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

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Jun 29, 2026
  • Q & A: 79 Questions and Answers

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. In what scenario is a Bill Period mode of recurrence typically used?

A) to generate a bill on a specific date
B) to create a Bill Segments with a specific end-date
C) when billing on an annual basis
D) to create a Bill Segment for the whole month
E) when billing on a monthly basis


2. Which three Adjustment statuses indicate that Financial Transactions exist for the Adjustment?

A) Incomplete
B) Canceled
C) Freezable
D) Error
E) Frozen


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

A) Reduce the number of installments to zero.
B) Cancel the Payment Arrangement.
C) Create a Transfer Adjustment to move the debt away from the Payment Arrangement.
D) Manually break the Payment Arrangement.
E) Let the system monitors break the Payment Arrangement.


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) Customer Class and Debt Age.
E) Debt Age


5. Which three statements are correct in reference to Case Type?

A) They define if a Responsible User is required.
B) They define multiple initial and final states within the Case's lifecycle.
C) They define the template for outgoing letters.
D) They control the lifecycle of the Case.
E) They define additional fields to be entered as part of the Case.


Solutions:

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

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