2022 1z0-1062-21 dumps review - Professional Quiz Study Materials
1z0-1062-21 Test Prep Training Practice Exam Questions Practice Tests
NEW QUESTION 18
Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.
- A. APPLICATION IMPLEMENTATION CONSUI TANT
- B. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR
- C. COMPENSATION PLAN ADMINISTRATOR
- D. BI_ADMINISTRATOR
- E. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI
Answer: E
NEW QUESTION 19
The status of the ESS (Enterprise Scheduler Service) requestis 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?
- A. Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.
- B. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.Attribute values and a credit receiver are assigned.
- C. Answer B plus-You must assign the correct credit category to the performance measure.
- D. Answer B plus-You must set 'Enable Rollup' to 'Yes1and select 'Rollup in Credit Hierarchy.
- E. Answer B plus-You must run Deploy Credit Rules for the correct date range.
Answer: B
NEW QUESTION 20
In which section of the Home screen dousers receive notifications generated by the Approvals functionality?
- A. Worklist: Notifications and Approvals
- B. Approval Manager
- C. Activity Stream
- D. BPM Worklist
Answer: A
NEW QUESTION 21
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 logical SQL using the Advanced tab
- D. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
Answer: A,B,D
Explanation:
Explanation
Cross-Subject Area Analyses: Explained
You can create analyses that combine data from more than one subject area. This type of query is referred to as a cross-subject area analysis. Cross-subject area analyses can be classified into threebroad categories:
* Using common dimensions
* Using common and local dimensions
* Combining more than one result set from different subject areas using set operators such as union, union all, intersection and difference
NEW QUESTION 22
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 dropdown, 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.
- 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, select 'Yes'for the Minimum Recovery option, and
'Immediate' for the Recovery Start 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.
Answer: D
NEW QUESTION 23
An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?
- A. The start date cannot be later than the end date for a period.
- B. The date range should not overlap with any other period.
- C. The period is overlapping with system defined quarterly period.
- D. Please select the period type for each newly-added period row.
Answer: A
NEW QUESTION 24
A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls 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 25
Of what type of role is Incentive Compensation Analyst an example?
- A. Abstract
- B. Duty
- C. Job
- D. Work Area
Answer: C
Explanation:
Job roles and abstract roles inherit duty roles. For example, the Incentive Compensation Analyst job role inherits the Incentive Compensation Participant Assignments Duty, Incentive Compensation Credits and Earnings Duty, Incentive Compensation Participant Snapshot Management Duty, and the Incentive Compensation Payments Duty. The Compensation Participant Assignments Duty makes it possible for the analyst to assign plans, roles, pay groups, and payment plans to the participant.The Incentive Compensation Payments Duty enables payment batch assembly and paysheet management.
NEW QUESTION 26
You want to enable Plan Component ID, Period ID, and Participant IDforuse as parameters in a User-Defined Function. Which table should these be drawn from?
- A. CN_SRP_PARTICIPANTS_ALL
- B. CN_SRP_SUBLEDGER_ALL
- C. CN_SRP_PER_FORM_METRICS_ALL
- D. CN_TP_TRANSACTIONS_ALL
- E. CN_SRP_PIAN_C0HPONENTS_ALL
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel10/salescs_gs/FACMI/FACMI1417756.htm#FACMI1400328
NEW QUESTION 27
Which option will never have access to the full Business Unit?
- A. the Compensation Analyst and the Participant
- B. the Sales Manager and the Participant
- C. the Compensation Manager
- D. the Participant
- E. the Compensation Analyst
Answer: D
NEW QUESTION 28
Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?
- A. Set up the P2T tasks in Functional Setup Manager.
- B. Enter a Service Request with My Oracle Support.
- C. Upgrade Production to the next release.
- D. Align your patch levelbetween Production and Test environments.
- E. Import the Compensation Plans.
Answer: A,D
NEW QUESTION 29
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.
- A. Report to work area mapping isdefined for each period.
- B. 'Display period data in participant reports' is selected.
- C. Start and end dates for the fiscal months are valid.
- D. Status is set to 'Active' for all of the required months.
Answer: C
NEW QUESTION 30
Which two statements are true about disputes?
- A. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
- B. Participants can view the disputes they have created in their worklist
- C. Disputes are assigned to the analyst who is associated with the participant creating the dispute.
- D. Compensation Managers can reassign disputes todifferent analysts.
Answer: C
NEW QUESTION 31
A performance measure is set up to determine the commission rate by using total sales attainment percentage tota quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should youset 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 theperformance measure.
- B. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.
- C. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure.
- D. Set Process Transaction =Grouped by Interval and Interval - Quarter, have the input expression 'sum (Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure.
Answer: A
NEW QUESTION 32
Which two statements are true when you create an expression?
- A. You can use the metrics of both plan components andperformance measures in your expression.
- B. You can use the metrics of a performance measure but not of a plan component in your expression.
- C. Anexpression like Credit.Credit__Amount*SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
- D. An expression like Credit.Credit Amount* SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
- E. You can use the metrics of a plan component but not of a performance measure in your expression.
Answer: D,E
NEW QUESTION 33
Youwant to move configuration from Development Instance to Production Instance. Which three entities can be moved by using out of the box XML download and upload functionality?
- A. Classification Rules
- B. PayGroups
- C. Credit Rules
- D. BU Parameter
- E. PaymentPlans
- F. Credit Categories
- G. Analyst
- H. Participant
- I. Compensation Plan
Answer: C,H,I
NEW QUESTION 34
Performance Measures can be addedto expressions in the expression builder. Which structures are supported?
- A. A and D
- B. The output of five performance measures can be combined in the formula expression of a plan component.
- C. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
- D. A, B, and C
- E. Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.
- F. The goalof one performance measure can be used in the formulaexpression of a different performance measure.
Answer: D
NEW QUESTION 35
In a rollup hierarchy, three salespeople report to a manager and the manager reports to a director. The manager is also entitled to receive direct credit from one of the direct credit rules.
How should the rollup (Indirect) credit be allocated to the manager and the director in this scenario?
- A. The manager receives only direct credit (no rollup credit) and the director receives rollup credit only for the manager's direct credit.
- B. The manager receives rollup credit for direct reports and the director receives rollup credit only for the manager's direct credits.
- C. The manager receives only direct credit (no rollup credit) and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.
- D. The manager receives rollup credit for all direct reports and the director receives rollup credit for all salespeople under the manager, as well as for the manager's direct credits.
- E. There willbe no rollup credits for the manager and the director because a manager cannot be configured to receive both rollup and direct credits.
Answer: D
NEW QUESTION 36
An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?
- A. The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.
- B. The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.
- C. The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
- D. The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
Answer: D
NEW QUESTION 37
A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?
- A. Option B
- B. Option D
- C. Option A
- D. Option E
- E. Option C
Answer: D,E
NEW QUESTION 38
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 istrue to identify the root cause of the error?
- A. 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.
- B. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
- C. The administrator must have defined'Point Rewards' as a monetary earning type.
- D. 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.
- E. The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
Answer: D
NEW QUESTION 39
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