Oracle 1z1-322

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Using Open Item accounting means that ________.

A) payments are matched to specific debts
B) payments are held on different Accounts to debt
C) the oldest debt is reduced by Payments
D) payments are matched to the newest debt
E) payments can be split across multiple Contracts

2. Which option identifies the tab(s) on Control Central as a Portal (and not as a fixed page) and allows implementations to configure additional Zones?

A) Account Information only and Customer Information
B) Account Information only
C) Customer Information only
D) Main
E) Main and Customer Information

3. Which three options describe alternatives that could be used to make it necessary for a user to enter a reason for the change before changing the status of a Business Object?

A) Define a user selectable Status Reason value for the lifecycle status.
B) Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.
C) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a Required Element option referring to the element on the lifecycle status.
D) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add an Enter processing Algorithm that checks for the Status Reason.
E) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a required ="true" attribute on the schema element.

4. Which two options trigger Bill generation in ORMB?

A) user invocation
B) creation of a Payment
C) Bill Cycle Schedule
D) creation of an Adjustment
E) creation of a Billable Charge

5. Which three statements are true for base package-supplied Maintenance Objects?

A) Core business rules are written in Java.
B) Core business rules are written in COBOL.
C) Core business rules can be extended.
D) Core business rules can be changed.
E) Core business rules can be removed.

Solutions: