1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 7

The materials manager has noticed that several items were created and assigned to various inventory organizations, but the analyst skipped the Copy from Template step. The manager would like to know how to correct the items. Which three statements are true?


Options are :

  • You can change an organization-level attribute with the Master Item window. If you do this, it will update the organization-level attribute across all organizations.
  • You can use the Organization Item window to update organization-level itemattributes. This would update organization-level attributes in your current organization only.
  • To update master-level attributes, use the Master Item window. If an attribute is controlled at the master level, the value of the attribute applies for all organizations to which the item is assigned. (Correct)
  • You can use the Item Attribute Copy form to update the value of an item attribute across multiple organizations in a given organization hierarchy.
  • Apply the template in the organization item. It would automatically update the Master Item window.

Answer : To update master-level attributes, use the Master Item window. If an attribute is controlled at the master level, the value of the attribute applies for all organizations to which the item is assigned.

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 3

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?


Options are :

  • Global Agreement (Correct)
  • Contract Agreement
  • Blanket Purchase Agreement
  • Standard Purchase Order
  • Planned Purchase Order

Answer : Global Agreement

The Purchasing Document Open Interface is used to import purchasing documents from sources outside of Oracle Purchasing. Select the answer that contains all the correct document types or functions that can be interfaced into Oracle through the Purchasing Document Open Interface.


Options are :

  • Standard Purchase Orders, Purchase Order Changes, Contract Agreements, Blanket Purchase Agreements, Planned Purchase Orders.
  • Requisitions, Receipts, Custom Pricing, Contract Agreements, Standard Purchase Orders.
  • Standard Purchase Orders, Purchase Order Changes, Cancel Purchase Order, Requisitions, Receipts
  • Price sales catalog information, Responses to requests for quotations (RFQs) in the form of blanket purchase agreement lines, or catalog quotations, Standard Purchase Orders, Planned Purchase Orders (Correct)
  • Contract Agreements, Standard Purchase Orders, Price sales catalog information, Purchase Order Changes.

Answer : Price sales catalog information, Responses to requests for quotations (RFQs) in the form of blanket purchase agreement lines, or catalog quotations, Standard Purchase Orders, Planned Purchase Orders

Which setup profile option allows you to send a report directly to a browser window?


Options are :

  • Concurrent: Report Copies
  • Flexfields: Open Key Window
  • Viewer: Text (Correct)
  • Concurrent Report: Access Level

Answer : Viewer: Text

1Z0-516 Oracle EBS R12.1 General Ledger Essentials Exam Set 3

Identify two situations in which item information on a requisition CANNOT be sourced from the Approved Supplier List


Options are :

  • The supplier status is New.
  • The supplier is active but the supplier site is made temporarily inactive.
  • The Approved Supplier List is disabled at the line level. (Correct)
  • The Use Approved Supplier flag is unchecked for the item.
  • The supplier status is set to Debarred, but the business rule Sourcing is set to Allow.

Answer : The Approved Supplier List is disabled at the line level.

Identify two statements that are true regarding the defining of your purchasing document approval and routing process


Options are :

  • Oracle Approvals Management is used to configure Purchase Order approval workflows.
  • A planned purchase order and its corresponding planned (scheduled) release can have separate approval limits
  • It is possible to have different approval routing processes for Purchase Requisitions and Internal Requisitions. (Correct)
  • When a requisition is approved, the corresponding purchase order does not need to be approved.
  • Pre-Approved documents do not need to be approved by the next approver.

Answer : It is possible to have different approval routing processes for Purchase Requisitions and Internal Requisitions.

Inventory organizations B1 and M1 each have five unique physical separations of material inventory area, which are under locator control. Customer shippable goods are stored in the Finished Goods Inventory (FGI) storage area. The raw material storage area is called Stores. B1 wants to transfer customer goods from one locator to another. Identify the transaction that will
accomplish the transfer.


Options are :

  • Subinventory transfer (Correct)
  • Sub inventory transfer
  • Account Alias Issue and Receipt
  • Miscellaneous Issue and Receipt

Answer : Subinventory transfer

1Z0-517 Oracle EBS R12.1 Payables Essentials Practice Exam Set 4

Which two reports detail pending inventory adjustments for a count? 


Options are :

  • Physical Inventory Counts Report
  • Cycle Counts Pending Approval Report
  • Cycle Count Listing
  • Physical Inventory Adjustments Report (Correct)
  • Physical Inventory Tag Listing

Answer : Physical Inventory Adjustments Report

Which two are true about the key accounts in the Procure to Pay process? 


Options are :

  • The Invoice Price Variance account is used to record differences between the invoice price and the average cost.
  • The Purchase Price Variance account is used to record differences between the purchase order line price and the average cost.
  • The Exchange Rate Gain or Loss account is used to record differences between the exchange rate used for the purchase order and the exchange rate used for the invoice.
  • The Receiving account is used to record the current balance of material in receiving and inspection. (Correct)
  • The Expense AP Accrual account is used to accrue payable liabilities when you receive items you will capitalize as inventory.

Answer : The Receiving account is used to record the current balance of material in receiving and inspection.

The on-hand quantity balance for item A is 100 and item B is 200. A shipment of 50 for item A and 50 for item B arrived today. The receiving clerk created a receipt for the shipment. After the receipt, the on-hand quantity of items A and B are 150 and 200 respectively. Which one of the possible receipt routing options for items A and B is correct? 


Options are :

  • Item A = Standard Receipt; Item B = Direct Delivery
  • Item A = Direct Delivery; Item B = Standard Receipt (Correct)
  • Item A = Inspection Required; Item B = Direct Delivery
  • Item A = Inspection Required; Item B = Standard Receipt

Answer : Item A = Direct Delivery; Item B = Standard Receipt

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 2

What is the impact of setting the profile option INV: Override Neg for Back flush = Yes?


Options are :

  • Backflush and inventory transactions would not drive inventory negative
  • Back flush transactions would not drive inventory negative.
  • Backflush and inventory transactions would drive inventory negative.
  • it would not allow inventory to be driven negative.
  • Back flush transactions would drive inventory negative. (Correct)

Answer : Back flush transactions would drive inventory negative.

If you have Purchasing as the only installed application, in which two tabs in the Financial Options window are you required to enter information?


Options are :

  • Tax
  • Encumbrance
  • Accounting (Correct)
  • Human Resources
  • Supplier-Purchasing

Answer : Accounting

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?


Options are :

  • Internal requisitions cannot be used for Direct shipping networks.
  • Locator default has not been set up in the transaction default. (Correct)
  • You did not indicate the locator of the destination on the requisition.
  • Locator-controlled destinations cannot be used for Direct shipping networks

Answer : Locator default has not been set up in the transaction default.

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 8

For which three reasons do you create a return in the Purchasing module? 


Options are :

  • to return delivered items to receiving
  • to return externally sourced items to the supplier
  • to return items back to a customer (Correct)
  • to return Return Material Authorization (RMAs) to the customer after material has been delivered to the inventory
  • to return internal shipments

Answer : to return items back to a customer

Your client wants to ensure that back flush operations can continue even if the inventory level is driven below zero. At the same time, they want typical inventory transactions to be prevented from driving inventory levels below zero. Which configuration meets this requirement?


Options are :

  • Org Profile option to Allow Negative Balances = No; Profile option for INV: Override Neg for Back flush = No.
  • Org Profile option to Allow Negative Balances = Yes; Profile option for INV: Override Neg for Back flush = Yes.
  • Org Profile option to Allow Negative Balances = No; Profile option for INV: Override Neg for Back flush = Yes. (Correct)
  • Org Profile option to Allow Negative Balances = Yes; Profile option for INV: Override Neg for Back flush = No.

Answer : Org Profile option to Allow Negative Balances = No; Profile option for INV: Override Neg for Back flush = Yes.

Some move orders are pre-approved requests for subinventory transfers that bring material from a source location to a staging sub inventory within the organization. Identify the correct move order type.


Options are :

  • Shipping move orders
  • Replenishment move orders
  • Pick wave move order (Correct)
  • Move order requisitions

Answer : Pick wave move order

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 6

A parts distributor has a facility that includes several buildings that are used as warehouses. All the warehouses together represent one subinventory in an inventory organization. Each building is multistoried, and each floor (story) has several rooms within each building that are unique to that building. All rooms are used to store material, and the distributor needs the ability to store material and pick material from these rooms. What is the optimum number of segments that you would recommend for the Stock Locator flexfield? 


Options are :

  • 2
  • 1
  • 5
  • 4
  • 3 (Correct)

Answer : 3

Your customer completes four production orders on a daily basis. One of the production orders has quality problems on some finished-good items. The requirements for this situation are:
i) Isolate the defective material from the regular production order output.
ii) The system should prevent this material from being included in external customer order
shipments.
What setup or process can achieve these objectives?


Options are :

  • Define the lot number as a rejected lot. Store this lot in an isolated subinventory.
  • Enable lot control for the item. Assign material status that disallows shipping transactions. (Correct)
  • Enable serial control for the item. Store the serial control item in a separate subinventory that prevents customer shipment.
  • Create a reject locator. Move the items to this locator that prevents customer shipment.
  • Enable lot control for the item. Store the lot in an isolated subinventory.

Answer : Enable lot control for the item. Assign material status that disallows shipping transactions.

Your customer is planning to close the accounting period in Inventory. Before closing the period,the customer would like to view the total number of pending transactions in one form. Which formwould provide this information?


Options are :

  • . Inventory Accounting Period (Correct)
  • Pending Status
  • Find Pending Transactions
  • Transaction Open Interface
  • View Material Transactions

Answer : . Inventory Accounting Period

1Z0-520 Oracle EBS R12.1 Purchasing Essentials Practice Test Set 7

During the RFQ lifecycle, the RFQ is assigned certain statuses. Identify the RFQ lifecycle and its correct sequence.


Options are :

  • Active, In Process, Received, Complete
  • In Process, Received, Accepted, Closed
  • In Process, Active, Printed, Closed (Correct)
  • Active, Printed, Accepted, Complete
  • Requested, Printed, In Process, Received

Answer : In Process, Active, Printed, Closed

Which three statements are true regarding Inventory replenishment methods?


Options are :

  • Reorder point planning considers replenishment lead time.
  • Min-max planning can be performed at the subinventory level.
  • Min-max planning considers order cost.
  • Reorder point planning considers order cost (Correct)
  • Min-max planning considers carrying cost.

Answer : Reorder point planning considers order cost

Consider the following setup: Receipt Close Point = Accepted; Receipt Close Percent = 5%. A shipment of 100 units for item A was scheduled to be delivered today. The shipment status changed to Closed for Receiving after processing the delivery. Which statement is true about this delivery?


Options are :

  • 99 units of A are received and 5 are rejected after inspection.
  • 110 units of A are received and 94 are accepted
  • 110 units of A are received and 103 are delivered to the inventory (Correct)
  • 95 units of A are received and waiting in the receiving dock.

Answer : 110 units of A are received and 103 are delivered to the inventory

You created an internal requisition to move material between two organizations. The destination islocator 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?


Options are :

  • Locator-controlled destinations cannot be used for Direct shipping networks.
  • Internal requisitions cannot be used for Direct shipping networks
  • You did not indicate the locator of the destination on the requisition.
  • Locator default has not been set up in the transaction default. (Correct)

Answer : Locator default has not been set up in the transaction default.

Two Customer Service Representatives each book a sales order for an item that is revision and lot controlled. There are no other open, active sales orders for this item. Each Customer Service Representative pick releases their order to the same warehouse independently. The Pick Release Rule used by both includes Auto Allocation. On the resulting Move Orders, Inventory has allocated all the requested quantity for one of the sales orders, but only half the requested quantity on the second sales order was available to be allocated. Using the Transact Move Orders form, which action sequence can the warehouse person use to reduce the allocation on the first Move Order so that both customer orders can be equally satisfied?


Options are :

  • 1. View/Update Allocations; 2. Change the allocated Revision and Quantity values, as appropriate; 3. Change the Destination Subinventory.
  • 1. View/Update Allocations; 2. Change the allocated Revision and Quantity values, as appropriate.
  • 1. View/Update Allocations; 2. Change the allocated Lot and Quantity values, as appropriate; 3. Select the appropriate Missing Quantity Action. (Correct)
  • 1. View/Update Allocations; 2. Change the allocated Revision and Quantity values; 3. Change the allocated Lot and Quantity values, as appropriate.

Answer : 1. View/Update Allocations; 2. Change the allocated Lot and Quantity values, as appropriate; 3. Select the appropriate Missing Quantity Action.

Identify the purpose of using Material Status controls


Options are :

  • to select the transactions that are permitted to use the inventory on-hand quantity (Correct)
  • to define the transactions that are permitted for an inventory organization
  • to prevent unnecessary cycle counting in an inventory organization
  • to permit updates to the Item Master record

Answer : to select the transactions that are permitted to use the inventory on-hand quantity

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 5

In the eTRM Technical Reference, where can you find the workflows associated with an application?


Options are :

  • FND data (Correct)
  • PDF files
  • DBA data
  • HTML files

Answer : FND data

1Z0-520 Oracle EBS R12 Purchasing Essentials Practice Exam Set 8

Which three are correct security/access levels for purchasing documents? 


Options are :

  • Public (Correct)
  • All
  • Owner
  • Buyer

Answer : Public

Which two statements are true about lot numbers?


Options are :

  • Lot numbers have to be of a fixed length.
  • . Lot numbers have to be numeric only.
  • Lot numbers can be user defined. (Correct)
  • . Lot numbers can be generated only at the organization level

Answer : Lot numbers can be user defined.

There are no interdependent attributes. Which three statements are true about defining an itemusing a template?


Options are :

  • A template can be applied only at the master organization level.
  • A template can be applied at the master or child organization levels. (Correct)
  • You can apply multiple templates to an item.
  • Modifying an item template would automatically update the items that were previously defined using that template

Answer : A template can be applied at the master or child organization levels.

1Z1-574 Oracle IT Architecture Essentials Practice Exam Set 7

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


Options are :

  • Custom Pricing (Correct)
  • Load Receipt Returns
  • Load Requisitions
  • Load Receipts

Answer : Custom Pricing

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