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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Incentive Compensation Cloud Overview | - Core Concepts of Incentive Compensation
|
| Reporting and Administration | - Reports and Analytics
|
| Setup and Configuration | - Application Setup
|
| Incentive Calculation and Processing | - Calculation Engine
|
| Compensation Plans and Rules | - Credit and Allocation Rules
|
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Which three are reports you can customize few Mobile Commissions?
- A. Disputes: Details of the recent disputes raised by the sales participant
- B. Analytics: Details of the recent analysis of the sales participant
- C. Reimbursements:Reimbursements and related details of the sale*, ii.ntic ip.int
- D. Credits: Credits and related details of the sales participant
- E. Payments: Payment transactions and related details of the sales participant
Correct Answer: A,D,E 🗳️
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A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.
How should you configure the payment plan?
- A. Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the 'Yes' for the Minimum Recovery option and 'Immediate' for the Recovery Start option.
- B. Associate the 'Commission' payment group category to "Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select 'Yes' for the Carry forward Maximum drop down, select 'Yes'for the Minimum Recovery option, and
'Immediate' for the Recovery Start option. - C. Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option.
- D. Associate the "Commission" payment group category to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category dropdown, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select "Yes" for the Carry Forward Maximum drop down, and select 'No' for the Minimum Recovery option.
Correct Answer: C 🗳️
Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.
- A. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR
- B. COMPENSATION PLAN ADMINISTRATOR
- C. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI
- D. APPLICATION IMPLEMENTATION CONSUI TANT
- E. BI_ADMINISTRATOR
Correct Answer: C 🗳️
You have a plan component, PCI, whoso output is dependent onplan component, PC2. Which two statements are true about achieving the stated objective?
- A. PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as 'Phase 1'.
- B. PCI must have Calculation sequence less than that of PC2.
- C. PCI must have Calculation sequence greater than that of PC2.
- D. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
Correct Answer: A 🗳️
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. LAPTOP
- C. INTEL
- D. COMPUTERS
Correct Answer: A 🗳️
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