1Z0-516 Free Practice Test

ABC Corp. has the following Organization Structure:
Legal Entity: A
Operating Units: B and C
Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)

1. A. Each Balancing Entity must balance within itself.
2. B. There can be multiple Balancing Entities within an Operating Unit.
3. C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
4. D. Balancing Entities can be automatically secured at the Legal Entity level.
5. E. Balancing Entities can be secured at the Operating Unit level through Security Rules.

Correct Answer: ABE

Identify the three data types available for part custom fields. (Choose three.)

1. A. “String,” can be changed to “Single Select Menu”
2. B. “Boolean”
3. C. “Float,” can be changed to “Integer”
4. D. “Date,”, can include time
5. E. “Currency”
6. F. “Multi Select Menu”

Correct Answer: ACE

You are the Human Resources lead for the ERP Implementation of ABC Corporation. You have defined the employees in Oracle Human Resources. Select three activities that utilize the employee record. (Choose three.)

1. A. Approvals
2. B. Asset assignment
3. C. Organization creation
4. D. Journal Entry creation
5. E. AutoCreate Purchase Orders

Correct Answer: ABE

Identify three features of Key Flexfields. (Choose three.)

1. A. Key Flexfields are used as identifiers for entities.
2. B. The Key Flexfield structure comprises Segments.
3. C. A Key Flexfield structure consists of multiple code combinations.
4. D. Key Flexfields appear as a single-space field enclosed in brackets.
5. E. Each segment of a Key Flexfield usually contains meaningful information.

Correct Answer: ABE

Your customer wants to create a user that has complete access to the site and has the ability to add and edit new users.
Which procedure should you follow to accomplish this?

1. A. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); set the Type field to FullAccess; click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user, select the Create/Modify Users check box; and click the Update button to save the changes.
2. B. Click the Add button on the User Administration List page, set the Type field to Admin, click the Add button to add the user to the system, click the new user’s name on the User Administration List page to edit the user, select the Create/Modify Users check box, and click the Update button to save the changes.
3. C. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); set the Type field to FullAccess; select the Create/Modify Users check box, and click the Add button to add the user to the system.
4. D. Click the Add button on the User Administration List page; enter values for the required fields (Login, Email, and First Name); click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user; select the Create/Modify Users check box; and click the Update button to save the changes.
5. E. Click the Add button on the User Administration List page; enter values for the required fields (Login, Password, Email, First Name, Last Name, and Phone Number); set the Type field to Admin; click the Add button to add the user to the system; click the new user’s name on the User Administration List page to edit the user; select the Add New Users check box; and click the Add button to save the changes.

Correct Answer: C