Download Oracle EBS R12.1 Purchasing Essentials.1z0-520.ActualTests.2018-11-28.143q.vcex

Vendor: Oracle
Exam Code: 1z0-520
Exam Name: Oracle EBS R12.1 Purchasing Essentials
Date: Nov 28, 2018
File Size: 189 KB
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Demo Questions

Question 1
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? 
  1. PO: Automatic Document Sourcing
  2. MRP: Default Sourcing Assignment Set
  3. PO: Allow Auto-generate Sourcing Rules
  4. PO: Allow Autocreation of Oracle Sourcing Documents
Correct answer: C
Question 2
A medium-sized multinational company based in US has two business groups (B6), BGI (for US) and B62 (for Europe), with position approval hierarchies HI 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 BGI: $500,000
3) Controller in BG2: $200,000
Which two options represent a valid and efficient approval process? (Choose two.) 
  1. An employee in B62 raises a requisition for $5000. This is verified by the employee's manager and forwarded to the group Controller in BGI who approves it.
  2. 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.
  3. The buyer hi BGI 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 BGI who approves it.
  4. 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.
  5. The shop floor supervisor in BGI 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 BGI for a final approval.
  6. The Purchase Manager in BG2 raises a requisition for $5000 for computer equipment. The Controller in B62 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 3
When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies. 
(Choose three.)
  1. entering suppliers twice
  2. issuing specific invoices
  3. generating inaccurate returns
  4. generating inaccurate receipts
  5. generating accurate supplier reports
  6. issuing more payments than necessary
  7. issuing more purchase orders than necessary
Correct answer: AFG
Explanation:
Question 4
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?
  1. Create blanket purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
  2. Create contract purchase agreements, a sourcing rule identifying all the possible suppliers, and approved supplier list entries.
  3. Do not create blanket or contract purchase agreements or sourcing rules. Manually AutoCreate requisitions onto standard purchase orders.
  4. 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.
  5. 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 5
Which four are supported by the Receiving Open Interface (ROI)? (Choose four.)
  1. Unordered receipt
  2. Dynamic locators
  3. Deliver transactions
  4. Movement statistics
  5. Correct transactions
  6. Receive transactions
  7. Transfer transactions
Correct answer: CEFG
Question 6
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?
  1. a $3500 invoice
  2. a $4000 invoice
  3. a $50 invoice and a $2500 invoice
  4. a $1500 invoice, a $2500 invoice, and a $50 debit memo
  5. a $1000 invoice, a $2500 invoice, and a $50 debit memo
Correct answer: A
Question 7
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.)
  1. actions that you want Alert to perform
  2. frequency with which you want to run this Alert
  3. a SQL statement that retrieves terminated employees
  4. name of the concurrent program to be run after Alert runs
  5. database table name, which stores employee Information to specify In the Event Details section
Correct answer: ABC
Question 8
Consider the following setups:
1) Purchasing System Option enforce Full Lot Quantity * Mandatory 
2) Rounding Factor at the item level = 75% 
3) Unit of Issue at the item level = Dozen 
Select two statements that are true. (Choose two.)
  1. If the user enters 6 each on an internal requisition, the quantity will be rounded to 0,
  2. If the user enters 6 each on a purchase requisition, the quantity will be rounded to 0,
  3. If the user enters 11 each on an internal requisition, the quantity will be rounded to 12 each,
  4. If the user enters 11 each on a purchase requisition, the quantity will be rounded to 12 each,
  5. An advisory message suggesting rounding and a suggested rounding quantity are displayed, but you can override this.
Correct answer: AC
Question 9
Requisition Import groups all requisitions with the same group code under the same requisition header. If no group code is specified, Requisition Import groups requisitions according to five types of groups that can be optionally passed to the Requisition Import process. Identify them. (Choose five.)
  1. Group by Item.
  2. Group by price.
  3. Group by buyer.
  4. Group by UOM.
  5. Group by location.
  6. Group by supplier.
  7. Group by description.
  8. Group all requisition lines under one requisition header
Correct answer: ACEFH
Question 10
While defining Approval Groups, which three objects can you define authorization rules for? (Choose three.)  
  1. Buyer
  2. Location
  3. Commodity
  4. Item Category 
  5. Account Range
  6. Document Amount
Correct answer: BDE
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