Oracle Revenue Management Cloud 1Z0-1059-22 Questions & Answers

• Question 81:

  Which three tasks can be performed In the Revenue Management Work Area?

  A. Edit ContractIdentification Rules.

  B. Review Observed Standalone Selling Prices.

  C. Manage contracts in "Pending Review" status.

  D. Manage contracts in "Pending Allocation" status.

  E. Review Performance Satisfaction Plans.

  F. Review Revenue Price Profiles.

  Correct Answer: BCD

• Question 82:

  Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

  A. These accounts are optional in Revenue Management.

  B. If nonexistent, these accounts need to be added to thechart of accounts.

  C. If nonexistent, these accounts are added automatically to the chart of accounts.

  D. These accounts are not relevant to Revenue Management.

  Correct Answer: C

• Question 83:

  After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.

  Which predefined Contract Identification Rule can be used in this case?

  A. Identify Customer Contract Based on Party

  B. Identify Customer Contract Based on Source Document Line

  C. Identify Customer Contract Based on Source Document

  D. Identify Customer Contract Based on Source System

  Correct Answer: C

  Reference:https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2433444

• Question 84:

  You define a Performance Obligation Identification Rule that uses the followingmatching attribute to group source document lines:

  Extensible Line Character Attribute 7

  Based on the data displayed:

  

  How many performance obligations will be created In Revenue Management?

  A. 6

  B. 4

  C. 5

  D. 3

  Correct Answer: D