1Z1-1018 by Oracle Valid Free Exam Practice Test

Question 1

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. recognizes revenue if any satisfaction events exist B. creates customer contracts and performance obligations C. allocates the SSP to various performance obligations D. creates the accounting for the stages in the process E. allocates the SSP to various satisfaction events

Correct Answer: D

Question 2

What is a contract modification?

A. a change to the contract caused by negotiation with the customer B. a change (modification) to the contract data C. an increase or decrease in expected collectability D. a revision or correction to the estimate of variable consideration made at inception

Correct Answer: A

Question 3

A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

A. Quantity Band B. Amount Band C. Set Band D. Deal Size Band

Correct Answer: B

Question 4

Which three statements about Effective Periods are true?

A. If effective periods are not defined, Revenue Management uses the General Ledger calendar. B. You cannot have overlapping periods. C. Effective Periods are used for standalone selling prices and for creating journal entries. D. Effective Periods only define the rage where standalone selling prices of an item should be effective. E. Gaps between periods are not allowed.

Correct Answer: B,D,E

Question 5

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Set the System Options in EBS Receivables on the Revenue Management tab. B. Run the Deploy System Options process. C. Apply appropriate patches to EBS. D. Map the EBS Chart of Accounts to the Cloud General Ledger. E. Set the Profile Option AR: Source System Value for Revenue Management.

Correct Answer: B,D

Question 6

Which is NOT a required piece of information when importing contract header Information from a source file?

A. Record Type B. Source Document Type code C. Date of Source Document D. Currency code of source document E. Source System F. Source Document Unique Identifier Number 1

Correct Answer: F

Oracle Revenue Management Cloud Service 2018 Implementation Essentials - 1Z1-1018 Exam Practice Test