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IT-Tests.com Practice Exams for Incentive Compensation 1z0-1062-21 are written to the highest standards of technical accuracy, using only certified subject matter experts and published authors for development.
Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Understanding Oracle Incentive Compensation Cloud | - Exam objectives and exam focus areas - Core implementation tasks and functional setup topics |
| Administering the Incentive Compensation System | - Classification and crediting setup - Participant and role management |
| Configuring Incentive Compensation Plans | - Creation and management of compensation plans - Performance measures and plan components |
| Transaction Processing and Reporting | - Reporting, dashboards, and analytics - Transaction classification and calculation |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question #1
Performance Measures can be addedto expressions in the expression builder. Which structures are supported?
A. The output of five performance measures can be combined in the formula expression of a plan component.
B. Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
C. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
D. The goalof one performance measure can be used in the formulaexpression of a different performance measure.
E. A and D
F. A, B, and C
Question #2
Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?
A. System Administrator, Business Analyst, DBA, Project Manager
B. Business Analyst, Reporting Specialist, Data Specialist, Project Manager
C. Business Analyst, DBA, Reporting Specialist, Data Specialist
D. System Administrator Business Analyst, Reporting Specialist, Project Manager
Question #3
Which three participant related data can be used in calculation expressions without usinguserdefined functions?
A. Participant Header Descriptive Flexfields
B. Participant Details Descriptive Flexfields
C. Standard Participant Fields such as currency code or cost center
D. Employee Descriptive Flexfields
E. Resource Descriptive Flexfields
Question #4
The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?
A. different General Ledger account structures
B. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
C. different currencies for payment of participants
D. The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
E. Operating currency is different to the currency in which calculations are performed.
Question #5
Which twocurrenciesmustyoudefinewhen creatingcompensation business units?
A. Participant Home
B. Functional
C. Processing
D. Operating
Solutions:
| Question #1 Correct Answer: F | Question #2 Correct Answer: B | Question #3 Correct Answer: A,B,D | Question #4 Correct Answer: B | Question #5 Correct Answer: C,D |







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