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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A) No adjustment can be done for that period.
B) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
C) Pay sheets can be adjustedaccordingly.
D) Payment batches can be edited and reprocessed.

2. 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 only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
B) You can use db tools to copy the compensation plans from one business unit to another.
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 andperformance measures manually.
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.

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

4. The estimated Compensation module_________

A) both B and D
B) updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
C) uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders
D) allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
E) both B and C
F) works in runtime mode and can be invoked via a web service from third-party applications

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

Solutions: