Oracle Oracle Certifications 1Z0-521 Questions & Answers

• Question 41:

  Opus Trading Inc. sells commodities. The sales price of corn is the daily closing price of corn listed in the commodities exchange. This price is maintained in the price list, which is updated daily at the end of the day after the close of the futures market in the commodities exchange.

  This price from the price list is what Opus charges the customer for all shipments for the next working day. Given this business scenario, what is the best solution to charge the correct price to the customer?

  A. Use Workflow with re-price at the time of shipment.

  B. Use the Action menu to re-price the line just after shipment.

  C. Use the Action menu to re-price the line just before shipment.

  D. Use the price date on the order line; monitor the order line shipment date, and just before shipment, manually update the price date to make it same as the actual shipment date.

  Correct Answer: A

• Question 42:

  Identify the correct statements regarding the enhanced online transaction security features. (Choose two.)

  A. Additional setup is needed in Order Management.

  B. Validation for Credit Card Security Code occurs at order entry.

  C. Credit Card Security Code is a mandatory feature for release 12.

  D. A new field Credit Card Security Code is added on the Standard and Quick Sales Order form and the Order Import correction form.

  E. The main idea for enhancing transaction security is a more decentralized Credit Card and Bank Account information system.

  F. When the Credit Card Security Code for a particular order is entered, validated, and saved, any user with OM superuser responsibility can view the Security Code for the Credit Card.

  Correct Answer: BD

• Question 43:

  Typically, which type of customer environment would use pick release with a ship confirm rule?

  A. customer using lot controls

  B. customers using counter sales

  C. customers using containerized shipping

  D. customers using handled picking devices (MSCA)

  E. customers with serial number controlled environment

  Correct Answer: B

• Question 44:

  Select three Item Attributes groups. (Choose three.)

  A. General Planning

  B. Order Management

  C. Periodic Manufacturing

  D. Process Manufacturing

  E. Discrete Manufacturing

  F. Repetitive Manufacturing

  Correct Answer: ABD

• Question 45:

  Shared entities are used throughout Oracle E-Business Suite Release 12. Identify the four entities that are shared. (Choose four.)

  A. Ledger

  B. Sales Force

  C. Unit of Measure

  D. Invoice Sources

  E. Oracle Application Object Library (AOL)

  Correct Answer: ABCE

• Question 46:

  Identify three features of Key Flexfields. (Choose three.)

  A. Key Flexfields are used as identifiers for entities.

  B. The Key Flexfield structure comprises Segments.

  C. A Key Flexfield structure consists of multiple code combinations.

  D. Key Flexfields appear as a single-space field enclosed in brackets.

  E. Each segment of a Key Flexfield usually contains meaningful information.

  Correct Answer: ABE

• Question 47:

  ABC Corporation has a business requirement to schedule an order without any inventory reservation for standard items. Which setup options or activities could be used to prevent inventory reservation? (Choose all that apply.)

  A. Profile option OM: Autoschedule

  B. Profile option BOM: Automatic Reservation

  C. Profile option OM: Reservation Time Fence

  D. Enter the order line with a Schedule Ship data outside the Reservation Time Fence

  Correct Answer: CD

• Question 48:

  A table has 15 Attribute columns to capture additional information. The attributes 1-12 are set up in the Descriptive Flexfield as Global Segments. How many attributes can be set up under any new context?

  A. 1

  B. 3

  C. 15

  D. 12

  E. 11

  Correct Answer: B

• Question 49:

  Which two parameters facilitate cross organization reports in a Multi-Org environment? (Choose two.)

  A. Ledger

  B. Legal Entity

  C. Operating Unit

  D. Reporting Level

  E. Reporting Context

  Correct Answer: DE

• Question 50:

  Identify three correct statements about the Operating Unit in a Multi-Org model of Oracle E-Business Suite Release 12. (Choose three.)

  A. It is the highest level in the Multi-Org structure.

  B. It is an organization type that secures transaction data.

  C. An Operating Unit can be assigned to multiple Legal Entities.

  D. An Operating Unit can be associated with a single Legal Entity.

  E. Multiple Operating Units can be assigned to a single responsibility.

  Correct Answer: BDE