Oracle Incentive Compensation Cloud 2017 Implementation Essentials

QUESTION NO: 1
You want to create compensation plans for a new business unit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A. You can use db tools to copy the compensation plans from one business unit to another. B. You can only manually create them in the new business unit, as you cannot Import plans exported from another business unit. 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, which imports the complete compensation plans with the associated plan components. 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, but you must create plan components and performance measures manually.

Correct Answer: D

QUESTION NO: 2
Your client wants to encourage continuous growth from quarter, to quarter to ensure its representatives are pushing themselves and growing the business. As such, your client has created a quarterly SPIF (Sales Promotion Incentive Fund) to reward growth. The client wants to take the current quarter's attainment, and compare it to prior quarters. If growth Is positive, the client will give them an additional $2000. If not, then nothing.
Which expression should you use to meet the requirement?

A. Previous Interval Attainment B. Date Difference C. Rolling Average Attainment D. YTD (Year-to date) Target Incentive

Correct Answer: B

QUESTION NO: 3
You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Although some of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?

A. Select Operating Currency as USD and select Processing Currency as Participant's Home Currency. B. Select Processing Currency as USD only. Operating Currency is not mandatory. C. Select Operating Currency as USD and Processing Currency as USD. D. Select Operating Currency as USD and select Processing Currency as Operating Currency.

Correct Answer: B

QUESTION NO: 4
A profile option is set at Site and User levels. Which one takes precedence?

A. Product B. user C. Site D. Global

Correct Answer: B

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 5
Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this be accomplished?

A. Copy the Participant role and add Analyst Duty Roles. B. Copy the Analyst Role and delete all privileges in the provisioning template other than
Read. C. Create a new role template. D. Create a new role and add read privileges.

Correct Answer: D

QUESTION NO: 6
Which statement is true regarding role inheritance?

A. Duty roles are inherited by job roles. B. Job and abstract roles are inherited by duty roles. C. Roles are not inherited; they are assigned at their lowest level. D. Abstract roles are inherited by Job roles

Correct Answer: B

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 7
Which format must the date column value have In File Based Data Import?

A. DD/MM/YYYY B. Date format is configurable C. MM/DD/YYYY D. YYYY/MM/DD

Correct Answer: B

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 8
Which three statements are true regarding Classification?

A. Qualifiers are ANDed and qualifier attribute values are ORed. B. Classification process must be run before the Crediting process. C. Classification splits the credits among the participant credit receivers. D. Rule criteria involve one or more transaction attributes. E. Classification rules are used to classify transactions into meaningful credit categories.

Correct Answer: A,B,D

Oracle Incentive Compensation Cloud 2017 Implementation Essentials - 1z1-971 Exam Questions