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Oracle 1z0-1062-21 Sample Question Answers
Question # 1
Identify the roles that are critical for implementation users to enable them to perform setuptasks In Fusion Setup Manager.
A. COMPENSATION PLAN ADMINISTRATOR B. APPLICATION IMPLEMENTATION CONSUI TANT C. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR D. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI E. BI_ADMINISTRATOR
Answer: D
Question # 2
A profile option is set at Site and User levels. Which one takes precedence?
A. Site B. user C. Product D. Global
Answer: B
Explanation: The value you specify for this profile option at the user level takes
precedence over the value that is setfor this profile option by the system administrator at
the site, application, responsibility, or user level.
An Incentive Compensation administrator wants to import the participant information fromOracle Human Resources Cloud for the employees having Job as 'Operation Support'.Which task can the Incentive Compensation administrator perform?
A. The administrator can assign quotas to participants based on integration with OracleHumanResources Cloud Compensation Workbench. B. The administrator can use the Human Resources Cloud Job field to filter whichparticipants to include in the Import. C. The administrator can assign roles to participants based on the Oracle HumanResources Cloud Job to Role mapping. D. The administrator can assign compensation plans to participants based on the OracleHuman Resources Cloud Job to Plan mapping.
Answer: D
Question # 4
You are required to create a compensation plan where commission is paid 6% oftransaction amount for credit category 'Laptop'. Also reporting requirement dictates you tocapture each older number along with earnedamount at the order level. You are alsoexpected to reuse already created expressions to maximize re usability.Which expression will you not be able to use in the plan component - Incentive formula?
A. Measure result.PM1.Output B. Measureresult.PM1.PTDOutputAchieved C. SUM ( Credit.Credit Amount ) D. Credit.Credit Amount
Answer: D
Question # 5
You are planning to move your configurations from the staging environment to theproduction environment.Which task must you not include?
A. Export and Import reports by using the archive/unarchive function. B. Move Calendar, Business Units, List of Values, and Profile Options by using FSM. C. Clone custom objects in Application Composer D. Export Compensation Plans to XML
Answer: C
Question # 6
The incentive compensation application set the paymentbatchstatus to 'Paid’ for aparticular period and the payments have to be adjusted for a Which is the correct way to dothis?
A. Payment batches can be edited and reprocessed. B. No adjustment can be done for that period. C. Pay sheets can be adjustedaccordingly. D. Reprocess earnings and payments; delta earnings and adjustments are included in thenew payment batch.
Answer: C
Question # 7
Which Oracle Sales Cloud and Incentive Compensation applications security constructcontrols what functions and data a user has access to?
A. Security Profile B. Role C. Responsibility D. Job
Answer: D
Question # 8
Your configurations and reports are moved to the Production environment. You want tocopy thorn to your Test environment. When should you schedule P2T?
A. when P2T tasks are set up In FSM B. after the next patch is applied to Test C. once Production and Test are aligned on the same patch D. after the next patch is applied to Production
Answer: A
Question # 9
Whichoption showsthecredit category or categoriesthatwill be assigned to this transactionduring the Classification process?
A. COMPUTERS B. LAPTOP C. TOSHIBA D. INTEL
Answer: C
Question # 10
The 'Run Crediting and Rollup’process request completes successfully but no credits arecreated. Which three configurations must be verified?
A. Participants assigned to a direct credit rule do not have the Manager role. B. The same participants are not assigned to multiple credit rules in the hierarchy. C. The transaction event date falls between thecredit rule start and end dates. D. The 'Deploy Credit Rule' process was run after the credit rules were created. E. 'EnableDirect Crediting* is set to 'Yes' on the 'Manage Parameters'page. F. The 'Deploy Compensation Plans' process was run after thecredit rules were created.
Answer: A,B,F
Question # 11
An administrator is defining periods in the Incentive Compensation application quarterlycalendar. She is defining the same start date fortwo periods with a different end date.Which Statement represents the error for this scenario?
A. Please select the period type for each newly-added period row. B. The start date cannot be later than the end date for a period. C. The date range should not overlap with any other period. D. The period is overlapping with system defined quarterly period.
Answer: B
Question # 12
Youwant to move configuration from Development Instance to Production Instance. Whichthree entities can be moved by using out of the boxXML download and upload functionality?
A. Credit Categories B. PayGroups C. BU Parameter D. Analyst E. PaymentPlans F. Classification Rules G. Credit Rules H. Compensation Plan
Answer: G,H,I
Question # 13
Of what type of role is Incentive Compensation Analyst an example?
A. Job B. Abstract C.Duty D. Work Area
Answer: A
Job roles and abstract roles inherit duty roles. For example, the Incentive Compensation
Analyst job role inherits the Incentive Compensation Participant Assignments Duty,
Incentive Compensation Credits and Earnings Duty, Incentive Compensation Participant
Snapshot Management Duty, and the Incentive Compensation Payments Duty. The
Compensation Participant Assignments Duty makes it possible for the analyst to assign
plans, roles, pay groups, and payment plans to the participant.The Incentive Compensation
Payments Duty enables payment batch assembly and paysheet management.
Question # 14
Which descriptive flexfield should you use to update Incentive Compensation Transaction details?
A. CM_TP_TRANSACTIOM_DFP B. FIC_TRANSACTION_DFF C. CN_TP_BASETRAHS_DFF D. XC BASE_TRANS_DFF
Answer: A
Question # 15
Performance Measures can be addedto expressions in the expression builder. Whichstructures are supported?
A. Input of performance measure Interval-to-date can be used in the formula expression ofa plan component. B. Output of performance measure on one plan component can be used asInput to ratetable on another performance measure on a different plan component. C. The output of five performance measures can be combined in the formula expression ofa plan component. D. The goalof one performance measure can be used in the formulaexpression of a different performance measure. E. A and D F. A, B, and C
Answer: F
Question # 16
Dining the Rollup process, the Incentive Compensation application determines allparticipants who must receive indirect credit for the transaction.Identify the two options this is based on.
A. all the participants associated with that customer B. all the participants in the compensation group C. all the participants in theorganization D. Rollup date E. Rollup hierarchy effective for that date
A performance measure is set up to determine the commission rate by using total salesattainment percentagetota quarter, which is measured as total sales by participant for thequarter divided by target for the quarter.How should youset 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 theplan component associated with theperformance measure. B. Set Process Transaction = Individually and Interval = Quarter, select Running Total,select Accumulate for input expression 'transaction amount', and enter targets directly inthe performance measure. C. Set Process Transaction =Grouped by Interval and Interval - Quarter, have the inputexpression 'sum(Credit.transactlonamount/Measure.Target)' and enter targets in the plan componentassociated with the performance measure. D. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the inputexpression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly inthe performance measure.
Answer: A
Question # 18
Which three are reports you can customize few Mobile Commissions?
A. Payments: Payment transactions and related details of the sales participant B. Credits: Credits and related details of the sales participant C. Analytics: Details of the recent analysis of the sales participant D. Disputes: Details of the recent disputes raised by the sales participant E. Reimbursements:Reimbursements and related details of the sale*, ii.ntic ip.int
You have a plan component, PCI, whoso output is dependent onplan component, PC2.Which two statements are true about achieving the stated objective?
A. PCI must have Calculation sequence less than that of PC2. B. PCI must have Calculation sequence greater than that of PC2. C. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as'Phase2’. D. PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as'Phase 1’.
Answer: D
Question # 20
When should you set 'Calculate Incentive = Per Event’while building a plan component?
A. when the incentive is to be calculated upon the event of the user running calculationsmanually as opposed to the event of automatically scheduled calculations B. when the incentive is to be calculated based on many transactions grouped over anInterval C. when the incentive Is to be calculated on a per transaction basis D. when the incentive is to be calculated pet any kind of event, as long as the user definesthe event first
Answer: D
Question # 21
The Implementation team is trying to determine how many business units (BUs) areneeded.Whichconsideration requires the creation of multiple BUs?
A. The HCM application has four separate BUs, so we must adopt them fc* IncentiveCompensation. B. The running of processes, the management of participant assignments, and theadministrative access to data must beseparated by principal lines of business. C. different General Ledger account structures D. different currencies for payment of participants E. Operating currency is different to the currency in which calculations are performed.
Answer: A
Question # 22
Which statement is true for theparticipant home currency?
A. A participant's home currency must be the same as the operating currency. B. A participant can be compensated for an invoice booked only in the participant's homecurrency. C. A participant's home currency must be the same for all participants in the organization. D. A participant can be compensated for an invoice booked in a currency different from theparticipant's home currency.
Answer: B
Question # 23
In a rollup hierarchy, three salespeople report to a manager and the manager reports to adirector. The manager is also entitled to receive direct credit from one of the direct creditrules.How should the rollup (Indirect) credit be allocated to the manager and the director in thisscenario?
A. The manager receives only direct credit (no rollup credit) and the director receives rollupcredit only for the manager's direct credit. B. The manager receives only direct credit (no rollup credit) and the director receives rollupcredit for all salespeople under the manager, aswell as for the manager's direct credits. C. The manager receives rollup credit for all direct reports and the director receives rollupcredit for all salespeople under the manager, as wellas for the manager's direct credits. D. The manager receives rollup credit for direct reports and the director receives rollupcredit only for the manager's direct credits. E. There willbe no rollup credits for the manager and the director because a managercannot be configured to receive both rollup and direct credits.
Answer: C
Question # 24
Which statement is true regarding role inheritance?
A. Jobandabstract roles are inherited by duty roles. B. Abstract roles are inherited by Job roles C. Roles are not inherited; they are assigned at their lowest level. D. Duty roles are inherited by job roles.
You have to write a custom function that accesses the performancemeasure output. You must pass the following parameters to uniquely identify data and do customcalculations. plan_cooponent_id formaula_id Participant_id Period idIn which table should you configure the required columns?
A. CN TP KEASURE_RESULTS_ALL B. CN SRP_PER_FORM_METRICS_ALL C. CW_TP_EARNINGS_ALL D. CM SRP PARTICIPANTS ALL
