Download Oracle EBS R12.1 Purchasing Essentials.1z0-520.PassCertification.2020-01-24.170q.vcex

Vendor: Oracle
Exam Code: 1z0-520
Exam Name: Oracle EBS R12.1 Purchasing Essentials
Date: Jan 24, 2020
File Size: 524 KB
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Demo Questions

Question 1
There are several types of RFQ, Including Catalog RFQ, Standard RFQ, and Bid RFQ. 
There are only two classes of RFQ. Identify the two valid classes and their appropriate purposes. (Choose two.)
  1. Bid Class, which supports Shipments
  2. Standard Class, which supports Items
  3. Planned Class, which supports Catalogs
  4. Catalog Class, which supports Price Breaks
  5. Cost Class, which supports Bid Price Breaks
  6. Category Class, which supports Supplier Catalogs
  7. Contract Class, which supports Total Dollars Agreed to
Correct answer: AD
Question 2
Select the best business practice for a supplier that is being newly added to the Approved Supplier List.
  1. Allow PO Approval, Sourcing, Schedule Confirmation and Manufacturer Link
  2. Allow PO Approval, Sourcing and Schedule Confirmation but not Manufacturer Link
  3. Allow PO Approval, Sourcing and Manufacturer Link but not Schedule Confirmation
  4. Allow PO Approval, Schedule Confirmation and Manufacturer Link but not Sourcing
Correct answer: C
Question 3
Which three financial options can be defaulted when you enter a new supplier? (Choose three.)
  1. Ship Via
  2. Default Buyer
  3. RFQ-Only Site
  4. Bill-To Location
  5. Supplier Classification
  6. Payment Bank Account
Correct answer: ACD
Question 4
Which window in Purchasing would you use to copy on existing global Approved Supplier List entry and make it local to your organization?
  1. Supplier Status
  2. Request For Quotation
  3. Supplier-Item Attributes
  4. Approved Supplier List Statuses
  5. Sourcing Rule/Bill of Distribution Assignments
Correct answer: C
Question 5
Which two statements are true about using foreign currency? (Choose two)
  1. Requisition total is expressed in foreign currency.
  2. Currency can be changed even after a requisition is approved.
  3. Currency cannot be changed once a purchase order is approved.
  4. A foreign currency reference can be specified for each purchase order line.
  5. Requisition can automatically source blanket agreements or catalog quotations with foreign currency information.
Correct answer: CD
Question 6
A multinational company is setting up the sourcing rules and approved supplier list (ASL) to source inventory items across different organizations. 
Which two statements are true? (Choose two.)
  1. You do not need to create a local ASL if you create a Global ASL
  2. Inventory organizations used in the sourcing rules must be set up in the Shipping Networks.
  3. You need to match the supplier between a sourcing rule and an ASL, but not the supplier site.
  4. The country of origin must be entered in the ASL, or it would not be available on the purchasing document.
  5. A commodity can be assigned to a supplier at both the global level and at the local level, and the local level assignment takes precedence.
Correct answer: BE
Question 7
An approved supplier list (ASL) is being defined in a multiorganization environment.  
Which two statements are valid? (Choose two.)
  1. Setting up a Global ASL is mandatory.
  2. If a supplier item has a local ASL setup, you cannot set it up on a Global ASL.
  3. The supplier for an item-supplier association must be global, while the supplier site can be local.
  4. 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 8
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.)
  1. 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.
  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 in 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.
  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 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.
  6. 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 9
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
Question 10
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
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