Oracle 1Z0-520 Exam Actual Questions

Name: Oracle E-Business Suite 12: Oracle Purchasing Essentials
Brand: QA4Exam
SKU: 1Z0-520
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The questions for 1Z0-520 were last updated on Oct 3, 2024.

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Question No. 1

Select the true statement about Material Status Control.

AThe profile option 'INV: Default Item Status' must be set to Active at the site level to enforce Material Status Control.

BThe profile option 'INV: Material Status Support' must be set to Yes at the site level to enforce Material Status Control.

CThe profile option 'INV: Transaction Reasons Security' must be set to Yes at the site level to enforce Material Status Control.

DThe profile option 'INV: Allow Expense to Asset Transfer' must be set to Yes at the application level to enforce Material Status Control.

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Correct Answer: B

Question No. 2

Which sequence best represents the Procure to Pay life cycle flow?

ARun compliance testing. > Enter suppliers. > Process returns.

BCreate purchase order. > Record manual payment. > File invoices.

CNegotiate contracts. > Fulfill purchase order. > Generate supplier reports.

DEnter invoice. > Match invoice to purchase order. > Return goods to suppliers.

ERequest for quote. > Analyze commodity. > Create payment outside payables.

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Correct Answer: C

Question No. 3

The Requisition Open Interface is loaded from a variety of sources. Identify five. (Choose five.)

AOracle Inventory

BOracle Purchasing

COracle iProcurement

DOracle Order Management

EInternal Requisitions

FOracle WIP (Work in Process)

GFlat files from non-Oracle systems

HOracle MRP (Material Requirements Planning)

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Correct Answer: A, D, F, G, H

Question No. 4

The Child Lots check box is enabled at the organization item level. Which two statements are true? (Choose two.)

AThe lot splitting process is enabled by this feature.

BThe system would maintain lot genealogy with child and parent lots.

CChild lot characteristics are completely different from that of parent lots.

DChild lots are unique and independent lots. They are not linked with parent lots.

EShort expiry lots are child lots. Child lots generate unique numbers across items.

FChild lots are a subdivision of the parent lots and maintain integrity with the parent lots.

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Correct Answer: B, F

Question No. 5

Which three statements regarding inventory forecasting are true? (Choose three.)

AFocus forecasting can only be generated from historical data.

BFocus forecasting is typically used to produce single period forecasts.

CStatistical forecasting can be generated from either historical data or master schedule entries.

DStatistical forecasting enables you to apply exponentially weighted trend and seasonality factors to predict demand.

EStatistical forecasting enables you to simulate various methods of calculating demand so that you can select the best forecasting model.

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Correct Answer: A, B, D

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