Oracle 1z0-520 Exam Questions Free Practice Test

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Questions # 21:

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:

Enable lot control for the item. Store the lot in an isolated subinventory.

Define the lot number as a rejected lot. Store this lot in an isolated subinventory.

Create a reject locator. Move the items to this locator that prevents customer shipment.

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

Enable serial control for the item. Store the serial control item in a separate subinventory that prevents customer shipment.

Expert Solution

Questions # 22:

Which two statements are true regarding lot-based unit of measure (UOM) conversions? (Choose two.)

Options:

You cannot update existing on-hand balances for lot-based UOM conversions.

You can create lot-specific UOM conversions for on-hand lots or lots with a zero balance.

You cannot create lot-specific UOM conversions for on-hand lots or lots with a zero balance.

During a PO receipt, the lot-based conversion cannot be updated if the lot does not match existing conversion rates.

Updating the on-hand balance on a lot-based UOM conversion requires a cycle count transaction with the lot number provided in the count record.

Expert Solution

Questions # 23:

Your customer sets up an item with the wrong primary unit of measure (UOM) and transacts for a couple of years. Now the customer realizes that the unit of measure setup was incorrect. How can you correct the UOM after transactions have been made?

Options:

You can change the UOM easily in the organization items.

You cannot correct the primary UOM for the item after transactions.

You can easily correct the primary UOM by changing the value in the item master.

You can delete items using delete group and create the item again using the correct primary UOM.

Expert Solution

Questions # 24:

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

Options:

The supplier status is New.

The Approved Supplier List is disabled at the line level.

The Use Approved Supplier flag is unchecked for the item.

The supplier is active but the supplier site is made temporarily inactive.

The supplier status is set to Debarred, but the business rule Sourcing is set to Allow.

Expert Solution

Questions # 25:

ACME is using cycle counting and the quantity variance approval tolerances are specified at the cycle count header level, cycle count Class level, and cycle count item level. When tolerances are set up at all the levels, which tolerance is considered first by Inventory?

Options:

Unit cost level

Subinventory level

Cycle count item level

Cycle count class level

Cycle count header level

Expert Solution

Questions # 26:

An item has its Lot Control attribute set to Full Control. The Active material status does not have any transaction types related to lot control enabled for material status control. This status is assigned to all lot numbers associated with the item. The subinventory where the item's lot numbers are all located also has the Active material status. How will the application respond when a user tries to submit a subinventory transfer transaction?

Options:

The transaction will be accepted.

An error message will be generated.

The transaction will be accepted, but will be registered as a transfer to and from the same subinventory.

The transaction will be accepted, but the item cost update will have to be processed separately by the user.

Expert Solution

Questions # 27:

How can you create reservations for the material based on scheduled demand for a Complex Maintenance Repair and Overhaul (CMRO) work order when the material does not exist in the on-hand inventory?

Options:

CMRO work orders are not eligible for reservations.

CMRO requires inventory on hand to support reservation.

CMRO creates reservation against a purchase order or any other supply source.

CMRO creates a WIP job to make the material before you can create the reservation.

Expert Solution

Questions # 28:

The purchasing manager of ABC Corp., needs to procure aluminum sheets. The purchasing manager wants to default supplier, site, and source document information on the requisition.

The purchasing manager creates an approved supplier list and sourcing rule, but does not associate any source document in the approved supplier list.

A global agreement, a quotation, a request for quotation (RFQ) and blanket agreement exist for this item.

The purchasing manager sets the “PO: Automatic Document Sourcing” to Yes.

The supplier and supplier site information are as follows:

GLOBAL AGREEMENT :SUPPLIER A SITE1

QUOTATION :SUPPLIER A SITE2

RFQ :SUPPLIER B SITE1

BLANKET AGREEMENT :SUPPLIER B SITE2

Which supplier and supplier site would default on the requisition?

Options:

SUPPLIER B, SITE2

SUPPLIER A, SITE2

SUPPLIER A, SITE1

SUPPLIER B, SITE1

No supplier or site information would be populated.

Expert Solution

Questions # 29:

Which four are true about the Future Periods field in the Financials Options window? (Choose four.)

Options:

You cannot import or enter invoices in a future period.

You can import/enter invoices in future periods, pay and create accounting entries for them.

You can change this number to the maximum number of future periods you want to allow in Payables.

You can import/enter invoices in future periods but you cannot pay or create accounting entries for them.

The first time you enter this field, Payables defaults the number of future periods you use in your Ledger as a default.

Payables uses this value to limit the number of future periods you can maintain in the Control Payables Periods window.

After you change the status of a future period to Open, you can change it back to Future only if you did not create any transactions in that period.

Expert Solution

Questions # 30:

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?

Options:

Focus Forecasting

Exponential Smoothing

Exponential Smoothing with Trend Enhanced Forecasting, Alpha and Beta Coefficients

Exponential Smoothing with Season Enhanced Forecasting, Alpha and Beta Coefficients

Exponential Smoothing with Season Enhanced Forecasting, Alpha and Gamma Coefficients

Expert Solution

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