Oracle EBS R12.1 Purchasing Essentials - 1Z1-520 Free Exam Questions

QUESTION NO: 1
You and your client determined that forecasting methods included with inventory will be sufficient to meet the client's needs. You and the customer have decided to use Focus Forecasting to begin with and move to Exponential Smoothing after one year. Along the way, your customer noticed some definite trends in demand and has requested your help to re-evaluate the forecasting method.
What do you recommend as a forecasting method? What additional information is needed, if any?

Correct Answer: C
QUESTION NO: 2
XYZ Corp. has operations In the U.S. and Canada. Within Canada, It has two separate Divisions due to Statutory requirements: one In Quebec and another In Ontario.
How would you define the organization structure for XYZ Corp. from the Information given above?

Correct Answer: B
QUESTION NO: 3
When implementing Purchasing at FGH Corp., you notice several administrative inefficiencies due to a poorly maintained supplier list. Identify three inefficiencies. (Choose three.)

Correct Answer: B,C,F
QUESTION NO: 4
Application program interface (API) is a software transaction connector for a specific function within Oracle Purchasing. Select three options that describe the function of APIs. (Choose three.)

Correct Answer: B,D,E
QUESTION NO: 5
Which three statements are true about ABC Analysis and cycle count Classes? (Choose three.)

Correct Answer: A,C,D
QUESTION NO: 6
You created an internal requisition to move material between two organizations. The destination is locator controlled. The shipping network between these two locations has been defined as Direct. The shipment transaction fails. What could be the reason for the failure?

Correct Answer: C
QUESTION NO: 7
The Child Lots check box is enabled at the organization item level. Which two statements are true? (Choose two.)

Correct Answer: D,E
QUESTION NO: 8
Which three are true about the Evaluated Receipt Settlement (ERS) proems? (Choose three)

Correct Answer: C,D,E
QUESTION NO: 9
ABC Corp, has the following Organization Structure
1) Legal Entity: A
2) Operating Units: B end C
3) Balancing Entitles: 10. 20. and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

Correct Answer: B,C,D
QUESTION NO: 10
You have Purchase Order approval authority In Oracle E-Business Suite Release 12. You are planning to go on vacation for three weeks without access to email.
Select four ways in which you can manage Workflow notifications using Advanced Worklist options in your absence. (Choose four.)

Correct Answer: A,C,D,E
QUESTION NO: 11
Company X has a single Inventory Organization. It wants to monitor aged material. Specifically, it needs to ensure that its products have the most current calibration. Profile Option INV: FIFO for Original Receipt Date has two selections. Which selection is correct?

Correct Answer: A
QUESTION NO: 12
Consider the following scenario for inventory item A:
1) Standard Cost $10 Purchase Order Line Price: $12, Purchase Order Line Quantity: 10
2) Receipt Routing: Direct Delivery
You created a receipt of 8 units for item A.
Which option correctly describes the effect on different accounts?

Correct Answer: A
QUESTION NO: 13
Identify the correct sequence of steps in the Procure to Pay period dose process.

Correct Answer: C
QUESTION NO: 14
The warehouse has received new stock from an internal distribution warehouse. Which two receiving transactions can be used to put stock into the warehouse's inventory using the Intransit Inventory? (Choose two.)

Correct Answer: A,E
QUESTION NO: 15
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.)

Correct Answer: B,D,E
QUESTION NO: 16
Which are the two mandatory setup steps required during the creation of a new position hierarchy? (Choose two.)

Correct Answer: C,F
QUESTION NO: 17
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?

Correct Answer: D
QUESTION NO: 18
Which Approved Supplier List (ASL) entry would take precedence for an item?

Correct Answer: E
QUESTION NO: 19
A Ledger is a financial reporting entity. What is new in Oracle E-Business Suite Release 12 that facilitates generation of accounting entries?

Correct Answer: B

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