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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
|
| Compensation Plans and Rules | - Plan Design
|
| Incentive Calculation and Processing | - Calculation Engine
|
| Setup and Configuration | - Security Configuration
|
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Which statement is true regarding role inheritance?
- A. Abstract roles are inherited by Job roles
- B. Duty roles are inherited by job roles.
- C. Roles are not inherited; they are assigned at their lowest level.
- D. Jobandabstract roles are inherited by duty roles.
Correct Answer: D 🗳️
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
Which asset typo must you select for searching web service in Oracle Enterprise Repository?
- A. Composite Service
- B. ADF service Data Object
- C. ADF Service
- D. Composite
Correct Answer: D 🗳️
Which two statements are true for individualized compensation plan values?
- A. Individualized compensation plan values summarize transactions during the Calculation phase.
- B. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
- C. A participant's manager can personalize the compensation plan view if the Individualize option is selected.
- D. A participant can personalize the compensation plan view if the Individualize option is selected.
- E. Individualized ratevalues for a participant take precedence over original compensation plan rate values.
Correct Answer: A,E 🗳️
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. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
- B. Payment batches can be edited and reprocessed.
- C. Pay sheets can be adjustedaccordingly.
- D. No adjustment can be done for that period.
Correct Answer: C 🗳️
You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Althoughsome of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?
- A. Select Operating Currency as USD and Processing Currency as USD.
- B. Select Processing Currency as USD only. Operating Currency is not mandatory.
- C. Select Operating Currency as USD and select Processing Currency as Operating Currency.
- D. Select Operating Currency as USD andselect Processing Currency as Participant's Home Currency.
Correct Answer: B 🗳️
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