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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.
How should you configure the payment plan?

A) Associate the 'Commission' payment group category to "Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select 'Yes' for the Carry forward Maximum drop down, select 'Yes'for the Minimum Recovery option, and
'Immediate' for the Recovery Start option.
B) Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the 'Yes' for the Minimum Recovery option and 'Immediate' for the Recovery Start option.
C) Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option.
D) Associate the "Commission" payment group category to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category dropdown, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select "Yes" for the Carry Forward Maximum drop down, and select 'No' for the Minimum Recovery option.

2. By using which method can a new participant be created In the Incentive Compensation application?

A) using the Import Participant process
B) manually in the UI
C) using the Create Participant Web Service
D) using the Create Participant task in Setupand Maintenance

3. In which section of the Home screen dousers receive notifications generated by the Approvals functionality?

A) BPM Worklist
B) Approval Manager
C) Activity Stream
D) Worklist: Notifications and Approvals

4. 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 use the Human Resources Cloud Job field to filter which participants to include in the Import.
B) The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
C) The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
D) The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.

5. Which option will never have access to the full Business Unit?

A) the Sales Manager and the Participant
B) the Participant
C) the Compensation Analyst
D) the Compensation Manager
E) the Compensation Analyst and the Participant

Solutions: