Oracle 1z1-322 : Oracle Revenue Management and Billing 2 Implementation Essentials

1z1-322 real exams

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Jun 05, 2026

Q & A: 79 Questions and Answers

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which statement describes what happens when an Account is added to an Active Statement Construct?

A) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
B) Bills produced for this Account after its Start Date in the Statement Detail will be included only in the next statement if they haven't been included in another statement.
C) Bills produced for this Account prior to its Start Date in the Statement Detail and after the Statement Construct has been made active will be included in the next Statement.
D) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
E) Bills produced for this Account prior to its Start Date in the Statement Detail and afterthe last Statement date will be included in the next Statement.


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

A) the Apply To flag on the Price Assignment
B) the Priority on the Price List Assignment
C) the Ignore flag on the Price Assignment
D) the Inheritance flag on the Price Assignment
E) the Inheritance flag on the Price List Assignment


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

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


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

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


5. When does the system check a user's access rights when one Business Object invokes another Business Object?

A) Access Rights are checked for boththe initial andthe final Business Objects that are invoked.
B) Access Rights are optional.
C) Access Rights are never checked for Business Objects, only Maintenance Objects.
D) Access Rights are checked only for the initial Business Object that is invoked.
E) Access Rights are checked only for the final Business Object that is invoked.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: D

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