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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A) 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 andperformance measures manually.
B) You can use db tools to copy the compensation plans from one business unit to another.
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 only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.

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 '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.
B) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
C) The administrator must have defined'Point Rewards' as a monetary earning type.
D) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
E) 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.

3. An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

A) The start date cannot be later than the end date for a period.
B) The date range should not overlap with any other period.
C) Please select the period type for each newly-added period row.
D) The period is overlapping with system defined quarterly period.

4. An expression is to be set up so that if the transaction amount is greater than 1000, the expression should return the string'MORE'; ifthetransaction amount is less than 1000, it should returnthestring 'LESS'; and if the transaction amount is equal to 1000, It should return thestring'EQUAL'.
Which three options can be used to set this expression up to accurately give the desired output?

A) Option C
B) Option E
C) Option B
D) Option D
E) OptionA

5. You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Althoughsome 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 Processing Currency as USD only. Operating Currency is not mandatory.
B) Select Operating Currency as USD and select Processing Currency as Operating Currency.
C) Select Operating Currency as USD andselect Processing Currency as Participant's Home Currency.
D) Select Operating Currency as USD and Processing Currency as USD.

Solutions: