Answer: <br><b>Answer posted by Goli on 2005-05-19 20:20:27:</b> Value sets are the defined as list of possible values for a specific purpose. These are assigned to flexfields. These are the only possible values to be choosen from. This eliminates the data entry errors. <br />Ex: COSTCENTER segment in accounting flexfield can have a values set of 1 to 10. You define a valueset as cc_valSet, per say, and assign it to the COSTCENTER. Now only these values can be chosen.
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