Free Oracle 1Z0-516 Exam Questions

Become Oracle Certified with updated 1Z0-516 exam questions and correct answers

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Total 185 Questions | Updated On: Sep 17, 2026

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Question 1

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response?

A : Whether you can do this depends on the formula.

B : You can customize the workflow and then do this.

C : Whether you can do this depends on the responsibility

D : You can do this only if Allow Dynamic Insert is enabled

E : You can do this only if there is a summary account associated with the parent.

Answer: A

Question 2

Which four attributes are validated during the Journal Import process? (Choose four.)

A : period

B : approval level

C : balanced journal

D : cross-validation rule

E : account combination

F : journal sequence number

Answer: A,C,D

Question 3

Your customer has sales organizations in two countries.

The customer wants to make sure that users from one country have access only to quotes from that country.

How do you achieve this?

A : Define two groups: Country A and Country B. For each step, define two different participant profiles: Profile A and Profile B. For each profile, select one matching group

B : Hide Transaction Manager in CPQ and make sure that all access to quotes is performed from the CRM system where you can easily define which quotes should be visible for different users

C : Define different steps (for example, Pending A and Pending B) for each country. The participant profile of each step allows access through user groups (either Group A or Group B depending on the step). Using transition rules, make sure that quotes for Country A are always moved to steps belonging to that country

D : Define two groups: Country A and Country B. Define a participant profile, Sales, for each step. Define an auto-forwarding rule which returns either “Group A~company~Sales” or “Group B~company~Sales”.

Answer: A

Question 4

When using Web Services 1.0, consider the following sequence of a client system calling CPQ Cloud

WebServices.

1. Call Security Login WebServices with User ID and Password.

2. Create a Commerce updateTransaction WebServices call by using an existing transaction ID.

3. Make the following updates in the web service XML:

Set Session ID

Set “_shipTo_first_name” to “myName”

4. Submit the WebService call.

5. Call Security Logout WebServices with the Session ID to close the session.

Based on the given sequence, which two statements are true? (Choose two.)

A : The call in step 4 will throw an error

B : The Commerce transaction should be updated with the new Ship To name

C : The session will still be open

D : Step 3 does not specify an action to execute; therefore, nothing is updated in the transaction

E : Step 5 is unnecessary. Session ID is not needed to log out

Answer: A,C

Question 5

Jane, the GL accountant, asks you whether she could delete the budget after it has been defined. She also wants to know whether she could delete the budget organization after it has been defined. What would be your response?

A : You can delete the budget and the budget organization after they have been defined

B : You cannot delete the budget or the budget organization after either has been defined

C : You cannot delete a budget after it has been defined. However, you can delete a budget organization.

D : You cannot delete a budget organization after it has been defined. However, you can delete a budget

Answer: C

Page: 1 / 37

Total 185 Questions | Updated On: Sep 17, 2026

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