Oracle Incentive Compensation Cloud 2020 Implementation Essentials - 1Z0-1062-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

A. Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup. B. Assign the participant to the global business unit and global role, C. Create a new HR employee record for this participant as transfer across business unit is not supported by the application. D. Assign the participant to a new role and resource group.

Discussion 0

Correct Answer: A Vote an answer

Question 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 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" 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, and select 'No' for the Minimum Recovery 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 'No' for the Minimum Recovery option.

Discussion 0

Correct Answer: D Vote an answer

Question 3

An expression is to be set up so that if the transaction amount is greater than 1000, the expression should return the string 'MORE'; if the transaction amount is less than 1000, it should return the string 'LESS'; and if the transaction amount is equal to 1000, It should return the string 'EQUAL'.
Which three options can be used to set this expression up to accurately give the desired output?

A. Option B B. Option E C. Option A D. Option C E. Option D

Discussion 0

Correct Answer: A,E Vote an answer

Question 4

Which method enables an Incentive Compensation application administrate, to bypass payment approval?

A. Set up an empty payment administration hierarchy. B. Set Paysheet Approval Status to 'Approved- in the Manage Parameters task. C. Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task. D. Payment approval cannot be bypassed.

Discussion 0

Correct Answer: B Vote an answer

Question 5

Which statement is true for the participant home currency?

A. A participant's home currency must be the same as the operating currency. B. A participant's home currency must be the same for all participants in the organization. C. A participant can be compensated for an invoice booked in a currency different from the participant's home currency. D. A participant can be compensated for an invoice booked only in the participant's home currency.

Discussion 0

Correct Answer: D Vote an answer

Question 6

Which are the three broad categories, based on which cross subject area reporting can be built?

A. using common dimensions B. using common and local dimensions C. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference D. combining logical SQL using the Advanced tab

Discussion 0

Correct Answer: A,B,C Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 7

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

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

Discussion 0

Correct Answer: D Vote an answer

Question 8

A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the last quarter of a fiscal year identify the three steps that the incentive compensation application administrator must take to set up this requirement before associating the reward with a plan component. In this case, the fiscal year corresponds to the calendar year.

A. Select the earning type to 'Monetary Earnings', define a conversion factor = 1, and define Start Date =
01-Oct and End Date - 31 Dec for the fiscal year. B. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year. C. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year. D. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'. E. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'

Discussion 0

Correct Answer: D Vote an answer