Pass Your Incentive Compensation 1Z0-1062-20 Exam on Dec 06, 2021 with 75 Questions
1Z0-1062-20 Free Exam Study Guide! (Updated 75 Questions)
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NEW QUESTION 40
You have created one performance measure, PM1, which has the following definition with calculation sequence 1.
You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?
- A. You cannot access output of PMl In output expression of PMl.
- B. You can refer to attribute Measure result.PMl.PTD Output Achieved.
- C. You can refer to attribute Measure result.PMl.Output.
- D. You can refer to attribute Measure result.PMl.Input.
- E. You can refer to attribute Measure result .PMl.PTD Output Achieved.
Answer: A,D
NEW QUESTION 41
A profile option is set at Site and User levels. Which one takes precedence?
- A. Site
- B. Product
- C. user
- D. Global
Answer: C
Explanation:
Explanation
The value you specify for this profile option at the user level takes precedence over the value that is set for this profile option by the system administrator at the site, application, responsibility, or user level.
https://docs.oracle.com/cd/E18727_01/doc.121/e13510/T447343T355483.htm
NEW QUESTION 42
A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the last quarter of a fiscal year identify the three steps that the incentive compensation application administrator must take to set up this requirement before associating the reward with a plan component. In this case, the fiscal year corresponds to the calendar year.
- A. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
- B. Select the earning type to 'Monetary Earnings', define a conversion factor = 1, and define Start Date =
01-Oct and End Date - 31 Dec for the fiscal year. - C. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
- D. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
- E. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
Answer: D
NEW QUESTION 43
Which option will never have access to the full Business Unit?
- A. the Compensation Analyst and the Participant
- B. the Participant
- C. the Compensation Analyst
- D. the Sales Manager and the Participant
- E. the Compensation Manager
Answer: B
NEW QUESTION 44
Which statement is true for the participant home currency?
- A. A participant's home currency must be the same for all participants in the organization.
- B. A participant can be compensated for an invoice booked in a currency different from the participant's home currency.
- C. A participant's home currency must be the same as the operating currency.
- D. A participant can be compensated for an invoice booked only in the participant's home currency.
Answer: D
NEW QUESTION 45
A classification rules hierarchy is set up as:
The performance measure 'Storage attainment' is associated with category STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE.
If the transaction is:
What will the application do when the Classification and Calculation processes are run?
- A. associate both credit categories (STORAGE and HARD DRIVE) with Km- transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
- B. associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure
'Storage attainment' - C. associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment'
- D. associate the credit category HARD DRIVE with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment')
- E. associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*
Answer: E
NEW QUESTION 46
View the following credit rule hierarchy:
Salesperson 1 gets a direct credit for a 20,000 USD transaction whereas Sales Manager 1 gets a direct credit for a separate 10,000 USD transaction. What is the expected result after the Credit Roll up process runs with Rollup option turned on for the credit rule hierarchy?
- A. The Director, Sales Manager 1, and Salesperson 1 receive 30,000 USD, 30,000 USD. and 20,000 USD, respectively.
- B. The Director, Sales Manager 1, and Salesperson 1 receive 10,000 USD, 30,000 USD, and 20,000 USD, respectively
- C. The Director receives nothing. Sales Manager 1 and Salesperson 1 receive 10,000 USD and 20,000 USD, respectively.
- D. The Director, Sales Manage, 1, and Salesperson 1 receive 10,000 USD, 10,000 USD, and 20,000 USD, respectively.
Answer: D
NEW QUESTION 47
You must migrate data for around 500 participants along with attributes, historical Participant Goals, historical transactions. Compensation Plans, classification rules, and credit categories in a new Incentive Compensation implementation. The client is ready to provide data in a file format that is provided by you.
Which three templates can you use out of box for data migration?
- A. Incentive Compensation Classification Rule Import
- B. Incentive Compensation Credit Category Import
- C. Incentive Compensation Participant Detail Import
- D. Incentive Compensation Transaction Import
- E. Incentive Compensation Participant Goal Import
- F. Incentive Compensation Compensation Plan Import
- G. Incentive Compensation Participant Import
Answer: B,D,G
NEW QUESTION 48
Which method enables an Incentive Compensation application administrate, to bypass payment approval?
- A. Set up an empty payment administration hierarchy.
- B. Set Paysheet Approval Status to 'Approved- in the Manage Parameters task.
- C. Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.
- D. Payment approval cannot be bypassed.
Answer: B
NEW QUESTION 49
You have to write a custom function that accesses the performance measure output.
You must pass the following parameters to uniquely identify data and do custom calculations.
plan_cooponent_id
formaula_id
Participant_id
Period id
In which table should you configure the required columns?
- A. CM SRP PARTICIPANTS ALL
- B. CW_TP_EARNINGS_ALL
- C. CN SRP_PER_FORM_METRICS_ALL
- D. CN TP KEASURE_RESULTS_ALL
Answer: C
Explanation:
Explanation
https://docs.oracle.com/cloud/latest/salescs_gs/FACMI/FACMI1417756.htm#FACMI1419062
NEW QUESTION 50
The Implementation team is trying to determine how many business units (BUs) are needed. Which consideration requires the creation of multiple BUs?
- A. different currencies for payment of participants
- B. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
- C. different General Ledger account structures
- D. The running of processes, the management of participant assignments, and the administrative access to data must be separated by principal lines of business.
- E. Operating currency is different to the currency in which calculations are performed.
Answer: B
NEW QUESTION 51
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.
- A. Status is set to 'Active' for all of the required months.
- B. 'Display period data in participant reports' is selected.
- C. Report to work area mapping is defined for each period.
- D. Start and end dates for the fiscal months are valid.
Answer: D
NEW QUESTION 52
You want to enable Plan Component ID, Period ID, and Participant ID for use as parameters in a User-Defined Function. Which table should these be drawn from?
- A. CN_SRP_PARTICIPANTS_ALL
- B. CN_SRP_PIAN_C0HPONENTS_ALL
- C. CN_SRP_PER_FORM_METRICS_ALL
- D. CN_TP_TRANSACTIONS_ALL
- E. CN_SRP_SUBLEDGER_ALL
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel10/salescs_gs/FACMI/FACMI1417756.htm#FACMI1400328
NEW QUESTION 53
A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?
- A. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
- B. Go to the Manage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
- C. Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
- D. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
Answer: C
NEW QUESTION 54
The 'Run Crediting and Rollup' process request completes successfully but no credits are created. Which three configurations must be verified?
- A. Participants assigned to a direct credit rule do not have the Manager role.
- B. 'Enable Direct Crediting* is set to 'Yes' on the 'Manage Parameters' page.
- C. The same participants are not assigned to multiple credit rules in the hierarchy.
- D. The 'Deploy Credit Rule' process was run after the credit rules were created.
- E. The 'Deploy Compensation Plans' process was run after the credit rules were created.
- F. The transaction event date falls between the credit rule start and end dates.
Answer: A,C,E
NEW QUESTION 55
A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ' and margin is between 0 and 10 percent, the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?
- A. Option A
- B. Option E
- C. Option B
- D. Option C
- E. Option D
Answer: B,D
NEW QUESTION 56
Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?
- A. Enter a Service Request with My Oracle Support.
- B. Set up the P2T tasks in Functional Setup Manager.
- C. Align your patch level between Production and Test environments.
- D. Import the Compensation Plans.
- E. Upgrade Production to the next release.
Answer: B,C
NEW QUESTION 57
A company has its classification rules, which are at the same level in the hierarchy, set up as:
Which option shows the credit category or categories that will be assigned to this transaction during the Classification process?
- A. LAPTOP
- B. INTEL
- C. TOSHIBA
- D. COMPUTERS
Answer: C
NEW QUESTION 58
Which two statements are true for individualized compensation plan values?
- A. Individualized rate values for a participant take precedence over original compensation plan rate values.
- B. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
- C. A participant's manager can personalize the compensation plan view if the Individualize option is selected.
- D. A participant can personalize the compensation plan view if the Individualize option is selected.
- E. Individualized compensation plan values summarize transactions during the Calculation phase.
Answer: A,E
NEW QUESTION 59
Performance Measures can be added to expressions in the expression builder. Which structures are supported?
- A. A and D
- B. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
- C. A, B, and C
- D. The goal of one performance measure can be used in the formula expression of a different performance measure.
- E. Output of performance measure on one plan component can be used as Input to rate table on another performance measure on a different plan component.
- F. The output of five performance measures can be combined in the formula expression of a plan component.
Answer: C
NEW QUESTION 60
A regional sales manager is promoted to a higher position and becomes eligible to receive rollup credit from multiple business units. How should you create a rollup hierarchy rule to receive rollup horn multiple business units?
- A. Cross-region rollups are not supported. Managers and salespeople must be participants In the same business unit
- B. No additional configurations are required because the application accommodates cross-region rollups.
- C. Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
- D. Import all participants under the manager in all business units and copy the rollup hierarchy rules to each business unit.
Answer: D
NEW QUESTION 61
Which statement is true regarding role inheritance?
- A. Duty roles are inherited by job roles.
- B. Job and abstract roles are inherited by duty roles.
- C. Roles are not inherited; they are assigned at their lowest level.
- D. Abstract roles are inherited by Job roles
Answer: B
Explanation:
Explanation
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e16689/F323387AN1B348.htm
NEW QUESTION 62
Which asset typo must you select for searching web service in Oracle Enterprise Repository?
- A. ADF Service
- B. Composite
- C. Composite Service
- D. ADF service Data Object
Answer: B
NEW QUESTION 63
When should you set 'Calculate Incentive = Per Event' while building a plan component?
- A. when the incentive Is to be calculated on a per transaction basis
- B. when the incentive is to be calculated pet any kind of event, as long as the user defines the event first
- C. when the incentive is to be calculated upon the event of the user running calculations manually as opposed to the event of automatically scheduled calculations
- D. when the incentive is to be calculated based on many transactions grouped over an Interval
Answer: B
NEW QUESTION 64
You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Although some of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?
- A. Select Processing Currency as USD only. Operating Currency is not mandatory.
- B. Select Operating Currency as USD and select Processing Currency as Operating Currency.
- C. Select Operating Currency as USD and select Processing Currency as Participant's Home Currency.
- D. Select Operating Currency as USD and Processing Currency as USD.
Answer: A
NEW QUESTION 65
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