Oracle : 1z0-1062-21 Questions & Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Participants, Payments, and Reporting15%- Participant Setup and Hierarchies
- Maintenance and Troubleshooting
- Paysheets and Payment Administration
- Analytics, Dashboards, and Reports
Topic 2: Core Setup and Configuration25%- Calendars, Periods, and Currencies
- Enterprise Structure and Reference Data
- Profile Options and Parameters
Topic 3: Overview of Incentive Compensation Cloud15%- Implementation Methodology
- Security and Access Control
- Key Concepts and Architecture
Topic 4: Classification and Crediting20%- Crediting Hierarchies and Rules
- Transaction Classification Rules
- Processing Transactions
Topic 5: Compensation Plans and Components25%- Earnings and Calculation Logic
- Performance Measures and Formulas
- Plan Design and Creation
- Rate Tables and Tiers

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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 define the split credit percentage at classification rule UI.
D) You can associate only one credit category to a classification rule.


2. A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A) Option E
B) Option B
C) Option D
D) Option A
E) Option C


3. 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.PTD Output Achieved.
B) You can refer to attribute Measure result.PMl.Output.
C) You cannot access output of PMl In output expression of PMl.
D) You can refer to attribute Measure result.PMl.Input.
E) You can refer to attribute Measure result.PMl.PTD Output Achieved.


4. Your customer needs a fewextra fieldsto be displayed inmanagement reports. TheseHolds are being captured In Descriptive Flex-fields. At what stage should you enable Descriptive Flex-field for BIReporting?

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


5. 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 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.
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, which imports the complete compensation plans with the associated plan components.
C) You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
D) You can use db tools to copy the compensation plans from one business unit to another.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A,E
Question # 3
Answer: C,D
Question # 4
Answer: D
Question # 5
Answer: A

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