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Oracle Revenue Management Cloud Service 2022 Implementation Professional Questions and Answers

Question 1

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.

Which Revenue Scheduling Rule Type needs tobe defined for the Performance Satisfaction Plan?

Options:

A.

Fixed Schedule

B.

Variable Schedule

C.

Daily Revenue Rate, All Periods

D.

Daily Revenue Rate, Partial Periods

E.

Partial Schedule

F.

Daily Revenue Rate

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Question 2

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?

Options:

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

Question 3

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount.What is allocated amount?

Options:

A.

stand-alone selling price assigned to the promised detail line

B.

transaction price distributed to each performance obligation

C.

transaction price derived from the source system line import

D.

revenue recognized for each performance obligation