1Z1-1015 Exam Training Practice Tests (Oracle Incentive Compensation Cloud 2018 Implementation Essentials)]

Question 1

Will the earnings for participants be calculated once their Active End Date has elapsed?

A. Earnings will be calculated lot participants as long as they exist m the fusion Incentive Compensation system. B. Earnings will not be calculated if their Active End Date has elapsed. C. Earnings will not be calculated if their Compensation End date has elapsed. D. Earnings will be calculated foe participants as long as they remain assigned to a compensation plan.

Correct Answer: A

Question 2

You must create a request set for simplifying the Incentive Compensation processes for your end customer.
You asked Oracle Support to put the programs in the following sequence:
1. Revert Transaction
2. Run Crediting and Rollup
3. Run Classify Credits
4. Calculate
Which are the correct values of the corresponding BU parameters?

A. Rollup Using = Both, Classify after crediting B. Rollup using Credit Hierarchy, Classify after crediting C. Rollup using Credit Hierarchy, Classify before crediting D. Rollup using Rollup Hierarchy, Classify after crediting

Correct Answer: D

Question 3

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. 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. B. Assign the participant to the global business unit and global role, C. Assign the participant to a new role and resource group. D. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.

Correct Answer: A

Question 4

A customer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?

A. Create a team credit rule for this state and assign the participant as a credit receive B. Create a rollup hierarchy rule and assign the participant as a credit receiver. C. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier. D. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier

Correct Answer: D

Question 5

The incentive compensation application set the payment batch status to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A. Payment batches can be edited and reprocessed. B. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch. C. Pay sheets can be adjusted accordingly. D. No adjustment can be done for that period.

Correct Answer: C

Question 6

You are required to create a compensation plan where commission is paid 6% of transaction amount for credit category 'Laptop'. Also reporting requirement dictates you to capture each older number along with earned amount at the order level. You are also expected to reuse already created expressions to maximize re usability.
Which expression will you not be able to use in the plan component - Incentive formula?

A. Measure result.PM1.PTD Output Achieved B. SUM ( Credit.Credit Amount ) C. Credit.Credit Amount D. Measure result.PM1.Output

Correct Answer: C

Question 7

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

A. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation. B. different currencies for payment of participants C. Operating currency is different to the currency in which calculations are performed. D. different General Ledger account structures E. The running of processes, the management of participant assignments, and the administrative access to data must be separated by principal lines of business.

Correct Answer: A

Question 8

Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this be accomplished?

A. Create a new role and add read privileges. B. Copy the Participant role and add Analyst Duty Roles. C. Create a new role template. D. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.

Correct Answer: A

Oracle Incentive Compensation Cloud 2018 Implementation Essentials - 1Z1-1015 Exam Practice Test