Oracle : 1z0-1062-21 Questions & Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Transaction Processing and Reporting- Reporting, dashboards, and analytics
- Transaction classification and calculation
Topic 2: Administering the Incentive Compensation System- Classification and crediting setup
- Participant and role management
Topic 3: Understanding Oracle Incentive Compensation Cloud- Core implementation tasks and functional setup topics
- Exam objectives and exam focus areas
Topic 4: Configuring Incentive Compensation Plans- Creation and management of compensation plans
- Performance measures and plan components

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

The status of the ESS (Enterprise Scheduler Service) requestis '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 run Deploy Credit Rules for the correct date range.
  • 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. Answer B plus-You must assign the correct credit category to the performance measure.
  • D. Answer B plus-You must set 'Enable Rollup' to 'Yes1and select 'Rollup in Credit Hierarchy.
  • E. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.Attribute values and a credit receiver are assigned.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Question #2

Which two statements are true about disputes?

  • A. Compensation Managers can reassign disputes todifferent analysts.
  • B. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
  • C. Disputes are assigned to the analyst who is associated with the participant creating the dispute.
  • D. Participants can view the disputes they have created in their worklist
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

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. Create a new HR employee record forthis participant as transfer across business unit is not supported by the application.
  • B. 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.
  • C. Assign the participant to a new role and resource group.
  • D. Assign the participant to the global business unit and global role,
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

Which two statements are true for individualized compensation plan values?

  • A. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
  • B. A participant can personalize the compensation plan view if the Individualize option is selected.
  • C. Individualized ratevalues for a participant take precedence over original compensation plan rate values.
  • D. Individualized compensation plan values summarize transactions during the Calculation phase.
  • E. A participant's manager can personalize the compensation plan view if the Individualize option is selected.
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

Question #5

Which Oracle Sales Cloud and Incentive Compensation applications security construct controls what functions and data a user has access to?

  • A. Responsibility
  • B. Job
  • C. Security Profile
  • D. Role
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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