1Z0-1062-20 by Oracle Valid Free Exam Practice Test

Question 1

Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

A. FIC_TRANSACTION_DFF B. CM_TP_TRANSACTIOM_DFP C. CN_TP_BASETRAHS_DFF D. XC BASE_TRANS_DFF

Correct Answer: B

Question 2

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.

Correct Answer: B

Question 3

A customer 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 rollup hierarchy rule and assign the participant as a credit receiver. B. Create a direct credit rule, assign this participant as a credit receiver, and set 'State' as a Qualifier. C. Create a team credit rule for this state and assign the participant as a credit receive D. Create a direct credit rule, assign all participants reporting to this participant as credit receivers, and set
'State' as qualifier

Correct Answer: D

Question 4

A team rollup rule has five credit receivers with each team member reporting to a different sales manager in the rollup hierarchy. How will managerial rollup be allocated in this scenario?

A. The managers assigned to the manager rollup hierarchy rule with the highest rank will receive rollup credit. B. The managers assigned to the manager rollup hierarchy rule with the lowest rank will receive rollup credit. C. All team member managers will receive the managerial rollup credit. D. No manager will receive rollup credit because rollup credit works only when all of the team members report to same manager. E. Only the direct credit receiver's manager will receive the managerial rollup credit.

Correct Answer: B

Question 5

Your client wants to encourage continuous growth from quarter, to quarter to ensure its representatives are pushing themselves and growing the business. As such, your client has created a quarterly SPIF (Sales Promotion Incentive Fund) to reward growth. The client wants to take the current quarter's attainment, and compare it to prior quarters. If growth Is positive, the client will give them an additional $2000. If not, then nothing.
Which expression should you use to meet the requirement?

A. YTD (Year-to date) Target Incentive B. Date Difference C. Previous Interval Attainment D. Rolling Average Attainment

Correct Answer: B

Question 6

Which two statements are true about disputes?

A. Compensation Managers can reassign disputes to different analysts. 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. 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.

Correct Answer: C

Question 7

You want to enable Plan Component ID, Period ID, and Participant ID for use as parameters in a User-Defined Function. Which table should these be drawn from?

A. CN_SRP_PARTICIPANTS_ALL B. CN_SRP_PER_FORM_METRICS_ALL C. CN_SRP_SUBLEDGER_ALL D. CN_SRP_PIAN_C0HPONENTS_ALL E. CN_TP_TRANSACTIONS_ALL

Correct Answer: E

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Question 8

You want to create compensation plans for a new business unit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A. You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components and performance measures manually. B. You can only manually create them in the new business unit, as you cannot Import plans exported from another business unit. C. You can use db tools to copy the compensation plans from one business unit to another. D. You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.

Correct Answer: A

Oracle Incentive Compensation Cloud 2020 Implementation Essentials - 1Z0-1062-20 Exam Practice Test