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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. For open item Accounts, which two Financial Transaction Types will never be swept onto a Bill?

A) Bill Segments
B) Adjustments
C) Bill Segment Cancellations
D) Payment Segments
E) Payment Segment Cancellations

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

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

3. Which three options are possible causes for a user not being able to add a Characteristic of a given Characteristic Type against an Account?

A) The Characteristic Type is not enabled for the Account's Division.
B) The Characteristic Type is not enabled for the Account Entity.
C) The value entered for the Characteristic Type doesn't meet the validation rules.
D) The Characteristic Type is not enabled for the Account Entity for the Account's Division.
E) The Characteristic Type is not enabled for the Account's Customer Class.

4. Which three events on a Business Object are multi-system events?

A) Pre-Processing
B) Information
C) Entry
D) Post Processing
E) Audit

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

Solutions: