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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Where should the actual Rate be stored to keep a Rate Schedule most flexible?

A) on the Price Assignment
B) on the Account
C) on the Rate Components
D) on the Bill Factors
E) on the Customer

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

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 an Enter processing Algorithm that checks for the Status Reason.
B) 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.
C) Define a user selectable Status Reason value for 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 a Required Element option referring to the element on the lifecycle status.

4. Using a base-supplied Algorithm Type, payment distribution priority is typically determined by _________.

A) Payment Type and Debt Age.
B) Contract Type's Priority and Debt Age
C) Customer Class and Contract Type.
D) Debt Age
E) Customer Class and Debt Age.

5. Which architecture tier provides security authentication when logging in to ORMB?

A) User Interface Tier
B) Application Server
C) WebApplication Server
D) Web Server
E) Database

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