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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
B) Payment batches can be edited and reprocessed.
C) Pay sheets can be adjustedaccordingly.
D) No adjustment can be done for that period.

2. The status of the ESS (Enterprise Scheduler Service) requestis 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?

A) Answer B plus-You must run Deploy Credit Rules for the correct date range.
B) Answer B plus-You must set 'Enable Rollup' to 'Yes1and select 'Rollup in Credit Hierarchy.
C) Answer B plus-You must assign the correct credit category to the performance measure.
D) The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.Attribute values and a credit receiver are assigned.
E) Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.

3. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
B) Payment batches can be edited and reprocessed.
C) Pay sheets can be adjustedaccordingly.
D) No adjustment can be done for that period.

4. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

A) Incentive Compensation Participant Detail Import
B) Incentive Compensation Compensation Plan Import
C) Incentive Compensation Participant Goal Import
D) Incentive Compensation Transaction Import
E) Incentive Compensation Credit Category Import
F) Incentive Compensation Classification Rule Import
G) Incentive Compensation Participant Import

5. A profile option is set at Site and User levels. Which one takes precedence?

A) Product
B) user
C) Site
D) Global

Solutions: