1Z0-1015 by Oracle Actual Free Exam Questions And Answers

Question 1

Which method enables an Incentive Compensation application administrate, to bypass payment approval?

A. Set Paysheet Approval Status to 'Approved- in the Manage Parameters task.

B. Set up an empty payment administration hierarchy.

C. Payment approval cannot be bypassed.

D. Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.

Discussion 0

Correct Answer: A Vote an answer

Question 2

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

A. Abstract

B. Job

C. Duty

D. Work Area

Discussion 0

Correct Answer: B Vote an answer

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Question 3

You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Although some of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?

A. Select Operating Currency as USD and select Processing Currency as Participant's Home Currency.

B. Select Operating Currency as USD and select Processing Currency as Operating Currency.

C. Select Operating Currency as USD and Processing Currency as USD.

D. Select Processing Currency as USD only. Operating Currency is not mandatory.

Discussion 0

Correct Answer: D Vote an answer

Question 4

In a rollup hierarchy, three salespeople report to a manager and the manager reports to a director. The manager is also entitled to receive direct credit from one of the direct credit rules.
How should the rollup (Indirect) credit be allocated to the manager and the director in this scenario?

A. The manager receives rollup credit for direct reports and the director receives rollup credit only for the manager's direct credits.

B. There will be no rollup credits for the manager and the director because a manager cannot be configured to receive both rollup and direct credits.

C. The manager receives rollup credit for all direct reports and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.

D. The manager receives only direct credit (no rollup credit) and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.

E. The manager receives only direct credit (no rollup credit) and the director receives rollup credit only for the manager's direct credit.

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which two statements are true for individualized compensation plan values?

A. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.

B. A participant can personalize the compensation plan view if the Individualize option is selected.

C. Individualized compensation plan values summarize transactions during the Calculation phase.

D. A participant's manager can personalize the compensation plan view if the Individualize option is selected.

E. Individualized rate values for a participant take precedence over original compensation plan rate values.

Discussion 0

Correct Answer: C,E Vote an answer

Question 6

You have been asked to create a report by using internal and external data sources. Identify Oracle's recommended approach for building a custom report.

A. BI Analytics

B. BI Publisher

C. OTBI Reports

D. BI Answers

Discussion 0

Correct Answer: B Vote an answer

Question 7

A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the last quarter 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 calendar year.

A. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.

B. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.

C. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.

D. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'

E. 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.

Discussion 0

Correct Answer: B Vote an answer

Question 8

A performance measure is set up to determine the commission rate by using total sales attainment percentage tot a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should you set up this performance measure?

A. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.

B. Set Process Transaction = Individually and Interval - Quarter, select Running Total, select Accumulate for input expression 'credit transaction amount', and enter targets in the plan component associated with the performance measure.

C. Set Process Transaction = Grouped by Interval and Interval - Quarter, have the input expression 'sum (Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure.

D. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure.

Discussion 0

Correct Answer: B Vote an answer

Oracle Incentive Compensation Cloud 2018 Implementation Essentials - 1Z0-1015 Exam Practice Test

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