Select three values that default from Customer Profile Classes.

Select three values that default from Customer Profile Classes.

A.
Currency

B.
Legal Entity

C.
Payment Terms

D.
Statement Cycle

E.
Business Purpose

Explanation:

* The customer profile class shares these default settings with other parts of Oracle Fusion
Receivables: Match Receipts By; AutoMatch rule set; AutoCash rule set; AutoInvoice Grouping rule;
payment terms (C); and tax printing options.
* Use Customer Profiles to group customers with similar credit worthiness, business volume, and
payment cycles. For each profile class you can define information such as credit limits, payment
terms, statement cycles, invoicing, and discount information. You can also define amount limits for
your finance charges, dunning, and statements for each currency in which you do business.
Define your standard customer profiles in the Customer Profile Classes window. These profiles
contain generic options you can use to group your customers into broad categories. For example,
you might define three categories: one for prompt paying customers with favorable credit limits; one
for late paying customers with high finance charge rates; and a third for customers who mostly pay
on time, with discount incentives for early payment. You can also use the profile class ‘DEFAULT,’
which the system provides.
Assign a profile class to each of your customers and addresses in the Customers window. The
customer profile class you assign provides the default values, then you can optionally customize
these values to meet your specific requirements for each customer or address. If a profile is assigned
to both a customer and one of that customer’s addresses, the options set for the address take
precedence over those set at the customer level.