Free Access Oracle.1Z0-1059-21.v2022-03-12.q27 Practice Test (Page 2)

Question 1

You define a Performance Obligation Identification Rule that uses the following matching 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.3

B.5

C.4

D.6

Question 2

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

A.Review Performance Satisfaction Plans.

B.Edit Contract Identification Rules.

C.Review Revenue Price Profiles.

D.Review Observed Standalone Selling Prices.

E.Manage contracts in "Pending Review" status.

F.Manage contracts in "Pending Allocation" status.

Question 3

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

A.Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

B.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

C.Time-based contingencies must not expire before the contingency can be removed and revenue recognized

D.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

E.Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Question 4

Which configuration component is Source Document Type NOT connected to?

A.Contract Identification Rules

B.Revenue Price Profile

C.Revenue Management System Options

D.Performance Obligation Template

E.Performance Obligation Identification Rules

Question 5

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.Run the Calculate Observed Standalone Selling Prices program to derive prices.

B.Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

C.Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

D.Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.

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