Oracle 1z1-322 Q&A - in .pdf

  • 1z1-322 pdf
  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Aug 31, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
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  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: Oracle Revenue Management and Billing Architecture- Data model and key entities
- Application architecture and components
- System configuration concepts
Topic 2: Customer and Account Management- Customer lifecycle
- Account and relationship management
- Service agreements and contracts
Topic 3: Pricing and Charge Management- Adjustments and exceptions
- Rate schedules
- Pricing configuration
Topic 4: Payments and Financial Processing- Payment processing
- Collections and refunds
- Financial transactions and accounting integration
Topic 5: Billing and Revenue Processing- Bill calculation and generation
- Revenue management concepts
- Billing cycles
Topic 6: Implementation and Administration- Business objects and algorithms
- Batch processing
- Monitoring, troubleshooting, and deployment

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

Question 1

Which two options trigger Bill generation in ORMB?

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


Question 2

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 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.
C. 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.
D. Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.
E. 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.


Question 3

In addition to the base package tables/fields, which two options may be used to store additional attributes that may not fit into the base package tables/fields without introducing database changes?

A. Character Large Object (CLOB)
B. Characteristics
C. Custom fields on base package tables
D. Basic Large Object (BLOB)
E. Custom child table(s) linked to base package parent tables


Question 4

Using Open Item accounting means that ________.

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


Question 5

What is the correct sequence of steps required to create and implement a plug-in?

A. Write program logic, create Algorithm referencing program, plug in Algorithm into applicable plug-in point.
B. Write program logic, create Algorithm Type referencing program, plug in Algorithm Type into applicable plug-in point.
C. Write program logic, plug in to appropriate plug-in point.
D. Write program logic directly into plug-in point.
E. Write program logic, create Algorithm Type referencing program, create Algorithm referencing Algorithm Type, plug in Algorithm into applicable plug-in point.


Solutions:

Question 1
Answer: C,D
Question 2
Answer: A,C,E
Question 3
Answer: D,E
Question 4
Answer: E
Question 5
Answer: B

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