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Exam Code: 1Z0-1056-21
Exam Name: Oracle Financials Cloud: Receivables 2021 Implementation Essentials
Vendor: Oracle

60 Questions & Answers
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NEW QUESTION: 1
Minh supports the Change Control database. He has been asked if he can change the "by Month"
Calendar view so that the days that are outside of the selected month are displayed with a light gray
background and dark gray text.
What can Minh do to address this request?
A. Modify the "Monthly" option on the View properties Styles tab. Select a light gray color for the "Not
current" color, and select a dark gray color for the Text color.
B. Create a hidden column immediately before the StartDate column in the view. Select the "Use value as
color" option. Code a formula to evaluate to one set of RGB values for Background and Text if the date
is in the current month, and a different set of RGB values for dates outside the current month.
C. Modify the "Date Area" option on the View properties Styles tab. Select a light gray background and set
the Text color to dark gray. Modify the colors for background and text in the Current option area to
differentiate the gray scheme.
D. This request cannot be met completely, but Minh can set the Body Background color for the entire view
on the View properties Styles tab. He can then control the Text colors by creating a hidden column set
to "Use value as color", and by coding a column value formula to evaluate to RGB values.
Answer: A

NEW QUESTION: 2
Candidate testing often forms part of the selection process. XYZ is currently looking to recruit a Financial Analyst possessing advanced spreadsheet skills. You have been asked to devise a suitable selection test. Which of the following tests would be the most suitable?
A. Cognitive test
B. Specific ability test
C. Personality test
D. Numeracy and literacy test
Answer: B

NEW QUESTION: 3
With respect to the following matters, which is correct if a general partnership agreement is silent?
A. Partnership losses are allocated in the same proportion as partnership profits.
B. A partner may sell the goodwill of the partnership without the consent of the other partners when the
sale is in the best interest of the partnership.
C. A partner may assign his interest in the partnership but only with the consent of the other partners.
D. A partnership will continue indefinitely unless a majority of the partners votes to dissolve the
partnership.
Answer: A
Explanation:
Choice "b" is correct. As a general principle of partnership law, as well as under the Revised Uniform
Partnership Act, in the absence of an agreement otherwise partnership losses are allocated among
partners in the same proportion as partnership profits. Choice "a" is incorrect. A partnership will dissolve
on the death, bankruptcy, incapacity, or other withdrawal of a partner, unless the partners vote to continue.
Choice "c" is incorrect. A partner may assign his interest in the partnership at any time without consent of
the partners since such an assignment does not make the assignee a partner; instead it merely gives the
assignee the assignor's rights to distributions from the partnership. Choice "d" is incorrect. A sale of
partnership good will is an extraordinary transaction that requires consent of the partners. A single partner
has no authority to make such a sale on his own accord.


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