1z0-1062-21 by Oracle Actual Free Exam Questions And Answers

Question 1

Which three statements are true regarding Classification?

A. Classification rules are used to classify transactions into meaningful credit categories.

B. Qualifiers are ANDed and qualifier attribute values are ORed.

C. Classification process must be run before the Crediting process.

D. Rule criteria involve one or more transaction attributes.

E. Classification splits the credits among the participant credit receivers.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 2

Which statement is true for theparticipant home currency?

A. A participant's home currency must be the same for all participants in the organization.

B. A participant's home currency must be the same as the operating currency.

C. A participant can be compensated for an invoice booked in a currency different from the participant's home currency.

D. A participant can be compensated for an invoice booked only in the participant's home currency.

Discussion 0

Correct Answer: D Vote an answer

Question 3

You have to write a custom function that accesses the performancemeasure 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 4

Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction.
Identify the two options this is based on.

A. all the participants associated with that customer

B. Rollup hierarchy effective for that date

C. Rollup date

D. all the participants in the compensation group

E. all the participants in theorganization

Discussion 0

Correct Answer: B,C Vote an answer

Explanation: Only visible for Fast2test members. You can sign-up / login (it's free).

Question 5

A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:

Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?

A. INTEL

B. LAPTOP

C. COMPUTERS

D. TOSHIBA

Discussion 0

Correct Answer: D Vote an answer

Question 6

Which two statements are true about disputes?

A. Compensation Managers can reassign disputes todifferent analysts.

B. Participants can view the disputes they have created in their worklist

C. Disputes are assigned to the analyst who is associated with the participant creating the dispute.

D. 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.

Discussion 0

Correct Answer: C Vote an answer

Question 7

Which two methods are valid when assigning a pay group to a participant?

A. Assign the pay group directly to the participant.

B. Assign the role to the pay group and allow the participant to inherit the pay group.

C. If there is only one paygroup, all participants are automatically assigned to the pay group.

D. Assign the pay group tothe credit category and allow the participant to inherit the pay group.

E. Assign the pay group to the compensation plan and allow the participant to inherit the pay group.

Discussion 0

Correct Answer: B,E Vote an answer

Question 8

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

A. Set up an empty payment administration hierarchy.

B. Payment approval cannot be bypassed.

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

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

Discussion 0

Correct Answer: D Vote an answer

Oracle Incentive Compensation Cloud 2021 Implementation Essentials - 1z0-1062-21 Exam Practice Test

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