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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Last Updated: May 26, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Last Updated: May 26, 2026
  • Q & A: 79 Questions and Answers
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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Where should the actual Rate be stored to keep a Rate Schedule most flexible?

A) on the Rate Components
B) on the Price Assignment
C) on the Bill Factors
D) on the Customer
E) on the Account


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


3. Which option describes the objects to be configured to limit a user's access to selected accounts?

A) an Account Management Group, a Data Access Group, a Data Role, and a User Group
B) an Account Management Group, a Data Access Group, a Data Role
C) a Data Access Group, a Data Role, and a User Group
D) an Account Management Group and a User Group
E) a Data Access Group and a Data Role


4. Which three statements are true for base package-supplied Maintenance Objects?

A) Core business rules can be changed.
B) Core business rules are written in Java.
C) Core business rules are written in COBOL.
D) Core business rules can be removed.
E) Core business rules can be extended.


5. Which two options allow a specific price, percent, or flat charge to be directly specified on a Rate Component?

A) Bill Factor Value
B) Service Quantity
C) Explicitly Specified
D) Bill Factor
E) Rate Component Value Algorithm


Solutions:

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

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