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Oracle 1z0-1062-21 Exam Syllabus Topics:

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

2. 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) TOSHIBA
B) COMPUTERS
C) INTEL
D) LAPTOP

3. 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 istrue to identify the root cause of the error?

A) 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.
B) 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.
C) The administrator must have defined'Point Rewards' as a monetary earning type.
D) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
E) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.

4. Which three statements are true regarding Classification?

A) Rule criteria involve one or more transaction attributes.
B) Classification rules are used to classify transactions into meaningful credit categories.
C) Classification splits the credits among the participant credit receivers.
D) Classification process must be run before the Crediting process.
E) Qualifiers are ANDed and qualifier attribute values are ORed.

5. An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

A) The start date cannot be later than the end date for a period.
B) The period is overlapping with system defined quarterly period.
C) The date range should not overlap with any other period.
D) Please select the period type for each newly-added period row.

Solutions: