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[Oct-2021] Verified Oracle Exam Dumps with 1Z0-1062-20 Exam Study Guide
NEW QUESTION 37
You must migrate data for around 500 participants along with attributes, historical Participant Goals, historical transactions. Compensation Plans, classification rules, and credit categories in a new Incentive Compensation implementation. The client is ready to provide data in a file format that is provided by you.
Which three templates can you use out of box for data migration?
- A. Incentive Compensation Classification Rule Import
- B. Incentive Compensation Participant Detail Import
- C. Incentive Compensation Credit Category Import
- D. Incentive Compensation Participant Import
- E. Incentive Compensation Compensation Plan Import
- F. Incentive Compensation Participant Goal Import
- G. Incentive Compensation Transaction Import
Answer: C,D,G
NEW QUESTION 38
Which three statements are true regarding Classification?
- A. Classification rules are used to classify transactions into meaningful credit categories.
- B. Rule criteria involve one or more transaction attributes.
- C. Classification splits the credits among the participant credit receivers.
- D. Qualifiers are ANDed and qualifier attribute values are ORed.
- E. Classification process must be run before the Crediting process.
Answer: B,D,E
NEW QUESTION 39
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. Pay sheets can be adjusted accordingly.
- B. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
- C. Payment batches can be edited and reprocessed.
- D. No adjustment can be done for that period.
Answer: A
NEW QUESTION 40
Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.
- A. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI
- B. APPLICATION IMPLEMENTATION CONSUI TANT
- C. BI_ADMINISTRATOR
- D. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR
- E. COMPENSATION PLAN ADMINISTRATOR
Answer: A
NEW QUESTION 41
The status of the ESS (Enterprise Scheduler Service) request is 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?
- A. Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.
- B. Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.
- C. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.
Attribute values and a credit receiver are assigned. - D. Answer B plus-You must assign the correct credit category to the performance measure.
- E. Answer B plus-You must run Deploy Credit Rules for the correct date range.
Answer: C
NEW QUESTION 42
Which are the three broad categories, based on which cross subject area reporting can be built?
- A. using common dimensions
- B. using common and local dimensions
- C. combining logical SQL using the Advanced tab
- D. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
Answer: A,B,D
Explanation:
Explanation
Cross-Subject Area Analyses: Explained
You can create analyses that combine data from more than one subject area. This type of query is referred to as a cross-subject area analysis. Cross-subject area analyses can be classified into three broad categories:
* Using common dimensions
* Using common and local dimensions
* Combining more than one result set from different subject areas using set operators such as union, union all, intersection and difference
NEW QUESTION 43
Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction.
Identify the two options this is based on.
- A. all the participants in the compensation group
- B. all the participants in the organization
- C. Rollup hierarchy effective for that date
- D. all the participants associated with that customer
- E. Rollup date
Answer: C,E
Explanation:
Explanation
https://docs.oracle.com/cloud/farel8/salescs_gs/FACMI/F1071275AN2125B.htm
NEW QUESTION 44
A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current date falls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.
- A. Create and pay another payment batch for period 4.
- B. Create and pay another payment batch for period 5.
- C. Create and pay another payment batch for period 7.
- D. Create and pay another payment batch for period 6.
- E. Create and pay a payment batch for period 8.
Answer: A,E
NEW QUESTION 45
Which option will never have access to the full Business Unit?
- A. the Compensation Analyst and the Participant
- B. the Compensation Manager
- C. the Participant
- D. the Sales Manager and the Participant
- E. the Compensation Analyst
Answer: C
NEW QUESTION 46
You have created one performance measure, PM1, which has the following definition with calculation sequence 1.
You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?
- A. You can refer to attribute Measure result.PMl.Input.
- B. You cannot access output of PMl In output expression of PMl.
- C. You can refer to attribute Measure result.PMl.Output.
- D. You can refer to attribute Measure result .PMl.PTD Output Achieved.
- E. You can refer to attribute Measure result.PMl.PTD Output Achieved.
Answer: A,B
NEW QUESTION 47
Which descriptive flexfield should you use to update Incentive Compensation Transaction details?
- A. XC BASE_TRANS_DFF
- B. CN_TP_BASETRAHS_DFF
- C. FIC_TRANSACTION_DFF
- D. CM_TP_TRANSACTIOM_DFP
Answer: D
NEW QUESTION 48
Which three participant related data can be used in calculation expressions without using user defined functions?
- A. Employee Descriptive Flexfields
- B. Standard Participant Fields such as currency code or cost center
- C. Resource Descriptive Flexfields
- D. Participant Details Descriptive Flexfields
- E. Participant Header Descriptive Flexfields
Answer: A,D,E
NEW QUESTION 49
Of what type of role is Incentive Compensation Analyst an example?
- A. Job
- B. Duty
- C. Abstract
- D. Work Area
Answer: A
Explanation:
Explanation
Job roles and abstract roles inherit duty roles. For example, the Incentive Compensation Analyst job role inherits the Incentive Compensation Participant Assignments Duty, Incentive Compensation Credits and Earnings Duty, Incentive Compensation Participant Snapshot Management Duty, and the Incentive Compensation Payments Duty. The Compensation Participant Assignments Duty makes it possible for the analyst to assign plans, roles, pay groups, and payment plans to the participant. The Incentive Compensation Payments Duty enables payment batch assembly and paysheet management.
NEW QUESTION 50
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 direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier - 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 team credit rule for this state and assign the participant as a credit receive
Answer: A
NEW QUESTION 51
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.
- A. Report to work area mapping is defined for each period.
- B. 'Display period data in participant reports' is selected.
- C. Status is set to 'Active' for all of the required months.
- D. Start and end dates for the fiscal months are valid.
Answer: D
NEW QUESTION 52
A regional sales manager is promoted to a higher position and becomes eligible to receive rollup credit from multiple business units. How should you create a rollup hierarchy rule to receive rollup horn multiple business units?
- A. Import all participants under the manager in all business units and copy the rollup hierarchy rules to each business unit.
- B. Cross-region rollups are not supported. Managers and salespeople must be participants In the same business unit
- C. Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
- D. No additional configurations are required because the application accommodates cross-region rollups.
Answer: A
NEW QUESTION 53
Which three are reports you can customize few Mobile Commissions?
- A. Analytics: Details of the recent analysis of the sales participant
- B. Payments: Payment transactions and related details of the sales participant
- C. Reimbursements: Reimbursements and related details of the sale*, ii.ntic ip.int
- D. Disputes: Details of the recent disputes raised by the sales participant
- E. Credits: Credits and related details of the sales participant
Answer: B,D,E
Explanation:
Explanation
http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r11/wn/r11_sales_wn.htm
NEW QUESTION 54
A performance measure is to be set up to determine the commission rate using total sales attainment percentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?
- A. Set Process Transaction = Grouped By Interval and Interval = Quarter, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure. - B. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
- C. 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.
- D. Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly in the performance measure.
Answer: A
NEW QUESTION 55
Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?
- A. Upgrade Production to the next release.
- B. Enter a Service Request with My Oracle Support.
- C. Set up the P2T tasks in Functional Setup Manager.
- D. Align your patch level between Production and Test environments.
- E. Import the Compensation Plans.
Answer: C,D
NEW QUESTION 56
You want to create compensation plans for a new business unit and found that the plans are similar to the existing compensation plans. How can you achieve this?
- A. You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.
- B. You can only manually create them in the new business unit, as you cannot Import plans exported from another business unit.
- C. You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components and performance measures manually.
- D. You can use db tools to copy the compensation plans from one business unit to another.
Answer: C
NEW QUESTION 57
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