Incentive Compensation 1Z0-1062-20 Real Exam Questions and Answers FREE Updated on Jan 02, 2022
1Z0-1062-20 Ultimate Study Guide - DumpsMaterials
Oracle 1Z0-1062-20 Exam Syllabus Topics:
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NEW QUESTION 13
An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement is true to identify the root cause of the error?
- A. The administrator must have defined 'Point Rewards' as a monetary earning type.
- B. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
- C. The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
- D. The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'. - E. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
Answer: E
NEW QUESTION 14
A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current date falls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.
- A. Create and pay another payment batch for period 5.
- B. Create and pay another payment batch for period 7.
- C. Create and pay another payment batch for period 4.
- D. Create and pay another payment batch for period 6.
- E. Create and pay a payment batch for period 8.
Answer: C,E
NEW QUESTION 15
A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combining reports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.
- A. This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
- B. This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
- C. This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.
- D. This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.
- E. This technique allows you to Join multiple logical SQL statements by using Equi Joins.
Answer: E
NEW QUESTION 16
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 A
- C. Option C
- D. Option E
- E. Option D
Answer: A,E
NEW QUESTION 17
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" 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.
- B. 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.
- 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 the 'Yes' for the Minimum Recovery option and 'Immediate' for the Recovery Start option.
- D. 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.
Answer: B
NEW QUESTION 18
The incentive compensation application set the payment batch status to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
- A. Pay sheets can be adjusted accordingly.
- B. Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
- C. No adjustment can be done for that period.
- D. Payment batches can be edited and reprocessed.
Answer: A
NEW QUESTION 19
Performance Measures can be added to expressions in the expression builder. Which structures are supported?
- A. A and D
- B. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
- C. A, B, and C
- D. The goal of one performance measure can be used in the formula expression of a different performance measure.
- E. Output of performance measure on one plan component can be used as Input 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.
Answer: C
NEW QUESTION 20
Which three participant related data can be used in calculation expressions without using user defined functions?
- A. Employee Descriptive Flexfields
- B. Standard Participant Fields such as currency code or cost center
- C. Participant Details Descriptive Flexfields
- D. Resource Descriptive Flexfields
- E. Participant Header Descriptive Flexfields
Answer: A,C,E
NEW QUESTION 21
A performance measure is to be set up to determine the commission rate using total sales attainment percentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?
- A. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure.
- B. Set Process Transaction = Grouped By Interval and Interval = Quarter, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure. - C. Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly in the performance measure. - D. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
Answer: B
NEW QUESTION 22
Your customer needs a few extra fields to be displayed in management reports. These Holds are being captured In Descriptive Flex-fields. At what stage should you enable Descriptive Flex-field for BI Reporting?
- A. while creating subject areas for Incentive Compensation Reporting
- B. while deploying the flexfield by selecting the Enable for Reporting check box
- C. while executing the program to enable Descriptive Flex-field for BI Reporting
- D. while defining the segments by selecting the Enable for Reporting check box
Answer: D
NEW QUESTION 23
In which section of the Home screen do users receive notifications generated by the Approvals functionality?
- A. Approval Manager
- B. Activity Stream
- C. BPM Worklist
- D. Worklist: Notifications and Approvals
Answer: D
NEW QUESTION 24
Which two currencies must you define when creating compensation business units?
- A. Operating
- B. Participant Home
- C. Processing
- D. Functional
Answer: A,C
Explanation:
Explanation
https://docs.oracle.com/cd/E60665_01/salescs_gs/OAWIC/OAWIC1069924.htm
NEW QUESTION 25
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 a calendar; only one calendar can be selected.
- B. Go to the Manage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
- C. Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
- D. Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
Answer: C
NEW QUESTION 26
Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.
How can this be accomplished?
- A. Copy the Participant role and add Analyst Duty Roles.
- B. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
- C. Create a new role and add read privileges.
- D. Create a new role template.
Answer: C
NEW QUESTION 27
The 'Run Crediting and Rollup' process request completes successfully but no credits are created. Which three configurations must be verified?
- A. Participants assigned to a direct credit rule do not have the Manager role.
- B. 'Enable Direct Crediting* is set to 'Yes' on the 'Manage Parameters' page.
- C. The same participants are not assigned to multiple credit rules in the hierarchy.
- D. The 'Deploy Credit Rule' process was run after the credit rules were created.
- E. The 'Deploy Compensation Plans' process was run after the credit rules were created.
- F. The transaction event date falls between the credit rule start and end dates.
Answer: A,C,E
NEW QUESTION 28
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. Assign the participant to the global business unit and global role,
- B. 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.
- C. Assign the participant to a new role and resource group.
- D. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.
Answer: B
NEW QUESTION 29
Which two statements are true regarding the Complete Calculation process?
- A. can be time-consuming on very large volume transactions
- B. meant for minor changes that affect few participants
- C. limited to only a particular sales hierarchy
- D. recalculates all transactions for a given period
Answer: A,D
NEW QUESTION 30
You have a plan component, PCI, whoso output is dependent on plan component, PC2. Which two statements are true about achieving the stated objective?
- A. PCI must have Calculation sequence greater than that of PC2.
- B. PCI must have Calculation Phase as ,Phase2' and PC2 must have calculation phase as 'Phase 1'.
- C. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
- D. PCI must have Calculation sequence less than that of PC2.
Answer: B
NEW QUESTION 31
Which two methods are valid when assigning a pay group to a participant?
- A. Assign the pay group directly to the participant.
- B. Assign the role to the pay group and allow the participant to inherit the pay group.
- C. Assign the pay group to the credit category and allow the participant to inherit the pay group.
- D. If there is only one pay group, all participants are automatically assigned to the pay group.
- E. Assign the pay group to the compensation plan and allow the participant to inherit the pay group.
Answer: B,E
NEW QUESTION 32
The estimated Compensation module_________
- A. both B and C
- B. updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
- C. works in runtime mode and can be invoked via a web service from third-party applications
- D. both B and D
- E. uses Opportunities in Sales Cloud to calculate what earnings would be if they became orders
- F. allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
Answer: E
NEW QUESTION 33
By using which method can a new participant be created In the Incentive Compensation application?
- A. using the Create Participant Web Service
- B. using the Import Participant process
- C. manually in the UI
- D. using the Create Participant task in Setup and Maintenance
Answer: D
NEW QUESTION 34
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