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

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Aug 03, 2026
  • Q&As: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Integration & Implementation17%- Business Services and real-time integration
- Business Process Assistant (BPA) scripts
- Implementation best practices
Topic 2: Billing Configuration & Processing25%- Billable charges and adjustments
- Bill generation and freeze/cancel
- Bill cycle and bill segment setup
- Rate structure and pricing components
Topic 3: ORMB Framework & Architecture20%- UI Maps, Portals and Zones
- Maintenance Objects and Business Objects
- Algorithms and plug-in logic
- Background processing and batch control
- Framework concepts and components
Topic 4: Customer & Account Management18%- Customer class and divisions
- Account and Person entities
- Contract types and characteristics
Topic 5: Payment & Financial Management20%- Tender types and payment processing
- Payment arrangements and overdue processing
- Financial transactions and accounting

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. When does the system check a user's access rights when one Business Object invokes another Business Object?

A) Access Rights are checked only for the final Business Object that is invoked.
B) Access Rights are never checked for Business Objects, only Maintenance Objects.
C) Access Rights are checked for boththe initial andthe final Business Objects that are invoked.
D) Access Rights are checked only for the initial Business Object that is invoked.
E) Access Rights are optional.


2. Which two options are valid spots for plug-in logic?

A) Customer Class - Bill Completion
B) Contract Type - Bill Creation
C) Customer Class -Bill Segment Freeze/Cancel
D) Rate Component - Pricing Algorithm
E) Bill Segment Type - Bill Segment Freeze/Cancel


3. Which two statements are correct about Option Types?

A) OptionTypes can be used in your Enter, Exit, and Auto Transition Algorithms.
B) Option Types allow you to add fields to a BO/State without having to change the database.
C) For single Option Types, the framework assembles the list of option values from the top of the hierarchy to the bottom.
D) No option types on a Business Object, only Maintenance Objects
E) For multi Option Types,the framework returns the option value "nearest" to the BO.


4. Using a base-supplied Algorithm Type, payment distribution priority is typically determined by _________.

A) Payment Type and Debt Age.
B) Customer Class and Debt Age.
C) Contract Type's Priority and Debt Age
D) Customer Class and Contract Type.
E) Debt Age


5. Which two statements are true about Business Object schema inheritance?

A) The Child Business Object can refer to its parent's Schema but does not inherit it.
B) The Child Business Object can refer to a different Maintenance Object than its parent.
C) The Child Business Objectinherits the parent Business Object's schema.
D) The Child Business Object needs to include its parent's schema in order to refer to it.
E) The Child Business Object must refer to the same Maintenance Object as its parent.


Solutions:

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

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