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Exam Code: 1z1-322
Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
Updated: Jun 12, 2026
Q & A: 79 Questions and Answers
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1. Which two plug-in spots call the Rating functionality through base package-supplied Algorithm Types?
A) Adjustment Type - Adjustment FT Creation
B) Billable Charge Template
C) Bill Segment Type - Bill Segment Create
D) Bill Segment Type - Bill Segment FT Creation
E) Adjustment Type - Generate
2. Which statement describes what happens when an Account is added to an Active Statement Construct?
A) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
B) 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.
C) 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.
D) 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.
E) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
3. How can Account-level information be restricted to a user?
A) setting up Account Access Groups and Data Access Roles
B) through Data Masking
C) setting up Account Management Groups
D) setting up Account Relationship Codes
E) setting up Customer Class
4. Which two options allow a specific price, percent, or flat charge to be directly specified on a Rate Component?
A) Bill Factor Value
B) Explicitly Specified
C) Service Quantity
D) Rate Component Value Algorithm
E) Bill Factor
5. What is the correct hierarchy for background processing entities?
A) Batch Run, Batch Code, Execution Instance, Batch Message, Thread
B) Batch Code, Execution Instance, Batch Run, Thread, Batch Message
C) Batch Run, Batch Code, Batch Message, Execution Instance, Thread
D) Batch Control, Batch Run, Thread, Execution Instance, Batch Message
E) Batch Code, Thread, Batch Run, Execution Instance, Batch Message
Solutions:
| Question # 1 Answer: B,E | Question # 2 Answer: E | Question # 3 Answer: E | Question # 4 Answer: A,D | Question # 5 Answer: D |
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