Practice Incentive Compensation 1Z0-1062-20 exam. Online Exam Practice Tests with detailed explanations! Pass 1Z0-1062-20 with confidence!
1Z0-1062-20 - Oracle Incentive Compensation Cloud 2020 Implementation Essentials Practice Tests 2021 | TestkingPass
NEW QUESTION 11
Which two methods are valid when assigning a pay group to a participant?
- A. Assign the pay group to the compensation plan and allow the participant to inherit the pay group.
- B. Assign the pay group to the credit category and allow the participant to inherit the pay group.
- C. Assign the pay group directly to the participant.
- D. If there is only one pay group, all participants are automatically assigned to the pay group.
- E. Assign the role to the pay group and allow the participant to inherit the pay group.
Answer: A,E
NEW QUESTION 12
Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this be accomplished?
- A. Copy the Participant role and add Analyst Duty Roles.
- B. Create a new role and add read privileges.
- C. Create a new role template.
- D. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
Answer: B
NEW QUESTION 13
A profile option is set at Site and User levels. Which one takes precedence?
- A. Product
- B. user
- C. Site
- D. Global
Answer: B
Explanation:
Explanation
The value you specify for this profile option at the user level takes precedence over the value that is set for this profile option by the system administrator at the site, application, responsibility, or user level.
https://docs.oracle.com/cd/E18727_01/doc.121/e13510/T447343T355483.htm
NEW QUESTION 14
You must create a request set for simplifying the Incentive Compensation processes for your end customer.
You asked Oracle Support to put the programs in the following sequence:
1. Revert Transaction
2. Run Crediting and Rollup
3. Run Classify Credits
4. Calculate
Which are the correct values of the corresponding BU parameters?
- A. Rollup using Credit Hierarchy, Classify after crediting
- B. Rollup Using = Both, Classify after crediting
- C. Rollup using Rollup Hierarchy, Classify after crediting
- D. Rollup using Credit Hierarchy, Classify before crediting
Answer: C
NEW QUESTION 15
You are required to create a compensation plan where commission is paid 6% of transaction amount for credit category 'Laptop'. Also reporting requirement dictates you to capture each older number along with earned amount at the order level. You are also expected 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. Credit.Credit Amount
- C. Measure result.PM1.PTD Output Achieved
- D. SUM ( Credit.Credit Amount )
Answer: B
NEW QUESTION 16
A company has its classification rules, which are at the same level in the hierarchy, set up as:
Which option shows the credit category or categories that will be assigned to this transaction during the Classification process?
- A. COMPUTERS
- B. TOSHIBA
- C. INTEL
- D. LAPTOP
Answer: B
NEW QUESTION 17
A customer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?
- A. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier - B. Create a rollup hierarchy rule and assign the participant as a credit receiver.
- C. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
- D. Create a team credit rule for this state and assign the participant as a credit receive
Answer: A
NEW QUESTION 18
The incentive compensation application set the payment batch status to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
- A. Pay sheets can be adjusted accordingly.
- B. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
- C. Payment batches can be edited and reprocessed.
- D. No adjustment can be done for that period.
Answer: A
NEW QUESTION 19
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. Report to work area mapping is defined for each period.
- B. 'Display period data in participant reports' is selected.
- C. Status is set to 'Active' for all of the required months.
- D. Start and end dates for the fiscal months are valid.
Answer: D
NEW QUESTION 20
Which two statements are true about disputes?
- A. Compensation Managers can reassign disputes to different analysts.
- B. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
- C. Participants can view the disputes they have created in their worklist
- D. Disputes are assigned to the analyst who is associated with the participant creating the dispute.
Answer: D
NEW QUESTION 21
Which are the three broad categories, based on which cross subject area reporting can be built?
- A. using common dimensions
- B. using common and local dimensions
- C. combining logical SQL using the Advanced tab
- D. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
Answer: A,B,D
Explanation:
Explanation
Cross-Subject Area Analyses: Explained
You can create analyses that combine data from more than one subject area. This type of query is referred to as a cross-subject area analysis. Cross-subject area analyses can be classified into three broad categories:
* Using common dimensions
* Using common and local dimensions
* Combining more than one result set from different subject areas using set operators such as union, union all, intersection and difference
NEW QUESTION 22
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 is true 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 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.
- C. The administrator must have defined 'Point Rewards' as a monetary earning type.
- D. The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'. - E. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
Answer: B
NEW QUESTION 23
In which section of the Home screen do users receive notifications generated by the Approvals functionality?
- A. Activity Stream
- B. Worklist: Notifications and Approvals
- C. Approval Manager
- D. BPM Worklist
Answer: B
NEW QUESTION 24
You want to move configuration from Development Instance to Production Instance. Which three entities can be moved by using out of the box XML download and upload functionality?
- A. Classification Rules
- B. Payment Plans
- C. BU Parameter
- D. Participant
- E. Analyst
- F. Credit Rules
- G. Compensation Plan
- H. Pay Groups
- I. Credit Categories
Answer: D,F,G
NEW QUESTION 25
A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ' and margin is between 0 and 10 percent, the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?
- A. Option D
- B. Option C
- C. Option A
- D. Option B
- E. Option E
Answer: B,E
NEW QUESTION 26
You have created one performance measure, PM1, which has the following definition with calculation sequence 1.
You want to refer PMl output in performance measure 2 having calculation sequence 2. Which two statements are true?
- A. You can refer to attribute Measure result.PMl.Input.
- B. You cannot access output of PMl In output expression of PMl.
- C. You can refer to attribute Measure result.PMl.Output.
- D. You can refer to attribute Measure result .PMl.PTD Output Achieved.
- E. You can refer to attribute Measure result.PMl.PTD Output Achieved.
Answer: A,B
NEW QUESTION 27
You want to enable Plan Component ID, Period ID, and Participant ID for use as parameters in a User-Defined Function. Which table should these be drawn from?
- A. CN_SRP_PIAN_C0HPONENTS_ALL
- B. CN_SRP_PER_FORM_METRICS_ALL
- C. CN_SRP_SUBLEDGER_ALL
- D. CN_TP_TRANSACTIONS_ALL
- E. CN_SRP_PARTICIPANTS_ALL
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel10/salescs_gs/FACMI/FACMI1417756.htm#FACMI1400328
NEW QUESTION 28
In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?
- A. Collection -> Crediting > Classification -> Roll Up -> Calculation -> Payment
- B. Collection -> Crediting -> Roll Up -> Classification -> Calculation ->Payment
- C. Collection -> Classification -> Crediting > Roll Up -> Calculation ->Payment
- D. Collection -> Classification -> Roll Up -> Crediting -> Calculation > Payment
- E. Collection -> Classification -> Crediting -> Calculation ->Roll Up -> Payment
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel9/salescs_gs/FACMI/F1467975AN23409.htm#FACMI1467975
NEW QUESTION 29
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