Oracle 1z1-322 : Oracle Revenue Management and Billing 2 Implementation Essentials

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. If you need to allocate the revenue from financial transactions to different general leger accounts based on the contract type, which option describes the configuration items involved?

A) Distribution Code, Contract Type, and Rate Component
B) Distribution Code, Contract Type, Rate Component, and Revenue Class
C) Contract Type, Rate Component, and Revenue Class
D) Contract Type, GL Account Algorithm, and Revenue Class

2. Which statement describes what happens when an Account is added to an Active Statement Construct?

A) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
B) Bills produced for this Account after its Start Date in the Statement Detail will be included only in the next statement if they haven't been included in another statement.
C) Bills produced for this Account prior to its Start Date in the Statement Detail and afterthe last Statement date will be included in the next Statement.
D) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
E) Bills produced for this Account prior to its Start Date in the Statement Detail and after the Statement Construct has been made active will be included in the next Statement.

3. Which status does not allow a bundle to be reopened?

A) Cancelled
B) Pending
C) Bundled
D) Applied

4. Which option is true about Person to Person relationships?

A) A Person to Person relationship that includes the Financial Relationship means that the "parent" will receive copies of the"child's" bills.
B) A Person can only be related to one other Person using a given Relationship Type.
C) Recursive Person to Person relationships are possible, but only with different Relationship Types.
D) Recursive Person to Person relationships are possible.

5. Which two are valid sources from which Bill Messages can be retrieved after a Bill is completed?

A) Account
B) Bill Segment Type
C) Contract Type
D) Person
E) Account's Customer Class

Solutions: