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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Reporting and Administration | - System Administration
|
| Topic 2: Incentive Compensation Cloud Overview | - Core Concepts of Incentive Compensation
|
| Topic 3: Incentive Calculation and Processing | - Calculation Engine
|
| Topic 4: Setup and Configuration | - Security Configuration
|
| Topic 5: Compensation Plans and Rules | - Plan Design
|
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?
- A. Collection-> Classification -> Crediting > Roll Up -> Calculation ->Payment
- B. Collection -> Classification -> Crediting -> Calculation ->Roll Up-> Payment
- C. Collection -> Classification-> Roll Up -> Crediting-> Calculation > Payment
- D. Collection -> Crediting > Classification -> Roll Up-> Calculation -> Payment
- E. Collection -> Crediting -> Roll Up-> Classification -> Calculation ->Payment
Correct Answer: C 🗳️
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Which statement is true about classification rules and credit categories?
- A. You can associatemultiple credit categories to a classification rule.
- B. You can associate classification rule to credit category via performance measure.
- C. You can associate only one credit category to a classification rule.
- D. You can define the split credit percentage at classification rule UI.
Correct Answer: A 🗳️
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. 'Display period data in participant reports' is selected.
- B. Report to work area mapping isdefined for each period.
- C. Status is set to 'Active' for all of the required months.
- D. Start and end dates for the fiscal months are valid.
Correct Answer: D 🗳️
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 process must be run before the Crediting process.
- D. Classification splits the credits among the participant credit receivers.
- E. Qualifiers are ANDed and qualifier attribute values are ORed.
Correct Answer: B,C,E 🗳️
You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?
- A. You can use db tools to copy the compensation plans from one business unit to another.
- B. 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 andperformance measures manually.
- C. You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
- D. 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.
Correct Answer: B 🗳️
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