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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Compensation Plans and Components | 25% | - Earnings and Calculation Logic - Performance Measures and Formulas - Plan Design and Creation - Rate Tables and Tiers |
| Topic 2: Core Setup and Configuration | 25% | - Enterprise Structure and Reference Data - Profile Options and Parameters - Calendars, Periods, and Currencies |
| Topic 3: Participants, Payments, and Reporting | 15% | - Maintenance and Troubleshooting - Analytics, Dashboards, and Reports - Participant Setup and Hierarchies - Paysheets and Payment Administration |
| Topic 4: Classification and Crediting | 20% | - Crediting Hierarchies and Rules - Transaction Classification Rules - Processing Transactions |
| Topic 5: Overview of Incentive Compensation Cloud | 15% | - Security and Access Control - Implementation Methodology - Key Concepts and Architecture |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question 1
Your client is tuning four performance measures with the same output expression 'SUM (Credit.Credit Amount)' and no scorecard. The following transactions were processed through the performance measure.
On examining closely, you found that though performance measure has the same output expression, the output (refer below) for the performance measure is not equal.
Which performance measure attribute is responsible for this variation?
A. Unit of Measure
B. Distribute By
C. Performance Interval
D. Process Transactions
Question 2
Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?
A. Incentive Compensation Participant Import
B. Incentive Compensation Compensation Plan Import
C. Incentive Compensation Participant Goal Import
D. Incentive Compensation Transaction Import
E. Incentive Compensation Credit Category Import
F. Incentive Compensation Participant Detail Import
G. Incentive Compensation Classification Rule Import
Question 3
Acustomer wants to credit one of its sales managers to receive direct credit for each sale in a particular state How can you accomplish this?
A. Create a team credit rule for this state and assign the participant as a credit receive
B. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier
C. Create a rollup hierarchy rule and assign the participant as a credit receiver.
D. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier.
Question 4
Which statement is true about classification rules and credit categories?
A. You can associatemultiple credit categories to a classification rule.
B. You can associate classification rule to credit category via performance measure.
C. You can associate only one credit category to a classification rule.
D. You can define the split credit percentage at classification rule UI.
Question 5
In which section of the Home screen dousers receive notifications generated by the Approvals functionality?
A. Worklist: Notifications and Approvals
B. Approval Manager
C. BPM Worklist
D. Activity Stream
Solutions:
| Question 1 Answer: A | Question 2 Answer: A,D,E | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: A |







