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

2. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?

A) The administrator must have defined'Point Rewards' as a monetary earning type.
B) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
C) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
D) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
E) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.

3. Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

A) Business Analyst, DBA, Reporting Specialist, Data Specialist
B) System Administrator Business Analyst, Reporting Specialist, Project Manager
C) System Administrator, Business Analyst, DBA, Project Manager
D) Business Analyst, Reporting Specialist, Data Specialist, Project Manager

4. The estimated Compensation module_________

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

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

A) Role
B) Responsibility
C) Job
D) Security Profile

Solutions: