Oracle 1Z0-520 Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

XYZ is a chemical manufacturing company. On a daily basis, it produces 100 kilos of Item A from a single production batch. 100 kilos of item A manufactured from a single batch has a single expiration date. However, the purity of item A varies as follows:

Category 1: 95%

Category 2: 85%

Category 3: 50%

From an implementation perspective, which setup or process would meet this requirement?

AEnable lot control. Map three categories as coproducts.

BEnable lot control for item A. Create three lots to represent the categories.

CEnable lot control for item A. Create three child lots and link them with the parent lot.

DEnable lot and grade control for item A. Have three categories mapped with grades.

EEnable lot and serial control for item A. Create one lot and three categories that are mapped with serial numbers.

Correct : D

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AEnable lot control. Map three categories as coproducts.

BEnable lot control for item A. Create three lots to represent the categories.

CEnable lot control for item A. Create three child lots and link them with the parent lot.

DEnable lot and grade control for item A. Have three categories mapped with grades.

EEnable lot and serial control for item A. Create one lot and three categories that are mapped with serial numbers.

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Question 2

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?

AThe process will generate an invoice for 95 units.

BThe process will generate an invoice for 97 units and a debit memo for 2 units.

CThe process will generate an invoice for 97 units. Then you will have to manually create a debit memo for 2 units.

DThe Return To Supplier transaction already created a debit memo. The Payment on Receipt process will generate an invoice for 97 units.

EThe process will generate an invoice for 100 units. Then you will have to manually adjust the invoice for 3 units and create a debit memo for 2 units.

Correct : A

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AThe process will generate an invoice for 95 units.

BThe process will generate an invoice for 97 units and a debit memo for 2 units.

CThe process will generate an invoice for 97 units. Then you will have to manually create a debit memo for 2 units.

DThe Return To Supplier transaction already created a debit memo. The Payment on Receipt process will generate an invoice for 97 units.

EThe process will generate an invoice for 100 units. Then you will have to manually adjust the invoice for 3 units and create a debit memo for 2 units.

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Question 3

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.

Correct : C

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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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Question 4

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)

Correct : A, D, F, G, H

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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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Question 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.

Correct : A, B, D

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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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Master Oracle 1Z0-520 Exam with Reliable Practice Questions

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