Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Incentive Compensation
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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Transaction Processing and Reporting | - Reporting, dashboards, and analytics - Transaction classification and calculation |
| Configuring Incentive Compensation Plans | - Performance measures and plan components - Creation and management of compensation plans |
| Administering the Incentive Compensation System | - Classification and crediting setup - Participant and role management |
| Understanding Oracle Incentive Compensation Cloud | - Core implementation tasks and functional setup topics - Exam objectives and exam focus areas |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Which two statements are true for individualized compensation plan values?
- A. A participant's manager can personalize the compensation plan view if the Individualize option is selected.
- B. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
- C. Individualized ratevalues for a participant take precedence over original compensation plan rate values.
- D. A participant can personalize the compensation plan view if the Individualize option is selected.
- E. Individualized compensation plan values summarize transactions during the Calculation phase.
Correct Answer: C,E 🗳️
Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?
- A. Business Analyst, DBA, Reporting Specialist, Data Specialist
- B. System Administrator, Business Analyst, DBA, Project Manager
- C. Business Analyst, Reporting Specialist, Data Specialist, Project Manager
- D. System Administrator Business Analyst, Reporting Specialist, Project Manager
Correct Answer: C 🗳️
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. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
- C. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
- D. 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. - E. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
Correct Answer: C 🗳️
The estimated Compensation module_________
- A. both B and D
- B. uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders
- C. allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
- D. both B and C
- E. works in runtime mode and can be invoked via a web service from third-party applications
- F. updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
Correct Answer: B 🗳️
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 Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
- B. PCI must have Calculation sequence greater than that of PC2.
- C. PCI must have Calculation sequence less than that of PC2.
- D. PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as 'Phase 1'.
Correct Answer: D 🗳️
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