1Z0-518 Free Practice Test

Identify two Descriptive Flexfield components whose values are used to determine Contexts. (Choose two.)

1. A. the Context field
2. B. Global Segments
3. C. the Reference field
4. D. Context-sensitive Segments

Correct Answer: AC

Organizations have unique credit policies that aid for managing their collections and establishing relationships with customers.
Describe the two dimensions on which Oracle Credit Management is based. (Choose two.)

1. A. various customer credit classifications
2. B. various credit review types identified by collectors
3. C. various analysis of prior billing period and receipt history of customers
4. D. various analysis of customers on the basis of the aging of their outstanding balances

Correct Answer: AB

Which three statements are true about accounting rules? (Choose three.)

1. A. Accounting rules enable you to defer revenue.
2. B. Accounting rules enable you to define fixed and variable rules to recognize revenue.
3. C. Accounting rules enable you to define the number of periods and percentage of total revenue that you can record in each accounting period.
4. D. Accounting rules enable you to define the number of periods and amount of invoice that you can bill your customer in each accounting period.

Correct Answer: ABC

ABC Corp. has set up the Asset Category Key Flexfield. It has also set up a Descriptive Flexfield to store vehicle Information associated with the asset category "Vehicle." Identify two correct statements (Choose two.)

1. A. The setting up of the Descriptive Flexfield is mandatory.
2. B. The Asset Category Flexfield is owned by the Oracle Assets module.
3. C. The Descriptive Flexfield attributes are associated with tables in the Oracle Assets module.
4. D. Only the Asset Category Key Flexfield is associated with tables In the Oracle Assets module.

Correct Answer: BC

A global company uses Oracle E-Business Suite Release 12 for its operations in the U.S. and Canada. The company is now adding Mexico to the Oracle E-Business Suite Release 12 Applications. As a system administrator, you need to set the MO: Operating Unit profile option for Mexico. Customer is not using Multi-Org Access Control.
You set the MO: Operating Unit profile option at the _____level.

1. A. Site
2. B. User
3. C. Application
4. D. Responsibility

Correct Answer: D