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

Oracle 1z1-322 exam
  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Jul 30, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-322 Exam Syllabus Topics:
SectionObjectives
Implementation and Administration- Monitoring, troubleshooting, and deployment
- Batch processing
- Business objects and algorithms
Oracle Revenue Management and Billing Architecture- Data model and key entities
- System configuration concepts
- Application architecture and components
Pricing and Charge Management- Rate schedules
- Pricing configuration
- Adjustments and exceptions
Customer and Account Management- Account and relationship management
- Service agreements and contracts
- Customer lifecycle
Payments and Financial Processing- Payment processing
- Collections and refunds
- Financial transactions and accounting integration
Billing and Revenue Processing- Billing cycles
- Revenue management concepts
- Bill calculation and generation
Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which architecture tier provides security authentication when logging in to ORMB?

A) Application Server
B) Database
C) Web Server
D) User Interface Tier
E) WebApplication Server


2. If a customer makes a payment for more than what is due for the account, which entity contains the logic for how this overpayment should be handled?

A) Customer Class
B) Installation Options
C) Pay Segment Type
D) Tender Type
E) Contract Type


3. Which option describes the minimum steps to be performed to assign a PriceList to an account?

A) Configure Rates, Create Rate Definitions, Create Products, Create Exchange Rates, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
B) Configure Rates, Create Rate Definitions, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account, Create Override Pricing
C) Configure Rates, Create Rate Definitions, Create Products, Assign Productsto PriseLists, Create Pricing, Assign PriceList to Account
D) Configure Rates, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account
E) Configure Rates, Create Rate Definitions, Create Tiering Criteria, Create Products, Assign Products to PriseLists, Create Pricing, Assign PriceList to Account


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


5. Which three actions can you perform in a plug-in script?

A) Invoke a map
B) Invoke a function
C) Invoke a service script
D) Invoke a Business Service
E) Invoke a Business Object


Solutions:

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

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