Oracle Revenue Management Cloud Service 2017 Implementation Essentials - 1z0-974 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

A. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually. B. Run the Calculate Observed Standalone Selling Prices program to derive prices. C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface. D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

Discussion 0

Correct Answer: B Vote an answer

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Question 2

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A. Initial Performance B. Performance Obligation Satisfied C. Performance Obligation Billed D. Revenue Recognized E. Standalone Selling Prices Allocated

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 3

Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2017.
* A Sales order is booked on 14-Sep-2017.
* The Product is shipped on 15-Sep-2017.
* An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A. when the product is shipped on 15-Sep-2017 B. when an invoice is issued on 20-Sep-2017 C. when the sales order Is booked on 14-Sep-2017 D. when the consultant is deployed to assist customer on 10-Sep-2017

Discussion 0

Correct Answer: D Vote an answer

Question 4

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 5

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 6

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A. PowerPoint B. Flat File C. PDF D. HTML

Discussion 0

Correct Answer: B Vote an answer