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Oracle 1z0-1062-21 Exam Syllabus Topics:

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

2. 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 'No' for the Minimum Recovery option.
B) 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.
C) 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.
D) 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.

3. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

A) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
B) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
C) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
D) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.

4. Which statement is true regarding role inheritance?

A) Jobandabstract roles are inherited by duty roles.
B) Abstract roles are inherited by Job roles
C) Duty roles are inherited by job roles.
D) Roles are not inherited; they are assigned at their lowest level.

5. Performance Measures can be addedto expressions in the expression builder. Which structures are supported?

A) The goalof one performance measure can be used in the formulaexpression of a different performance measure.
B) A, B, and C
C) Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
D) A and D
E) Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
F) The output of five performance measures can be combined in the formula expression of a plan component.

Solutions: