Yes to both questions, but you just purchased server advanced 7?!!!
You are aware that this is a very old version of FileMaker Server? (Current version is version 13).
And it is my understanding that this was a version with a lot of issues as it was the first to support multiple tables in a single file, so you'll need any available updaters.
Seems like your money would be much better spent getting a more recent version of FileMaker even though you will need to invest more time and effort into the file conversion process.
I doubt there is any way a person could have "just purchased" FMS 7. Certainly not from FileMaker.