1z0-1062-21 Exam Training Practice Tests (Oracle Incentive Compensation Cloud 2021 Implementation Essentials)]

Question 1

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. TOSHIBA B. LAPTOP C. INTEL D. COMPUTERS

Correct Answer: A

Question 2

The incentive compensation application set the paymentbatchstatus 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 adjustedaccordingly. D. No adjustment can be done for that period.

Correct Answer: C

Question 3

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

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

Correct Answer: C

Question 4

Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.

A. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR B. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI C. BI_ADMINISTRATOR D. APPLICATION IMPLEMENTATION CONSUI TANT E. COMPENSATION PLAN ADMINISTRATOR

Correct Answer: B

Question 5

Which two methods are valid when assigning a pay group to a participant?

A. Assign the pay group to the compensation plan and allow the participant to inherit the pay group. B. Assign the role to the pay group and allow the participant to inherit the pay group. C. Assign the pay group tothe credit category and allow the participant to inherit the pay group. D. Assign the pay group directly to the participant. E. If there is only one paygroup, all participants are automatically assigned to the pay group.

Correct Answer: A,B

Question 6

Your client is tuning four performance measures with the same output expression 'SUM (Credit.Credit Amount)' and no scorecard. The following transactions were processed through the performance measure.

On examining closely, you found that though performance measure has the same output expression, the output (refer below) for the performance measure is not equal.

Which performance measure attribute is responsible for this variation?

A. Unit of Measure B. Process Transactions C. Distribute By D. Performance Interval

Correct Answer: A

Question 7

An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?

A. The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'. B. The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type. C. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation. D. The administrator must have defined'Point Rewards' as a monetary earning type. E. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.

Correct Answer: C

Question 8

Which statement is true about classification rules and credit categories?

A. You can define the split credit percentage at classification rule UI. B. You can associate only one credit category to a classification rule. C. You can associate classification rule to credit category via performance measure. D. You can associatemultiple credit categories to a classification rule.

Correct Answer: D

Oracle Incentive Compensation Cloud 2021 Implementation Essentials - 1z0-1062-21 Exam Practice Test