1Z0-521 Online Practice Questions and Answers

Identify three correct statements regarding the Credit Card Encryption feature. (Choose three)

A. Credit Card Type is displayed as Card Brand.

B. The entire card information is stored at the order-line level.

C. Oracle Payments is the single repository for multiple payment mode information access applications modules.

D. Oracle payment is the single repository for multiple payment mode information access set up options.

E. The main idea behind the credit card security code and credit encryption is the make the credit card and bank account information more centralized across the application and hence more secure.

Which two are mandatory setups to ship from an organization? (Choose two)

A. Grouping rules

B. Shipping grants

C. Pick release rules

D. Ship confirm rules

E. Open inventory periods

Customer acceptance is applicable for which four order types or models. (Choose four) A. Kits

B. Returns

C. Internal orders

D. Retro bill orders

E. ATO/PTO models

F. Standard orders with service items

G. Standard orders with standard items

Identify the two values that the Reporting Level parameter can have when using cross organization reports with the Multi璒rg Access Control feature. (Choose two.)

A. Ledger

B. Legal entity

C. Operating Unit

D. Security profile

E. Business group

Identify two features of Value Set that has a validation type of "None". (Choose two.)

A. It has an approved list of values associated with it.

B. The entered values must meet the formatting requirements

C. The Flexfield value security rules cannot be used for a segment that uses this Value Set.

D. Users can enter any value that they want even if it does not meet formatting requirements

ABC Corp has the following organization structure :

1) Legal Entity: A 2) Operating units: B and C 3) Balancing Entities: 10, 20, and 30

Identify three correct statements regarding the balancing Entity. (Choose three)

A. Each balancing Entity must balance within itself.

B. There can be multiple Balancing Entities Within an operating unit

C. Balancing Entity is the lowest possible unit in the chart of accounts

D. Balancing Entities can be automatically secured at legal entity level

E. Balancing Entities can be secured at the operating unit level through security Rules

Exhibit

View the exhibit while entering a journal in Journal form, you enter a code combination of

29.402.4519.2103.240 in the five-segment Accounting Flexfield. However you are unable to proceed after entering this account combination.

What could be problem in the structure definition of accounting Flexfield?

A. The "Freeze Rollup Groups" check box is selected

B. The "Allow Dynamic Inserts" check box is deselected

C. The "Freeze Flexfield definition" check box is selected

D. The "Cross Validate Segment" check box is selected

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.

You are a consultant to a company that manufactures and distributes parts for machines. Some of the company's customers are wholesalers and others are the general public. The company has a supply agreement with some of the wholesalers that it would fulfill 90 percent of their orders and other orders within 48 hours of the order placed.

The company is running pick release and it is generating move orders. The company wants to have the orders flow through inventory, and do not want to manually transact the move orders.

Which setting in the pick release rule needs to be changed?

A. Default Pick Confirm set to No

B. Default Pick Confirm set to Yes

C. Default Autocreate Deliveries set to No

D. Default Autocreate Deliveries set to Yes

E. Associate a ship confirm with the pick release rule.

In the Multi-Org model, which organization type is the highest level that impacts accounting?

A. Ledger

B. GRE/Legal Entity

C. Operating unit

D. Inventory Organization

E. Business Group