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: May 31, 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 steps required to create a query zone with a filter field that is dependent on the value of another filter field?

A) Create a UI Map as a Complete Document and assign this as the Filter Area UI Map of the Query Zone, use XPath mapping in the User Filter fields to refer to the UI Map fields and set the Type flag appropriately.
B) Create a UI Map as a fragment and assign this as a the Filter Area UI Map of the Query Zone, use XPath mapping in the User Filter fields to refer to the UI Map fields, and set the Type flag appropriately.
C) Create a UI Map as a Fragment and assign this as the Filter Area UI Map of the Query Zone, use Context mapping in the User Filter fields to refer to the UI Map fields, and set theType flag appropriately.
D) Create a UI Map as a Complete Document and assign this as the Filter Area UI Map of the Query Zone, and use Context and Type mapping in the User Filter fields to refer to the UI Map fields.
E) Create a UI Map as a Complete Document and assign this as the Filter Area UI Map of the Query Zone, use Context mapping in the User Filter fields to refer to the UI Map fields and set the Type flag appropriately.


2. Which three events on a Business Object are multi-system events?

A) Pre-Processing
B) Audit
C) Entry
D) Post Processing
E) Information


3. 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) For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.
D) Pricing is not defined at the Bundle level.
E) The ratio of product quantities is used to determine the rate for volume-based pricing.


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

A) 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.
B) 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.
C) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
D) 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.
E) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.


5. How can Account-level information be restricted to a user?

A) through Data Masking
B) setting up Account Access Groups and Data Access Roles
C) setting up Customer Class
D) setting up Account Relationship Codes
E) setting up Account Management Groups


Solutions:

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

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