Oracle 1Z0-1056-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1056-21 Online Questions & Answers

• Question 1:

  What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

  A. by Quote Number and time frame
  B. by Source Document and time frame
  C. by Item and time frame
  D. by Customer and time frame
  E. by Source Document Line andtime frame
  B. by Source Document and time frame
  C. by Item and time frame
  E. by Source Document Line andtime frame

• Question 2:

  After a customer bankruptcy is approved, what happens in the Collections application?

  A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.
  B. Collection activities remain active, delinquent transactions appear in the Collections Work Area but customer status is changed to Bankrupt.
  C. Collection activities are suspended and delinquent transactions appear in the Collections Work Area.
  D. The Bankrupt Customer Collection job is automatically submitted to close all open transactions for the customer.
  A. Collection activities are suspended, delinquent transactions no longer appear on the Collections Work Area and customer status is changed to Bankrupt.

• Question 3:

  In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)

  A. by setting SM to "Requires Complete" and SMM to "Period"
  B. by setting SM to "Allow Partial" and SMM to "Percent"
  C. by setting SM to "Allow Partial" and SMM to "Period"
  D. by setting SM to "Requires Complete" and SMM to "Quantity"
  E. by setting SM to "Requires Complete" and SMM to "Percent"
  C. by setting SM to "Allow Partial" and SMM to "Period"
  E. by setting SM to "Requires Complete" and SMM to "Percent"

• Question 4:

  You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer. Which two conditions are failing? (Choose two.)

  A. Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
  B. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
  C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.
  D. The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
  E. Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
  F. The customer does not have the default strategy and default collector assigned at the customer account and site level.
  B. The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
  C. Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

• Question 5:

  Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)

  A. Average
  B. Flat Rate
  C. Declining Balance
  D. Simple
  E. Compound
  B. Flat Rate
  D. Simple
  E. Compound

• Question 6:

  Which two statements are true about processing Receivables adjustments that impact tax amounts?

  A. Receivables can look at invoice and retrieve the tax rate code.
  B. There is no need to retrieve the tax rate code.
  C. Receivables can look at the adjustment activity and retrieve the tax rate code.
  D. Receivables can look at System Options and retrieve the tax rate code.
  A. Receivables can look at invoice and retrieve the tax rate code.
  D. Receivables can look at System Options and retrieve the tax rate code.

• Question 7:

  Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level. How will bills be generated?

  A. Sites 1, 2, and 3 activities will be included in a single bill.
  B. Sites 2 and 3 activities will be included in a single bill.
  C. Sites 1 and 2 activities will be included in a single bill.
  D. Sites 1 and 3 activities will be included in a single bill.
  C. Sites 1 and 2 activities will be included in a single bill.

• Question 8:

  Which role provides access to Receivables ?Revenue Adjustments Real Time OTBI Subject area?

  A. Revenue Manager
  B. Accounts Receivable Manager
  C. Accounts Receivable Specialist
  D. Billing Specialist
  C. Accounts Receivable Specialist

• Question 9:

  You are a functional user who has been tasked with creating an Oracle Transactional Business Intelligence (OTBI) analysis. You are still learning how to use OTBI, and the analysis you need to create is not complex. Which tool should you use to create this analysis?

  A. BI Answers
  B. BI Composer
  C. BI Publisher
  D. Dashboard Builder
  C. BI Publisher

• Question 10:

  What is the impact on transactions of changing the billing cycle for a customer or group of customers?

  A. The billing cycle does not have any impact on new transactions.
  B. Existing transactions with no activity retain the old billing cycle.
  C. Existing transactions with activity adapt the new billing cycle.
  D. New transactions after this change inherit the new billing cycle.
  D. New transactions after this change inherit the new billing cycle.