Oracle Industries 1z0-322

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which option describes the minimum steps to be performed to assign a PriceList to an account?

A) Configure Rates, Create Rate Definitions, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account, Create Override Pricing
B) Configure Rates, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
C) Configure Rates, Create Rate Definitions, Create Tiering Criteria, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
D) Configure Rates, Create Rate Definitions, Create Products, Create Exchange Rates, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
E) Configure Rates, Create Rate Definitions, Create Products, Assign Productsto PriseLists, Create Pricing, Assign PriceList to Account

2. Which two are valid options for breaking an active Payment Arrangement?

A) Cancel the Payment Arrangement.
B) Let the system monitors break the Payment Arrangement.
C) Manually break the Payment Arrangement.
D) Create a Transfer Adjustment to move the debt away from the Payment Arrangement.
E) Reduce the number of installments to zero.

3. Using Open Item accounting means that ________.

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

4. Which two options describe what happens when the last of multiple invoke statements in a script encounters an error?

A) If it is a BPA script, all the steps are rolled back.
B) If it is a Service script, all the steps are rolled back.
C) If it is a BPA script, all the steps are committed.
D) If it is a BPA script, the earlier steps arecommitted and the final step is rolled back.
E) If it is a Service script, the earlier steps are committed and the final step is rolled back.

5. What can the Web Self Service module be used for?

A) Electronic Bill Presentment and Payment (EBPP)
B) Workflow Management
C) Bill Payment
D) Bill Printing
E) Collections

Solutions:

Question # 1 Answer: C

Question # 2 Answer: D,E

Question # 3 Answer: D

Question # 4 Answer: A,D

Question # 5 Answer: A