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

2. Which option describes the steps that allow new custom data fields, that only accept numeric values, to be stored against a Customer?

A) Create a validation Algorithm, define an Adhoc Value Characteristic for the Person entity, and set the Algorithm as the Validation Rule.
B) Create a validation Algorithm, define a Field on the Person table, and set the Algorithm as the Validation Rule.
C) Create a validation Algorithm, define a Field on the Customer table, and then set the Algorithm as the Validation Rule.
D) Define a Predefined Value Characteristic for the Person entity and add the digits 0-9 as Predefined values.
E) Create a Validation Algorithm, define a Lookup to hold the values, and set the Algorithm as the Java Value Name.

3. The types of debt handling supported in ORMB are _____________.

A) Open Item and Current Item
B) Open Item and Pay-It-Forward
C) Open Item and Balance Forward
D) Balance Forward only
E) FIFO and Balance Forward

4. Which statement is correct about Phantom Bundles?

A) The ratio of product quantities is used to determine the rate for volume-based pricing.
B) The ratio of product quantities is used to determine the total quantity for discount purposes.
C) Pricing is defined at the Bundle level.
D) Pricing is not defined at the Bundle level.
E) For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.

5. Which two options are valid spots for plug-in logic?

A) Customer Class -Bill Segment Freeze/Cancel
B) Bill Segment Type - Bill Segment Freeze/Cancel
C) Contract Type - Bill Creation
D) Rate Component - Pricing Algorithm
E) Customer Class - Bill Completion

Solutions: