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Oracle 1z0-322 Exam Syllabus Topics:

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. 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) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next 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) 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.
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.

2. What happens when the source of Financial Transaction is canceled?

A) The source Financial Transaction status is changed to canceled and a new reversal Financial Transaction is created.
B) A new reversal Financial Transaction is created.
C) The source Financial Transaction is deleted.
D) The source Financial Transaction status is changed to canceled.
E) The source Financial Transaction is deleted and a new reversal Financial Transaction is created.

3. Using Open Item accounting means that ________.

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

4. Which two options allow a specific price, percent, or flat charge to be directly specified on a Rate Component?

A) Bill Factor Value
B) Bill Factor
C) Service Quantity
D) Explicitly Specified
E) Rate Component Value Algorithm

5. In order to map an element that physically resides in a column on a Maintenance Object's primary table to a Business Object schema you would use the schema attribute ______

A) MapPrimTable
B) MapElement
C) MapTable
D) MapField
E) MapChild

Solutions: