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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. What specialized version of Maintenance Objects is designed to represent the business?

A) Business Element
B) Business Object
C) Basic Large Object (BLOB)
D) Character Large Object (CLOB)
E) Data Area

2. Using Open Item accounting means that ________.

A) payments are held on different Accounts to debt
B) payments are matched to the newest debt
C) the oldest debt is reduced by Payments
D) payments can be split across multiple Contracts
E) payments are matched to specific debts

3. What is the syntax used to declare elements that are held together and can have multiple entries for the same data?

A) Type=businessObject
B) Type=group
C) Type=elements
D) Type=list
E) Type=rowRef

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) A Person can only be related to one other Person using a given Relationship Type.
D) Recursive Person to Person relationships are possible.

5. What happens when the source of Financial Transaction is canceled?

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

Solutions: