Oracle Revenue Management and Billing 2 Implementation Essentials v6.0 (1z0-322)

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Total 79 questions

Which option is true about Person to Person relationships?

  • A. Recursive Person to Person relationships are possible.
  • B. A Person to Person relationship that includes the Financial Relationship means that the parent will receive copies of thechilds bills.
  • C. Recursive Person to Person relationships are possible, but only with different Relationship Types.
  • D. A Person can only be related to one other Person using a given Relationship Type.


Answer : C

Which three statements are correct in reference to Case Type?

  • A. They define if a Responsible User is required.
  • B. They define additional fields to be entered as part of the Case.
  • C. They define multiple initial and final states within the Case’s lifecycle.
  • D. They define the template for outgoing letters.
  • E. They control the lifecycle of the Case.


Answer : B,C,E

If a customer makes a payment for more than what is due for the account, which entity contains the logic for how this overpayment should be handled?

  • A. Pay Segment Type
  • B. Installation Options
  • C. Tender Type
  • D. Contract Type
  • E. Customer Class


Answer : A

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


Answer : B

After a bill has been generated and sent to a customer, a business user may discover an error and will need to correct the charges that were generated.
Which option describes the functionality where canceled and rebilled Bill Segments are presented on a new Bill that must not contain new charges?

  • A. Debit Notes
  • B. Off Cycle Bill Generator
  • C. Credit Notes
  • D. Correction Notes
  • E. Cancel/Rebill


Answer : E

Reference:
https://docs.oracle.com/cd/E16754_01/doc.75/e16696/bll_run_billing_apps.htm#BRMBL48

What happens when the source of Financial Transaction is canceled?

  • A. The source Financial Transaction is deleted and a new reversal Financial Transaction is created.
  • B. The source Financial Transaction is deleted.
  • C. The source Financial Transaction status is changed to canceled.
  • D. A new reversal Financial Transaction is created.
  • E. The source Financial Transaction status is changed to canceled and a new reversal Financial Transaction is created.


Answer : C

Which option describes the steps required to ensure a characteristic is provided when a case is first saved, whether it is created manually or by a script?

  • A. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic and a Default Value.
  • B. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true, add a Default Value for the characteristic.
  • C. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true on the Initial State of the Lifecycle.
  • D. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic.


Answer : C

What is specifically needed to turn an Adjustmentinto a Transfer Adjustment?

  • A. the user populates the Transfer Adjustment tab
  • B. the Approval Profile has a debit and credit hierarchy
  • C. the Generate Adjustment algorithm allows for it
  • D. the Generate Adjustment algorithm allows for it and the user populates the Transfer Adjustment tab
  • E. the Adjustment Type needs two Distribution Codes


Answer : A

The calculation for one bill segment relies on information calculated by another bill segment for the same account. How should you do this?

  • A. Define the billing processing sequence on the Rate Schedule to control the order in which the Contracts are processed.
  • B. Define the billing processing sequence on the Bill Segment Type to control the order in which the Bill Segments are processed.
  • C. Define the billing processing sequence on the Contract Type to control the order in which the Contracts are processed.
  • D. Define the billing processing sequence on the Customer Class to control the order in which the Contracts are processed.
  • E. Define the billing processing sequence on the Rate Component to control the order in which the Bill Segments are processed.


Answer : B

What is the difference between a Service Script and a Plug-in Script?

  • A. Service Script allows you to invoke Business Objects while a Plug-in Script does not.
  • B. Service Script has an Edit Data step type and Plug-in Script does not.
  • C. Service Script executes on the server side while a Plug-in Script does not.
  • D. Service Scripts have user-configured input/outputs while Plug-in Scripts have predefined input/outputs.
  • E. Service Scripts have predefined input/outputs while Plug-in Scripts have user-configured input/outputs.


Answer : D

How do you set up a customer in ORMB?

  • A. Create a Billable Charge.
  • B. Create a Contract.
  • C. Create an Account.
  • D. Create a Person.
  • E. Create a Person and an Account.


Answer : E

Which option describes the required order of steps to make a new standalone Portal visible to a user?

  • A. Create the Portal, add the Navigation Option to a Menu, grant access to the Application Service to the User
  • B. Create an Application Service, grant access to the Application Service to the User, create the Portal, link the Application Service to the Portal, create a Navigation Option, link the Navigation Option to the Portal.
  • C. Create an Application Service, grant access to the Application Service to the User, create a Navigation Option, create a Menu Option, create the Portal, link the Menu Option and Application Service to the Portal.
  • D. Create an Application Service, create a Navigation Option, create the Portal, link the Menu Option and Application Service to the Portal, grant access to the Application Service to the User
  • E. Create the Portal,createa Navigation Option, link the Navigation Option to the Portal, grant access to the Application Service to the User.


Answer : A

Which statement is correct about Phantom Bundles?

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


Answer : E

Reference:https://docs.oracle.com/cd/E55387_01/books/V2.3.0.2.0/Oracle_Revenue_Man agement_and_Billing_Release_Notes.pdf(page 31)

In an implementation of ORMB, which option indicates the architecture tier where the business rules reside?

  • A. Web and Application Server
  • B. Application Server
  • C. User Interface Tier
  • D. Web Server
  • E. Database


Answer : A

Reference:https://docs.oracle.com/cd/E55387_01/books/V2.3.0.0.0/Oracle_Revenue_Man agement_and_Billing_Installation_Guide.pdf(page 10)

Which option describes the objects to be configured to limit a users access to selected accounts?

  • A. a Data Access Group and a Data Role
  • B. an Account Management Group, a Data Access Group, a Data Role
  • C. an Account Management Group, a Data Access Group, a Data Role, and a User Group
  • D. an Account Management Group and a User Group
  • E. a Data Access Group, a Data Role, and a User Group


Answer : A

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Total 79 questions