Oracle Incentive Compensation Cloud 2021 Implementation Essentials (1z0-1062-21) Free Practice Test

Question 1

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 2

The estimated Compensation module_________

A. works in runtime mode and can be invoked via a web service from third-party applications

B. both B and D

C. updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation

D. allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels

E. uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders

F. both B and C

Correct Answer: E

Question 3

A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:

Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?

A. COMPUTERS

B. TOSHIBA

C. LAPTOP

D. INTEL

Correct Answer: B

Question 4

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

C. Report to work area mapping isdefined for each period.

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

Correct Answer: A

Question 5

An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo 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 6

Youwant to move configuration from Development Instance to Production Instance. Which three entities can be moved by using out of the box XML download and upload functionality?

A. PayGroups

B. Compensation Plan

C. Credit Categories

D. BU Parameter

E. Credit Rules

F. Classification Rules

G. PaymentPlans

H. Participant

I. Analyst

Correct Answer: B,E,H

Question 7

The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?

A. different currencies for payment of participants

B. Operating currency is different to the currency in which calculations are performed.

C. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.

D. different General Ledger account structures

E. The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.

Correct Answer: C

Question 8

The status of the ESS (Enterprise Scheduler Service) requestis '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 'Yes1and 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. Answer B plus-You must assign the correct credit category to the performance measure.

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

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

Correct Answer: E

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Oracle Incentive Compensation Cloud 2021 Implementation Essentials (1z0-1062-21) Free Practice Test