1z1-971 Exam Training Practice Tests (Oracle Incentive Compensation Cloud 2017 Implementation Essentials)]

Question 1

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 2

A performance measure is set up to determine the commission rate by using total sales attainment percentage tot a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should you set 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 the plan component associated with the performance measure. B. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure. C. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure. D. Set Process Transaction = Grouped by Interval and Interval - Quarter, have the input expression 'sum
(Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure.

Correct Answer: A

Question 3

Your customer is eager to see quick benefits with the new cloud software they bought.
Which approach can you recommend?

A. Import data that fits out of the box and enable reporting. B. Conduct thorough requirement sessions to determine priorities. C. Configure in Production instance from the start of the project. D. Start small and add functionality incrementally.

Correct Answer: D

Question 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 Human Resources Cloud Compensation Workbench.

Correct Answer: B

Question 5

Which three participant related data can be used in calculation expressions without using user defined functions?

A. Participant Details Descriptive Flexfields B. Employee Descriptive Flexfields C. Participant Header Descriptive Flexfields D. Standard Participant Fields such as currency code or cost center E. Resource Descriptive Flexfields

Correct Answer: A,B,C

Question 6

The 'Run Crediting and Rollup' process request completes successfully but no credits are created.
Which three configurations must be verified?

A. Participants assigned to a direct credit rule do not have the Manager role. B. 'Enable Direct Crediting* is set to 'Yes' on the 'Manage Parameters' page. C. The transaction event date falls between the credit rule start and end dates. D. The same participants are not assigned to multiple credit rules in the hierarchy. E. The 'Deploy Credit Rule' process was run after the credit rules were created. F. The 'Deploy Compensation Plans' process was run after the credit rules were created.

Correct Answer: A,D,F

Question 7

Your customer needs a few extra fields to be displayed in management reports. These
Holds are being captured In Descriptive Flex-fields. At what stage should you enable
Descriptive Flex-field for BI Reporting?

A. while defining the segments by selecting the Enable for Reporting check box B. while deploying the flexfield by selecting the Enable for Reporting check box C. while creating subject areas for Incentive Compensation Reporting D. while executing the program to enable Descriptive Flex-field for BI Reporting

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

Correct Answer: A

Oracle Incentive Compensation Cloud 2017 Implementation Essentials - 1z1-971 Exam Practice Test