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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: May 30, 2026
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  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. Which two options trigger Bill generation in ORMB?

A) user invocation
B) Bill Cycle Schedule
C) creation of a Billable Charge
D) creation of an Adjustment
E) creation of a Payment


2. Which three options describe alternatives that could be used to make it necessary for a user to enter a reason for the change before changing the status of a Business Object?

A) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a required ="true" attribute on the schema element.
B) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a Required Element option referring to the element on the lifecycle status.
C) Define a user selectable Status Reason value for the lifecycle status.
D) Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.
E) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add an Enter processing Algorithm that checks for the Status Reason.


3. Which three events on a Business Object are multi-system events?

A) Pre-Processing
B) Information
C) Post Processing
D) Entry
E) Audit


4. When does the system check a user's access rights when one Business Object invokes another Business Object?

A) Access Rights are checked for boththe initial andthe final Business Objects that are invoked.
B) Access Rights are checked only for the initial Business Object that is invoked.
C) Access Rights are never checked for Business Objects, only Maintenance Objects.
D) Access Rights are optional.
E) Access Rights are checked only for the final Business Object that is invoked.


5. Which two statements are correct about Option Types?

A) No option types on a Business Object, only Maintenance Objects
B) Option Types allow you to add fields to a BO/State without having to change the database.
C) For single Option Types, the framework assembles the list of option values from the top of the hierarchy to the bottom.
D) For multi Option Types,the framework returns the option value "nearest" to the BO.
E) OptionTypes can be used in your Enter, Exit, and Auto Transition Algorithms.


Solutions:

Question # 1
Answer: B,C
Question # 2
Answer: A,B,C
Question # 3
Answer: B,D,E
Question # 4
Answer: B
Question # 5
Answer: C,D

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