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Oracle 1z0-1062-21 Exam Questions

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Oracle Incentive Compensation Cloud 2021Implementation Essentials

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Oracle 1z0-1062-21 Sample Questions – Free Practice Test & Real Exam Prep

Question #1

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

  • A. Please select the period type for each newly-added period row.
  • B. The start date cannot be later than the end date for a period.
  • C. The date range should not overlap with any other period.
  • D. The period is overlapping with system defined quarterly period.
Answer: B


Question #2

Youwant to move configuration from Development Instance to Production Instance. Whichthree entities can be moved by using out of the boxXML download and upload functionality?

  • A. Credit Categories
  • B. PayGroups
  • C. BU Parameter
  • D. Analyst
  • E. PaymentPlans
  • F. Classification Rules
  • G. Credit Rules
  • H. Compensation Plan
Answer: G,H,I
Question #3

Of what type of role is Incentive Compensation Analyst an example?

  • A. Job
  • B. Abstract
  • C.Duty
  • D. Work Area
Answer: A
Job roles and abstract roles inherit duty roles. For example, the Incentive Compensation
Analyst job role inherits the Incentive Compensation Participant Assignments Duty,
Incentive Compensation Credits and Earnings Duty, Incentive Compensation Participant
Snapshot Management Duty, and the Incentive Compensation Payments Duty. The
Compensation Participant Assignments Duty makes it possible for the analyst to assign
plans, roles, pay groups, and payment plans to the participant.The Incentive Compensation
Payments Duty enables payment batch assembly and paysheet management.

Question #4

Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

  • A. CM_TP_TRANSACTIOM_DFP
  • B. FIC_TRANSACTION_DFF
  • C. CN_TP_BASETRAHS_DFF
  • D. XC BASE_TRANS_DFF
Answer: A

Question #5

Performance Measures can be addedto expressions in the expression builder. Whichstructures are supported?

  • A. Input of performance measure Interval-to-date can be used in the formula expression ofa plan component.
  • B. Output of performance measure on one plan component can be used asInput to ratetable on another performance measure on a different plan component.
  • C. The output of five performance measures can be combined in the formula expression ofa plan component.
  • D. The goalof one performance measure can be used in the formulaexpression of a different performance measure. E. A and D F. A, B, and C
Answer: F
Question #6

Dining the Rollup process, the Incentive Compensation application determines allparticipants who must receive indirect credit for the transaction.Identify the two options this is based on.

  • A. all the participants associated with that customer
  • B. all the participants in the compensation group
  • C. all the participants in theorganization
  • D. Rollup date
  • E. Rollup hierarchy effective for that date
Question #7

A performance measure is set up to determine the commission rate by using total salesattainment percentagetota quarter, which is measured as total sales by participant for thequarter divided by target for the quarter.How should youset up this performance measure?

  • A. Set Process Transaction= Individually and Interval - Quarter, select Running Total,select Accumulate for input expression 'credit transaction amount', and enter targets in theplan component associated with theperformance measure.
  • B. Set Process Transaction = Individually and Interval = Quarter, select Running Total,select Accumulate for input expression 'transaction amount', and enter targets directly inthe performance measure.
  • C. Set Process Transaction =Grouped by Interval and Interval - Quarter, have the inputexpression 'sum(Credit.transactlonamount/Measure.Target)' and enter targets in the plan componentassociated with the performance measure.
  • D. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the inputexpression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly inthe performance measure.
Answer: A

Question #8

Which three are reports you can customize few Mobile Commissions?

  • A. Payments: Payment transactions and related details of the sales participant
  • 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. Reimbursements:Reimbursements and related details of the sale*, ii.ntic ip.int
Question #9

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

  • A. PCI must have Calculation sequence less than that of PC2.
  • B. PCI must have Calculation sequence greater than that of PC2.
  • C. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as'Phase2’.
  • D. PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as'Phase 1’.
Answer: D

Question #10

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

  • A. when the incentive is to be calculated upon the event of the user running calculationsmanually as opposed to the event of automatically scheduled calculations
  • B. when the incentive is to be calculated based on many transactions grouped over anInterval
  • C. when the incentive Is to be calculated on a per transaction basis
  • D. when the incentive is to be calculated pet any kind of event, as long as the user definesthe event first
Answer: D

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