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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:
1. 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 RequiredFlag to true, add a Default Value for the characteristic.
B) 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.
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.
2. Which statement is correct about Phantom Bundles?
A) The ratio of product quantities is used to determine the total quantity for discount purposes.
B) Pricing is not defined at the Bundle level.
C) The ratio of product quantities is used to determine the rate for volume-based pricing.
D) Pricing is defined at the Bundle level.
E) For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.
3. 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 ="true" attribute on the schema element.
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 Element option referring to the element on the lifecycle status.
D) Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.
E) 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.
4. Which option is true about Person to Person relationships?
A) Recursive Person to Person relationships are possible, but only with different Relationship Types.
B) A Person to Person relationship that includes the Financial Relationship means that the "parent" will receive copies of the"child's" bills.
C) Recursive Person to Person relationships are possible.
D) A Person can only be related to one other Person using a given Relationship Type.
5. What can cause a Bill Segment to have multiple Bill Calculation Headers?
A) Multiple Rate Versions
B) Proration at Rate Component Level
C) Proration at Bill Factor level
D) Multiple Billable Charges associated to one Contract
E) Multiple Contrasts being covered by a Bill Segment
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A,B,C | Question # 4 Answer: A | Question # 5 Answer: A |
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