2:
Which setup profile option allows you to send a report directly to a browser window?
A. Viewer: Text
B. Concurrent: Report Copies
C. Flexfields: Open Key Window
D. Concurrent Report: Access Level
Correct Answer: A
Question 3:
Which three financial options can be defaulted when you enter a new supplier? (Choose three.)
A. Ship Via
B. Default Buyer
C. RFQ-Only Site
D. Bill-To Location
E. Supplier Classification
F. Payment Bank Account
Correct Answer: ACD
Question 4:
An approved supplier list (ASL) is being defined in a multiorganization environment. Which two statements are valid? (Choose two.)
A. Setting up a Global ASL is mandatory.
B. If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.
C. The supplier for an item-supplier association must be global, while the supplier site can be local.
D. Company X has set up Planning and would source planned orders. The approval status of the supplier can be set to New or Approved.
Correct Answer: CD
Question 5:
The buyer decides to automatically update and create sourcing rules, as part of the blanket purchase agreement approval process. However, on clicking the Approve button, the buyer does not see any option to update and create blanket
purchase sourcing rules.
Which profile option has the buyer failed to set up?
A. PO: Automatic Document Sourcing
B. MRP: Default Sourcing Assignment Set
C. PO: Allow Auto-generate Sourcing Rules
D. PO: Allow Autocreation of Oracle Sourcing Documents
Correct Answer: C
Question 6:
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.
Correct Answer: CF
Question 7:
When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies. (Choose three.)
A. entering suppliers twice
B. issuing specific invoices
C. generating inaccurate returns
D. generating inaccurate receipts
E. generating accurate supplier reports
F. issuing more payments than necessary
G. issuing more purchase orders than necessary
Correct Answer: AFG
Question 8:
Your company often orders Items that are sourced from multiple suppliers. At any given time, the supplier varies depending on the supplier\’s current production capability and price offering. The price varies throughout the year. For a particular
item, there is no single supplier that receives the majority of the orders.
What is the best way to set up this item?
A. Create blanket purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
B. Create contract purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
C. Do not create blanket or contract purchase agreements or sourcing rules. Manually AutoCreate requisitions onto standard purchase orders.
D. Create a blanket purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.
E. Create a contract purchase agreement for only one supplier, a sourcing rule for just that supplier, and an approved supplier list entry for that supplier.
Correct Answer: C
Question 9:
The following transactions occurred at BUY Co., where you implemented the ERS functionality in Oracle Purchasing:
Purchase order unit price: $10
Receipt #1001: 150 units (gross of 50 units returned at the time of receiving)
Receipt #1002: 250 units
The Pay on Receipt process is run nightly, with the summary level set to Pay Site at the supplier site. The aging period is 0.
What would the Pay on Receipt process generate for these transactions?
A. a $3500 invoice
B. a $4000 invoice
C. a $50 invoice and a $2500 invoice
D. a $1500 invoice, a $2500 invoice, and a $50 debit memo
E. a $1000 invoice, a $2500 invoice, and a $50 debit memo
Correct Answer: A
Question 10:
You have been asked by the HR Manager to define Oracle Alert to show all employees terminated in the past six months. Identify three pieces of information that is required to define this Alert. (Choose three.)
A. actions that you want Alert to perform
B. frequency with which you want to run this Alert
C. a SQL statement that retrieves terminated employees
D. name of the concurrent program to be run after Alert runs
E. database table name, which stores employee Information to specify In the Event Details section
Correct Answer: ABC
Question 11:
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
Correct Answer: C
Question 12:
Select three true statements regarding the Workflow Document Creation prerequisite (PO Create Documents workflow). (Choose three.)
A. Catalog quote must not be expired, but may be inactive.
B. Supplier and supplier site are required on the requisition related to a contract purchase order.
C. If a system Item is not associated with the requisition line, a supplier item number is required.
D. Sourcing rules are required If the requisition originates in Oracle Purchasing or {Procurement.
E. No source document is required for the PO Create Documents workflow to create a release or purchase order.
F. The only time an approved supplier list is required is if your source document is a blanket purchase agreement and you are using a system item.
Correct Answer: BCF
Question 13:
While defining Approval Groups, which three objects can you define authorization rules for? (Choose three.)
A. Buyer
B. Location
C. Commodity
D. Item Category
E. Account Range
F. Document Amount
Correct Answer: BDE
Question 14:
Select three statements that are true regarding the clearing account. (Choose three.)
A. An asset clearing account can also be used as a project clearing account.
B. You can have a maximum of one asset clearing account per asset category.
C. For each payables document you create, you can have a separate cash clearing account.
D. You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.
E. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.
Correct Answer: BCE
Question 15:
You match an unordered receipt to_____.
A. a purchase order shipment from any organization
B. a Return Material Authorization (RMA. from any organization
C. a purchase order shipment from the same organization for any supplier
D. a purchase release shipment from the same organization for the same supplier
E. a finally closed purchase order shipment from the same organization for the same supplier
Correct Answer: D