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Oracle 1z0-1062-21 real answers - Oracle Incentive Compensation Cloud 2021 Implementation Essentials

1z0-1062-21
  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Updated: Aug 17, 2026
  • Q & A: 76 Questions and Answers
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Oracle 1z0-1062-21 Exam Syllabus Topics:

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

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

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


2. Performance Measures can be addedto expressions in the expression builder. Which structures are supported?

A) Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
B) Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
C) A, B, and C
D) A and D
E) The output of five performance measures can be combined in the formula expression of a plan component.
F) The goalof one performance measure can be used in the formulaexpression of a different performance measure.


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


4. By using which method can a new participant be created In the Incentive Compensation application?

A) manually in the UI
B) using the Create Participant Web Service
C) using the Import Participant process
D) using the Create Participant task in Setupand Maintenance


5. Which asset typo must you select for searching web service in Oracle Enterprise Repository?

A) ADF service Data Object
B) ADF Service
C) Composite Service
D) Composite


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: D

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