1Z0-1062-20 by Oracle Actual Free Exam Questions And Answers

Question 1

Will the earnings for participants be calculated once their Active End Date has elapsed?

A. Earnings will be calculated foe participants as long as they remain assigned to a compensation plan.

B. Earnings will not be calculated if their Compensation End date has elapsed.

C. Earnings will be calculated participants as long as they exist m the fusion Incentive Compensation system.

D. Earnings will not be calculated if their Active End Date has elapsed.

Discussion 0

Correct Answer: C Vote an answer

Question 2

You have to write a custom function that accesses the performance measure output.
You must pass the following parameters to uniquely identify data and do custom calculations.
plan_cooponent_id
formaula_id
Participant_id
Period id
In which table should you configure the required columns?

A. CN SRP_PER_FORM_METRICS_ALL

B. CW_TP_EARNINGS_ALL

C. CM SRP PARTICIPANTS ALL

D. CN TP KEASURE_RESULTS_ALL

Discussion 0

Correct Answer: A Vote an answer

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Question 3

When should you set 'Calculate Incentive = Per Event' while building a plan component?

A. when the incentive Is to be calculated on a per transaction basis

B. when the incentive is to be calculated based on many transactions grouped over an Interval

C. when the incentive is to be calculated upon the event of the user running calculations manually as opposed to the event of automatically scheduled calculations

D. when the incentive is to be calculated pet any kind of event, as long as the user defines the event first

Discussion 0

Correct Answer: D Vote an answer

Question 4

Your client wants to encourage continuous growth from quarter, to quarter to ensure its representatives are pushing themselves and growing the business. As such, your client has created a quarterly SPIF (Sales Promotion Incentive Fund) to reward growth. The client wants to take the current quarter's attainment, and compare it to prior quarters. If growth Is positive, the client will give them an additional $2000. If not, then nothing.
Which expression should you use to meet the requirement?

A. Date Difference

B. Previous Interval Attainment

C. YTD (Year-to date) Target Incentive

D. Rolling Average Attainment

Discussion 0

Correct Answer: A Vote an answer

Question 5

A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

A. Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.

B. Assign the participant to a new role and resource group.

C. Assign the participant to the global business unit and global role,

D. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.

Discussion 0

Correct Answer: A Vote an answer

Question 6

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 administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.

B. The administrator must have defined 'Point Rewards' as a monetary earning type.

C. 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.

D. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.

E. 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.

Discussion 0

Correct Answer: E Vote an answer

Question 7

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

A. Export Compensation Plans to XML

B. Move Calendar, Business Units, List of Values, and Profile Options by using FSM.

C. Export and Import reports by using the archive/unarchive function.

D. Clone custom objects in Application Composer

Discussion 0

Correct Answer: D Vote an answer

Question 8

Which two statements are true when you create an expression?

A. You can use the metrics of both plan components and performance measures in your expression.

B. You can use the metrics of a performance measure but not of a plan component in your expression.

C. You can use the metrics of a plan component but not of a performance measure in your expression.

D. An expression like Credit.Credit__Amount * SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.

E. An expression like Credit.Credit Amount * SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.

Discussion 0

Correct Answer: C,E Vote an answer

Oracle Incentive Compensation Cloud 2020 Implementation Essentials - 1Z0-1062-20 Exam Practice Test

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