Oracle Revenue Management Cloud Service 2022 Implementation Professional (1z0-1059-22) Free Practice Test

Question 1

When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Quantity

B. when the Satisfaction Measurement Model Is set to Percentage

C. when the Satisfaction Measurement Model is set to Period

D. when the Satisfaction Measurement Model is set to Amount

Correct Answer: C

Question 2

Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

A. Customers

B. Suppliers

C. Banks, branches and bank accounts

D. Business Units

E. Inventory items

F. Receivables configurations

Correct Answer: A,D,E

Question 3

Which three statements about Effective Periods are true?

A. Effective Periods are used for standalone selling prices and for creating journal entries.

B. You cannot have overlapping periods.

C. Effective Periods only define the rage where standalone selling prices of an item should be effective.

D. Gaps between periods are not allowed.

E. If effective periods are not defined, Revenue Management uses the General Ledger calendar.

Correct Answer: B,C,D

Question 4

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. creates customer contracts and performance obligations

B. recognizes revenue if any satisfaction events exist

C. creates the accounting for the stages in the process

D. allocates the SSP to various performance obligations

E. allocates the SSP to various satisfaction events

Correct Answer: C

Question 5

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

A. Run Create Accounting.

B. Categorize standalone sales by performance obligation.

C. Close the previous period.

D. Approve the OSSP by establishing it.

E. Run the Calculate Observed Standalone Selling Prices program.

F. Review the calculated OSSP.

Correct Answer: B,E

Question 6

Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?

A. Analysis

B. Infotile

C. Dashboards

D. Infolets

Correct Answer: A,C

Question 7

What is a Standalone Selling Price (SSP)?

A. the average of your bundled price

B. the sum of the SSPs of the components

C. the price you would use if you sold to a customer separately

D. the list price

Correct Answer: C

Question 8

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you
consider that recognition depends on the nature of the contingency? (Choose two)

A. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

B. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized

Correct Answer: A,D

Question 9

At which level does Oracle Revenue management perform accounting?

A. Legal entity level

B. Contract level

C. Performance obligation level

Correct Answer: C

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Oracle Revenue Management Cloud Service 2022 Implementation Professional (1z0-1059-22) Free Practice Test