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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Administering the Incentive Compensation System- Participant and role management
- Classification and crediting setup
Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans
Transaction Processing and Reporting- Reporting, dashboards, and analytics
- Transaction classification and calculation
Understanding Oracle Incentive Compensation Cloud- Core implementation tasks and functional setup topics
- Exam objectives and exam focus areas

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?

  • A. The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.
  • B. The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.
  • C. The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
  • D. The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Which option will never have access to the full Business Unit?

  • A. the Compensation Analyst
  • B. the Sales Manager and the Participant
  • C. the Compensation Analyst and the Participant
  • D. the Compensation Manager
  • E. the Participant
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

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
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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 B
  • B. Option A
  • C. Option D
  • D. Option C
  • E. Option E
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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