Oracle Incentive Compensation Cloud 2021 Implementation Essentials

QUESTION NO: 1
By using which method can a new participant be created In the Incentive Compensation application?

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

Correct Answer: C

QUESTION NO: 2
A performance measure is to be set up to determine the commission rate using total sales attainmentpercentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?

A. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure. B. Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly inthe performance measure. C. Set Process Transaction = Grouped By Interval and Interval = Quarter, have theinput expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure. D. Set Process Transaction = Individually and Interval=Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure

Correct Answer: C

QUESTION NO: 3
In which section of the Home screen dousers receive notifications generated by the Approvals functionality?

A. BPM Worklist B. Worklist: Notifications and Approvals C. Activity Stream D. Approval Manager

Correct Answer: B

QUESTION NO: 4
A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.

A. Create and pay another payment batch for period 4. B. Create and pay another payment batch for period 7. C. Create and pay another payment batch for period 5. D. Create and pay another payment batch for period 6. E. Create and pay a payment batch for period 8.

Correct Answer: A,E

QUESTION NO: 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. Create a new HR employee record forthis participant as transfer across business unit is not supported by the application. D. 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.

Correct Answer: D

QUESTION NO: 6
A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combiningreports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.

A. This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join. B. This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join. C. This technique allows you to Join multiple logical SQL statements by using Equi Joins. D. This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join. E. This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.

Correct Answer: C

QUESTION NO: 7
Which statement is true about classification rules and credit categories?

A. You can associate classification rule to credit category via performance measure. B. You can associate only one credit category to a classification rule. C. You can associatemultiple credit categories to a classification rule. D. You can define the split credit percentage at classification rule UI.

Correct Answer: C

QUESTION NO: 8
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.

A. Start and end dates for the fiscal months are valid. B. Report to work area mapping isdefined for each period. C. 'Display period data in participant reports' is selected. D. Status is set to 'Active' for all of the required months.

Correct Answer: A

Oracle Incentive Compensation Cloud 2021 Implementation Essentials - 1z0-1062-21 Exam Questions