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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) Payment Segments
D) Bill Segment Cancellations
E) Payment Segment Cancellations

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

3. What two Payment statuses will create a Financial Transaction for a payment?

A) Complete
B) Error
C) Cancelled
D) Freezable
E) Frozen

4. Which two statements are correct about Option Types?

A) OptionTypes can be used in your Enter, Exit, and Auto Transition Algorithms.
B) For multi Option Types,the framework returns the option value "nearest" to the BO.
C) No option types on a Business Object, only Maintenance Objects
D) Option Types allow you to add fields to a BO/State without having to change the database.
E) For single Option Types, the framework assembles the list of option values from the top of the hierarchy to the bottom.

5. How can Account-level information be restricted to a user?

A) setting up Account Management Groups
B) setting up Customer Class
C) setting up Account Relationship Codes
D) setting up Account Access Groups and Data Access Roles
E) through Data Masking

Solutions: