Oracle Revenue Management Cloud 2019 Implementation Essentials - 1Z1-1059 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when it is a business requirement B. when the Type is Fixed or Variable C. when Context Values are populated D. when the Deferred Revenue box is checked

Discussion 0

Correct Answer: B Vote an answer

Question 2

What is a Standalone Selling Price (SSP)?

A. the average of your bundled price B. the list price C. the price you would use if you sold to a customer separately D. the sum of the SSPs of the components

Discussion 0

Correct Answer: C Vote an answer

Question 3

Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are Revenue Management Descriptive Flexfields. B. Because they provide uniqueness to the Source Document Types. C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes. D. Because they are needed for integration with Product Management.

Discussion 0

Correct Answer: D Vote an answer

Question 4

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

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

Discussion 0

Correct Answer: C Vote an answer

Question 5

What is a contract modification?

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

Discussion 0

Correct Answer: D Vote an answer

Question 6

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining a grouping rule on the customer class B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute D. By defining an item group and assigning that to the rule E. By defining an exclusion rule to exclude customer classes that are "Retail"

Discussion 0

Correct Answer: C Vote an answer

Question 7

How many tabs does the Customer Contract Source Data Import Template have?

A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively D. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES,
VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively

Discussion 0

Correct Answer: C Vote an answer

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Question 8

At which level does Oracle Revenue management perform accounting?

A. Contract level B. Legal entity level C. Performance obligation level

Discussion 0

Correct Answer: C Vote an answer