1z0-520

1z0-520 practice questions, page 5 of 10, with answer review and explanations.

Question 21

When a quotation is due to expire within the number of days you specified, then you receive the following message in the Notifications Summary window: Quotations active or approaching expiration: [number]. Where is this [number] set up in the system?

  1. in the Quote Header - Warning Delay field
  2. in the Systems Profile Options - PO: Quote Warning Delay
  3. in Purchasing Options on the 'Default' Tab - Quote Warning Delay field
  4. Lookup Code, which is an (LOV) list of Values, in the Quote Header - Warning Delay field

Question 22

Select three true statements regarding the Workflow Document Creation prerequisite (PO Create Documents workflow). (Choose three.)

  1. Catalog quote must not be expired, but may be inactive.
  2. Supplier and supplier site are required on the requisition related to a contract purchase order.
  3. If a system Item is not associated with the requisition line, a supplier item number is required.
  4. Sourcing rules are required If the requisition originates in Oracle Purchasing or {Procurement.
  5. No source document is required for the PO Create Documents workflow to create a release or purchase order.
  6. The only time an approved supplier list is required is if your source document is a blanket purchase agreement and you are using a system item.

Question 23

Consider the following setups: 1) Purchasing System Option enforce Full Lot Quantity * Mandatory 2) Rounding Factor at the item level = 75% 3) Unit of Issue at the item level = Dozen Select two statements that are true. (Choose two.)

  1. If the user enters 6 each on an internal requisition, the quantity will be rounded to 0,
  2. If the user enters 6 each on a purchase requisition, the quantity will be rounded to 0,
  3. If the user enters 11 each on an internal requisition, the quantity will be rounded to 12 each,
  4. If the user enters 11 each on a purchase requisition, the quantity will be rounded to 12 each,
  5. An advisory message suggesting rounding and a suggested rounding quantity are displayed, but you can override this.

Question 24

Requisition Import groups all requisitions with the same group code under the same requisition header. If no group code is specified, Requisition Import groups requisitions according to five types of groups that can be optionally passed to the Requisition Import process. Identify them. (Choose five.)

  1. Group by Item.
  2. Group by price.
  3. Group by buyer.
  4. Group by UOM.
  5. Group by location.
  6. Group by supplier.
  7. Group by description.
  8. Group all requisition lines under one requisition header

Question 25

While defining Approval Groups, which three objects can you define authorization rules for? (Choose three.)

  1. Buyer
  2. Location
  3. Commodity
  4. Item Category
  5. Account Range
  6. Document Amount