1z0-520

1z0-520 practice questions, page 6 of 10, with answer review and explanations.

Question 26

Which two statements are true regarding approval workflows In Purchasing? (Choose two.)

  1. You can limit approval levels in an Approval Group by Item Category.
  2. Approval routing can cut across legal entities within a business group.
  3. A Purchase Requisition and a Standard Purchase Order cannot have different approval levels.
  4. The Hierarchy Forward Method routes the document to the first approver in the hierarchy who has the required approval limits for that document.
  5. During Position Hierarchy setup, a constraint that must be considered is that the Subordinate must not be the manager of the Position Holder in their regular

Question 27

Which three are true about the Evaluated Receipt Settlement (ERS) proems? (Choose three)

  1. Invoice is always created for the supplier site.
  2. Invoice is always created In unapproved status,
  3. Invoice currency is always defaulted from the purchase order currency.
  4. Payment currency is always defaulted from the purchase order currency,
  5. Payment terms are always defaulted from the purchase order payment terms.
  6. Amount is always determined by multiplying the Quantity received by the purchase order item unit price.

Question 28

There are four tabbed regions In the Supplier Item Catalog window (Negotiated Sources, Prior Purchases, Sourcing Rules, and Requisition Templates), but function security can be used to determine whether a user will be able to see all of them. In release R12, where is the requisition setup option that determines which of the tabbed regions is the default?

  1. in the Profile Options setup
  2. in the Lookup Codes setup
  3. in the Document Types setup
  4. in the Purchasing Options setup
  5. in the Expense Account Rules setup
  6. in the Requisition Preferences setup

Question 29

Price Tolerance (%) on the Purchasing Options Control section refers to the percentage by which ___________.

  1. the purchase order line price cannot exceed a price quote
  2. the invoice price cannot exceed the purchase order line price
  3. the purchase order line price cannot exceed the blanket amount
  4. the supplier catalog price cannot exceed purchase order line price
  5. the purchase order line price cannot exceed the requisition line price

Question 30

Select three statements that are true regarding the clearing account. (Choose three.)

  1. An asset clearing account can also be used as a project clearing account.
  2. You can have a maximum of one asset clearing account per asset category.
  3. For each payables document you create, you can have a separate cash clearing account.
  4. You can use Cash in Transit report in cash management only if cash clearing account and cash account are separate.
  5. You use a separate cash clearing account and cash account to have visibility of the Cash in Transit on the balance sheet.