Oracle Incentive Compensation Cloud 2018 Implementation Essentials (1Z1-1015) Free Practice Test

Question 1

You are planning to move your configurations from the staging environment to the production environment.
Which task must you not include?

A. Export and Import reports by using the archive/unarchive function.

B. Move Calendar, Business Units, List of Values, and Profile Options by using FSM.

C. Export Compensation Plans to XML

D. Clone custom objects in Application Composer

Correct Answer: D

Question 2

A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current date falls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.

A. Create and pay another payment batch for period 6.

B. Create and pay another payment batch for period 5.

C. Create and pay a payment batch for period 8.

D. Create and pay another payment batch for period 4.

E. Create and pay another payment batch for period 7.

Correct Answer: C,D

Question 3

Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.

A. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR

B. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI

C. APPLICATION IMPLEMENTATION CONSUI TANT

D. BI_ADMINISTRATOR

Correct Answer: D

Question 4

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 (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.

B. 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.

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 5

You have a plan component, PCI, whoso output is dependent on plan component, PC2. Which two statements are true about achieving the stated objective?

A. PCI must have Calculation Phase as ,Phase2' and PC2 must have calculation phase as 'Phase 1'.

B. PCI must have Calculation sequence less than that of PC2.

C. PCI must have Calculation sequence greater than that of PC2.

D. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.

Correct Answer: A

Question 6

Your customer is eager to see quick benefits with the new cloud software they bought. Which approach can you recommend?

A. Start small and add functionality incrementally.

B. Import data that fits out of the box and enable reporting.

C. Conduct thorough requirement sessions to determine priorities.

D. Configure in Production instance from the start of the project.

Correct Answer: A

Question 7

Which two currencies must you define when creating compensation business units?

A. Participant Home

B. Processing

C. Operating

D. Functional

Correct Answer: B,C

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 8

The 'Run Crediting and Rollup' process request completes successfully but no credits are created. Which three configurations must be verified?

A. The transaction event date falls between the credit rule start and end dates.

B. 'Enable Direct Crediting* is set to 'Yes' on the 'Manage Parameters' page.

C. Participants assigned to a direct credit rule do not have the Manager role.

D. The same participants are not assigned to multiple credit rules in the hierarchy.

E. The 'Deploy Compensation Plans' process was run after the credit rules were created.

F. The 'Deploy Credit Rule' process was run after the credit rules were created.

Correct Answer: C,D,E

Welcome to TestSimulate

Oracle Incentive Compensation Cloud 2018 Implementation Essentials (1Z1-1015) Free Practice Test