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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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) LAPTOP
B) INTEL
C) COMPUTERS
D) TOSHIBA

2. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

A) Incentive Compensation Classification Rule Import
B) Incentive Compensation Compensation Plan Import
C) Incentive Compensation Participant Detail Import
D) Incentive Compensation Credit Category Import
E) Incentive Compensation Participant Goal Import
F) Incentive Compensation Transaction Import
G) Incentive Compensation Participant Import

3. 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 defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
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 associated the participants with the plan components where earning type is
'Point Rewards'.

4. 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 Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
B) PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as 'Phase 1'.
C) PCI must have Calculation sequence less than that of PC2.
D) PCI must have Calculation sequence greater than that of PC2.

5. 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
Whicharethe correct values of the corresponding BU parameters?

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

Solutions: