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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
B) 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.
C) Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
D) Set the conversion factor to 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'.

2. An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?

A) The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
B) The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.
C) The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
D) The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.

3. Of what type of role is Incentive Compensation Analyst an example?

A) Job
B) Work Area
C) Duty
D) Abstract

4. You are planning to move your configurations from the staging environment to the production environment.
Which task must you not include?

A) Export and Import reports by using the archive/unarchive function.
B) Export Compensation Plans to XML
C) Clone custom objects in Application Composer
D) Move Calendar, Business Units, List of Values, and Profile Options by using FSM.

5. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

A) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
B) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
C) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
D) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.

Solutions: