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

2. How can Accounts be linked to Persons?

A) An Account can have a Main Customer and an alternate Customer.
B) There is no limit to the number of Relationship Types that can be created and used to link Accounts to Persons.
C) Only one Person can be linked to an Account at a time.
D) You can link accounts to Persons through Billing Hierarchy, Statement Hierarchy, Legal Hierarchy.
E) There is no limit to the number of Contracts that can link a Person to an Account.

3. 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 Lookup to hold the values, and set the Algorithm as the Java Value Name.
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 Field on the Person table, and set the Algorithm as the Validation Rule.

4. Older Maintenance Objects are maintained using object maintenance. How are the business objects of newer Maintenance Objects maintained?

A) ConfigLab
B) Portal Maintenance
C) Data Dictionary
D) Character Large Object (CLOB)
E) Basic Large Object (BLOB)

5. Which statement is correct about Phantom Bundles?

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

Solutions: