Oracle Incentive Compensation Cloud 2017 Implementation Essentials (1z1-971) Free Practice Test

Question 1

A customer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

A. Create a rollup hierarchy rule and assign the participant as a credit receiver.

B. Create a team credit rule for this state and assign the participant as a credit receive

C. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set 'State' as qualifier

D. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a
Qualifier.

Correct Answer: C

Question 2

When should you set 'Calculate Incentive = Per Event' while building a plan component?

A. when the incentive is to be calculated pet any kind of event, as long as the user defines the event first

B. when the incentive Is to be calculated on a per transaction basis

C. when the incentive is to be calculated based on many transactions grouped over an
Interval

D. 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

Correct Answer: A

Question 3

A performance measure is set up to determine the commission rate by using total sales attainment percentage tot a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should you set up this performance measure?

A. Set Process Transaction = Grouped by Interval and Interval - Quarter, have the input expression 'sum
(Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure.

B. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.

C. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure.

D. Set Process Transaction = Individually and Interval - Quarter, select Running Total, select Accumulate for input expression 'credit transaction amount', and enter targets in the plan component associated with the performance measure.

Correct Answer: D

Question 4

The incentive compensation application set the payment batch status to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A. Pay sheets can be adjusted accordingly.

B. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.

C. Payment batches can be edited and reprocessed.

D. No adjustment can be done for that period.

Correct Answer: A

Question 5

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.Input.

C. You can refer to attribute Measure result.PMl.Output.

D. You can refer to attribute Measure result .PMl.PTD Output Achieved.

E. You can refer to attribute Measure result.PMl.PTD Output Achieved.

Correct Answer: A,B

Question 6

The status of the ESS (Enterprise Scheduler Service) request is 'Succeeded.'
But the transaction is not credited, and the status of the transaction is not 'Credited.'
Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?

A. Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.

B. Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.

C. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes. Attribute values and a credit receiver are assigned.

D. Answer B plus-You must assign the correct credit category to the performance measure.

E. Answer B plus-You must run Deploy Credit Rules for the correct date range.

Correct Answer: C

Question 7

Which three are reports you can customize few Mobile Commissions?

A. Reimbursements: Reimbursements and related details of the sale*, ii.ntic ip.int

B. Credits: Credits and related details of the sales participant

C. Analytics: Details of the recent analysis of the sales participant

D. Disputes: Details of the recent disputes raised by the sales participant

E. Payments: Payment transactions and related details of the sales participant

Correct Answer: B,D,E

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Question 8

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. Upgrade Production to the next release.

B. Import the Compensation Plans.

C. Enter a Service Request with My Oracle Support.

D. Align your patch level between Production and Test environments.

E. Set up the P2T tasks in Functional Setup Manager.

Correct Answer: E

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Oracle Incentive Compensation Cloud 2017 Implementation Essentials (1z1-971) Free Practice Test