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Oracle Revenue Management and Billing 2 Implementation Essentials

Question No: 11

Which option describes the step required to configure a type of payment that will reduce the current balance but not the payoff balance?

  1. Create a Tender Source with a Financial Algorithm with a Payoffvalue of 0.

  2. Create a Payment SegmentType and Tender Type with a Financial Algorithmwith a Payoff value of 0.

  3. Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.

  4. Create a Tender Type with a Financial Algorithmwith a Payoff value of 0.

  5. Create a Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.

Answer: C

Question No: 12

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

  1. Payment Type and Debt Age.

  2. Customer Class and Debt Age.

  3. Contract Type’s Priority and Debt Age

  4. Debt Age

  5. Customer Class and Contract Type.

Answer: C

Question No: 13

Which three events ona Business Object are multi-system events?

  1. Information

  2. Pre-Processing

  3. Post Processing

  4. Audit

  5. Entry

Answer: A,D,E

Question No: 14

Which two are valid options for breaking an active Payment Arrangement?

  1. Reduce the number of installments to zero.

  2. Create a Transfer Adjustment to move the debt away from the Payment Arrangement.

  3. Let the system monitors break the Payment Arrangement.

  4. Manually break the Payment Arrangement.

  5. Cancel the Payment Arrangement.

Answer: A,B

Question No: 15

Which option describes the configuration required when a Customer wants to receive three separate bills for separate products?

  1. Create Person to Person relationships between the Main Person and two “dummy” Persons.

  2. Create three Account/Personrelationships between the Person and the Account with the Receives Copy of Bill flag set.

  3. Set the number of Bill Copies on the Account/Person to three.

  4. Create three Contracts on the Person’s Account.

  5. Create three Accounts for the Person.

Answer: B

Question No: 16

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?

  1. 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.

  2. Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.

  3. Define a user selectable Status Reason value for the lifecycle status.

  4. 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.

  5. 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.

Answer: A,C,E

Question No: 17

When setting up pricing for a customer,which option allows you to prevent product prices from parent pricelists being used?

  1. the Inheritance flag on the Price Assignment

  2. the Priority on the Price List Assignment

  3. the Apply To flag on the Price Assignment

  4. the Ignore flag on the Price Assignment

  5. the Inheritance flag on the Price List Assignment

Answer: B

Question No: 18

In addition to the base package tables/fields, which two options may be used to store additional attributes that may not fit into the base package tables/fields withoutintroducing database changes?

  1. Basic Large Object (BLOB)

  2. Character Large Object (CLOB)

  3. Characteristics

  4. Custom fields on base package tables

  5. Custom child table(s) linked to base package parent tables

Answer: A,E

Question No: 19

Which three items can be bundled?

  1. Data linked to tables where the primary key is randomly generated.

  2. Portals with Zones.

  3. Fixed Pages

  4. Scripts

  5. Business Objects

Answer: C,D,E

Question No: 20

Which two statements are true about Business Object schema inheritance?

  1. The Child Business Objectinherits the parent Business Object’s schema.

  2. The Child Business Object must refer to the same Maintenance Object as its parent.

  3. The Child Business Object needs to include its parent’s schema in order to refer to it.

  4. The Child Business Object can refer to a different Maintenance Object than its parent.

  5. The Child Business Object can refer to its parent’s Schema but does not inherit it.

Answer: A,B

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