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NEW QUESTION: 1
XYZ Corp. has shipped goods against purchase orders to ABC Corp. ABC Corp. now has to pay for the goods received, and also account and reconcile the transactions. Identify the Oracle E-Business Suite Release 12 Applications involved in these activities for ABC Corp.
A. Inventory, Order Management, General Ledger, and Cash Management
B. Cash Management, Inventory, Payables, and Purchasing
C. Inventory, General Ledger, Purchasing, and Cash Management
D. Cash Management, General Ledger, Inventory, Payables, and Purchasing
Answer: D
NEW QUESTION: 2
For security implementation, the IT Security Manager Job role hierarchy includes the Data Access Administration Duty role, which is entitled to manage data access.
For which task is the "Manage Data Access Sets Task" used?
A. nothing; cannot be used anywhere
B. viewing, treating, or updating data access sets used to secure ledger and ledger sets
C. securing a common object such as an attachment category of a profile option
D. viewing, creating, or changing a data roles template
E. creating data and function roles In Request management
Answer: B
Explanation:
Manage Data Access Sets
Data access sets define a set of access privileges to one or more ledgers or ledger sets.
The information on ledgers that are attached to data access sets are secured by function security. Users must have access to the segment values associated with the data access sets to access the corresponding GL account.
In the security reference implementation, the IT Security Manager job role hierarchy includes the Data Access Administration Duty role, which is entitled to manage data access sets (the entitlement is Define General Ledger Data Access Set). This entitlement provides
the access necessary to perform the Manage Data Access Sets task in General Ledger. Reference: Oracle Fusion Applications Security Guide, Manage Data Access Sets
NEW QUESTION: 3
A firm has just experienced a LIFO liquidation under inflation. Which of the following could be true?
I. The firm's purchases were lower than the number of units sold.
II. The firm experienced a cash drain due to taxes.
III. The firm's income was understated.
A. II & III
B. II only
C. I, II & III
D. I & III
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The LIFO Reserve is defined as the difference between the values of the inventory under FIFO and under LIFO. A decrease in this reserve is referred to as LIFO liquidation. Under the usual case of rising prices, this occurs when units sold exceed units purchased, leading to a "dipping" into the LIFO layers. Since some of the goods sold were purchased at lower prices in previous periods as accounted for by LIFO, COGS gets understated compared to the case where the firm purchases the sold goods in the current period instead of dipping into the LIFO layers. Hence, the firm's income is overstated, leading to higher taxes paid.
NEW QUESTION: 4
Which type of IPv6 address also exists in IPv4 but is barely used?
A. anycast
B. broadcast
C. unicast
D. multicast
Answer: A