Oracle Credit Management (OCM) uses lookups to help speed up data entry and increase accuracy. Select two required lookups used by OCM. (Choose two.)

Question

Options

• Arisk code
• Bcredit rating
• Cpayment terms
• Dcredit review type
• Ecredit classification

• A
  8% (4)
• B
  2% (1)
• C
  2% (1)
• D
  88% (43)

Explanation

In Oracle Credit Management, Credit Review Type (D) and Credit Classification (E) are required lookups because they are foundational to how OCM categorizes and processes credit decisions - Credit Review Type defines what kind of review is being conducted (e.g., new customer, annual), while Credit Classification groups customers into risk tiers that drive credit policy application. Without these two lookups configured, OCM cannot properly initiate or complete the credit review workflow.

Risk Code (A) is not a required OCM lookup - it is optional and used for internal categorization rather than being mandatory for the module to function. Credit Rating (B) is used in OCM but is not a required lookup; ratings often come from external agencies and are supplemental data. Payment Terms (C) belongs to Accounts Receivable setup, not to OCM's required lookup configuration.

Memory tip: Think of the two "C" words that complete the phrase "Classify the Review" - Credit Classification and Credit Review Type - both define what and how a credit decision is structured, making them the two non-negotiable lookups OCM needs before any review can proceed.

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