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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which status does not allow a bundle to be reopened?

A) Bundled
B) Cancelled
C) Applied
D) Pending

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) 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.
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 Transition Condition of Status Reason on the Next Status settings that refer to that status.
D) 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.
E) Define a user selectable Status Reason value for the lifecycle status.

3. When setting up pricing for a customer, which option allows you to prevent product prices from parent pricelists being used?

A) the Inheritance flag on the Price Assignment
B) the Priority on the Price List Assignment
C) the Ignore flag on the Price Assignment
D) the Inheritance flag on the Price List Assignment
E) the Apply To flag on the Price Assignment

4. Using Open Item accounting means that ________.

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

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

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

Solutions: