1z1-971 by Oracle Valid Free Exam Practice Test

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. Assign the participant to the global business unit and global role, B. Create a new HR employee record for this participant as transfer across business unit is not supported by the application. C. Assign the participant to a new role and resource group. D. 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.

Correct Answer: D

Question 2

You are required to create a compensation plan where commission is paid 6% of transaction amount for credit category 'Laptop'. Also reporting requirement dictates you to capture each older number along with earned amount at the order level. You are also expected to reuse already created expressions to maximize re usability.
Which expression will you not be able to use in the plan component - Incentive formula?

A. Credit.Credit Amount B. Measure result.PM1.PTD Output Achieved C. Measure result.PM1.Output D. SUM ( Credit.Credit Amount )

Correct Answer: A

Question 3

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 associated the participants with the plan components where earning type is 'Point Rewards'. C. 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. D. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings. E. 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.

Correct Answer: C

Question 4

Which two methods are valid when assigning a pay group to a participant?

A. Assign the pay group to the credit category and allow the participant to inherit the pay group. B. Assign the pay group to the compensation plan and allow the participant to inherit the pay group. C. Assign the pay group directly to the participant. D. If there is only one pay group, all participants are automatically assigned to the pay group. E. Assign the role to the pay group and allow the participant to inherit the pay group.

Correct Answer: B,E

Question 5

A company has its classification rules, which are at the same level in the hierarchy, set up as:

Which option shows the credit category or categories that will be assigned to this transaction during the Classification process?

A. TOSHIBA B. COMPUTERS C. LAPTOP D. INTEL

Correct Answer: A

Question 6

A classification rules hierarchy is set up as:

The performance measure 'Storage attainment' is associated with category STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE.
If the transaction is:

What will the application do when the Classification and Calculation processes are run?

A. associate the credit category HARD DRIVE with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment') B. associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure 'Storage attainment' C. associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment' D. associate both credit categories (STORAGE and HARD DRIVE) with Km- transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment' E. associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*

Correct Answer: E

Question 7

By using which method can a new participant be created In the Incentive Compensation application?

A. using the Import Participant process B. using the Create Participant Web Service C. manually in the UI D. using the Create Participant task in Setup and Maintenance

Correct Answer: D

Question 8

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 is defined 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.

Correct Answer: C

Oracle Incentive Compensation Cloud 2017 Implementation Essentials - 1z1-971 Exam Practice Test