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

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Jun 20, 2026
  • Q & A: 79 Questions and Answers

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

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

A) Create a Payment SegmentType and Tender Type with a Financial Algorithmwith a Payoff value of 0.
B) Create a Tender Type with a Financial Algorithmwith a Payoff value of 0.
C) Create a Tender Source with a Financial Algorithm with a Payoffvalue of 0.
D) Create a Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.
E) Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.


2. Which option describes the configuration steps required to allow a user to generate a letter for a customer from the Customer Contact dashboard zone?

A) Define a Contact Class, define a Contact Type, define a Letter Template, set the Contact Action as Send Letter, add the Letter Template to the Contact Type, add a Required Characteristic to the Contact Type for the Letter Type, add a Contact Shorthand to the Contact Type.
B) Define a Contact Class, define a Contact Type, define a Letter Template, add the Letter Template to the Contact Type, add an extract Algorithm Type to the Contact Type
C) Define a Contact Class, define a Contact Type, define a Letter Template, set the Contact Action as Send Letter, add the Letter Template to the Contact Type, add an extract Algorithm Type to the Contact Type, add a Contact Shorthand to the Contact Type.
D) Define a Contact Class, define a Contact Type, define a Letter Template, add the Letter Template to the Contact Type, add an extract Algorithm Type to the Contact Type, add a Contact Shorthand to the Contact Type.
E) Define a Contact Class, define a Contact Type, define a Letter Template, set the Contact Action as Send Letter, add the Letter Template to the Contact Type, add a Contact Shorthand to the Contact Type.


3. Using Open Item accounting means that ________.

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


4. 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 defined at the Bundle level.
C) The ratio of product quantities is used to determine the rate for volume-based pricing.
D) Pricing is not 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.


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


Solutions:

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

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