Oracle Incentive Compensation Cloud 2019 Implementation Essentials (1Z1-1062) Free Practice Test

Question 1

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 2

A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

A. Assign the participant to the global business unit and global role,

B. Assign the participant to a new role and resource group.

C. Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.

D. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.

Correct Answer: C

Question 3

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. Import all participants under the manager inall business units and copy the rollup hierarchy rules to each business unit.

B. Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.

C. Cross-region rollups are not supported. Managers and salespeople must be participants In the same business unit

D. No additional configurations are required because the application accommodates cross-region rollups.

Correct Answer: A

Question 4

An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date for two periods with a different end date.
Which Statement represents the error for this scenario?

A. The date range should not overlap with any other period.

B. The start date cannot be later than the end date for a period.

C. Please select the period type for each newly-added period row.

D. The period is overlapping with system defined quarterly period.

Correct Answer: B

Question 5

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 6

Which two statements are true when you create an expression?

A. You can use the metrics of both plan components and performance measures in your expression.

B. You can use the metrics of a plan component but not of a performance measure in your expression.

C. An expression like Credit.Credit__Amount*SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.

D. An expression like Credit.Credit Amount* SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.

E. You can use the metrics of a performance measure but not of a plan component in your expression.

Correct Answer: B,D

Question 7

An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?

A. The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.

B. The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.

C. The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.

D. The administrator can assign quotas to participants based on integration with Oracle Human Resources Cloud Compensation Workbench.

Correct Answer: B

Question 8

The incentive compensation application set the payment batchstatus 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

Welcome to TestSimulate

Oracle Incentive Compensation Cloud 2019 Implementation Essentials (1Z1-1062) Free Practice Test