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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Plans and Rules | - Credit and Allocation Rules
|
| Setup and Configuration | - Application Setup
|
| Reporting and Administration | - System Administration
|
| Incentive Calculation and Processing | - Calculation Engine
|
| Incentive Compensation Cloud Overview | - Core Concepts of Incentive Compensation
|
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the lastquarter of a fiscal year identify the three steps that the incentive compensation application administrator must take to set up this requirement before associating the reward with a plan component. In this case, the fiscal year corresponds to the calendaryear.
- A. Select the earning type to 'Monetary Earnings', define a conversion factor = 1, and define Start Date =
01-Oct and End Date - 31 Dec for the fiscal year. - B. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
- C. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
- D. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
- E. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
Correct Answer: E 🗳️
Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?
- A. Enter a Service Request with My Oracle Support.
- B. Set up the P2T tasks in Functional Setup Manager.
- C. Import the Compensation Plans.
- D. Align your patch levelbetween Production and Test environments.
- E. Upgrade Production to the next release.
Correct Answer: B,D 🗳️
Your configurations and reports are moved to the Production environment. You want to copy thorn to your Test environment. When should you schedule P2T?
- A. when P2T tasks are set up In FSM
- B. once Production and Test are aligned on the same patch
- C. after the next patch is applied to Test
- D. after the next patch is applied to Production
Correct Answer: A 🗳️
A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:
Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?
- A. LAPTOP
- B. COMPUTERS
- C. TOSHIBA
- D. INTEL
Correct Answer: C 🗳️
A profile option is set at Site and User levels. Which one takes precedence?
- A. Site
- B. user
- C. Global
- D. Product
Correct Answer: B 🗳️
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