Oracle Incentive Compensation Cloud 2020 Implementation Essentials (1Z0-1062-20) Free Practice Test

Question 1

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 2

In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?

A. Collection -> Crediting > Classification -> Roll Up -> Calculation -> Payment

B. Collection -> Classification -> Roll Up -> Crediting -> Calculation > Payment

C. Collection -> Crediting -> Roll Up -> Classification -> Calculation ->Payment

D. Collection -> Classification -> Crediting > Roll Up -> Calculation ->Payment

E. Collection -> Classification -> Crediting -> Calculation ->Roll Up -> Payment

Correct Answer: B

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Question 3

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

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

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 on a per transaction basis

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: B

Question 4

Which two statements are true regarding the Complete Calculation process?

A. recalculates all transactions for a given period

B. meant for minor changes that affect few participants

C. can be time-consuming on very large volume transactions

D. limited to only a particular sales hierarchy

Correct Answer: A,C

Question 5

Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

A. Business Analyst, Reporting Specialist, Data Specialist, Project Manager

B. System Administrator, Business Analyst, DBA, Project Manager

C. System Administrator Business Analyst, Reporting Specialist, Project Manager

D. Business Analyst, DBA, Reporting Specialist, Data Specialist

Correct Answer: A

Question 6

Performance Measures can be added to expressions in the expression builder. Which structures are supported?

A. 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.

B. The goal of one performance measure can be used in the formula expression of a different performance measure.

C. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.

D. A, B, and C

E. A and D

F. The output of five performance measures can be combined in the formula expression of a plan component.

Correct Answer: D

Question 7

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. Start and end dates for the fiscal months are valid.

B. Report to work area mapping is defined for each period.

C. 'Display period data in participant reports' is selected.

D. Status is set to 'Active' for all of the required months.

Correct Answer: A

Question 8

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. 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.

B. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.

C. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.

D. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'

E. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.

Correct Answer: B

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Oracle Incentive Compensation Cloud 2020 Implementation Essentials (1Z0-1062-20) Free Practice Test