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1Z0-1059-21 Online Practice Questions and Answers

Questions 4

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

A. Inverted Allocation Method

B. Residual Allocation Method

C. Relative Allocation Method

D. Two Step Allocation Method

E. Alternative Allocation Method

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Questions 5

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.

Which two attributes on the structure instance are inherited from the structure definition?

A. whether Dynamic Combination Creation Allowed is enabled

B. the shape: Same number of segments and order

C. the Displayed option

D. the value sets

E. the Query Required option

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Questions 6

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application. How should you handle this scenario In Revenue Management?

A. Ignore the performance obligation for the toaster because it was free of cost to the customer.

B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

C. Create the performance obligation for the toaster manually.

D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

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Questions 7

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 "Allow Partial" and SMM to "Quantity"

B. by setting SM to "Requires Complete" and SMM to "Period"

C. by setting SM to "Requires Complete" and SMM to "Quantity"

D. by setting SM to "Requires Complete" and SMM to "Percent"

E. by setting SM to "Allow Partial" and SMM to "Period"

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Questions 8

When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Amount

B. when the Satisfaction Measurement Model is set to Period

C. when the Satisfaction Measurement Model is set to Quantity

D. when the Satisfaction Measurement Model Is set to Percentage

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Questions 9

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A. It tracks the difference in a Discount Allocation Account at the contract line level.

B. It tracks the difference in a Write-off Allocation Account at the contract level.

C. It tracks the difference In a Discount Allocation Account at the contract level.

D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.

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Questions 10

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 an exclusion rule to exclude customer classes that are "Retail"

C. 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

D. By defining an item group and assigning that to the rule

E. 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

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Questions 11

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.

In addition to the SSP Value (price) and Currency, which two are required?

A. SSP Type

B. Pricing Dimension

C. Performance Obligation Template

D. Unit of Measure

E. Item Identifier

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Questions 12

What does the creation of an allocation allow you to determine?

A. the ability not to revise previously reported revenue for revision, corrections, and other changes

B. the fair value of each performance obligation

C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D. an allocation of the expected consideration over the performance obligations as if you had sold them separately

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Questions 13

Which is Not a required piece of information when importing contract header information from a source file?

A. Source System

B. Source Document Type code

C. Record Type

D. Currency code of source document

E. Source Document Unique Identifier Number 1

F. Date of source Document

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Exam Code: 1Z0-1059-21
Exam Name: Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Last Update: May 14, 2024
Questions: 75 Q&As

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