1Z1-1015 by Oracle Valid Free Exam Practice Test

Question 1

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 Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars. D. Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.

Correct Answer: D

Question 2

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 3

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. Process Transactions C. Distribute By D. Performance Interval

Correct Answer: A

Question 4

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 5

Which two statements are true when you create an expression?

A. You can use the metrics of a plan component but not of a performance measure in your expression. B. 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. C. An expression 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. You can use the metrics of both plan components and performance measures in your expression. E. You can use the metrics of a performance measure but not of a plan component in your expression.

Correct Answer: A,B

Question 6

Your customer is eager to see quick benefits with the new cloud software they bought. Which approach can you recommend?

A. Start small and add functionality incrementally. B. Conduct thorough requirement sessions to determine priorities. C. Configure in Production instance from the start of the project. D. Import data that fits out of the box and enable reporting.

Correct Answer: A

Question 7

You must migrate data for around 500 participants along with attributes, historical Participant Goals, historical transactions. Compensation Plans, classification rules, and credit categories in a new Incentive Compensation implementation. The client is ready to provide data in a file format that is provided by you.
Which three templates can you use out of box for data migration?

A. Incentive Compensation Participant Detail Import B. Incentive Compensation Credit Category Import C. Incentive Compensation Transaction Import D. Incentive Compensation Compensation Plan Import E. Incentive Compensation Classification Rule Import F. Incentive Compensation Participant Import G. Incentive Compensation Participant Goal Import

Correct Answer: B,C,F

Question 8

The status of the ESS (Enterprise Scheduler Service) request is '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 B plus-You must assign the correct credit category to the performance measure. B. 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. C. Answer B plus-You must run Deploy Credit Rules for the correct date range. D. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.
Attribute values and a credit receiver are assigned. E. Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.

Correct Answer: D

Oracle Incentive Compensation Cloud 2018 Implementation Essentials - 1Z1-1015 Exam Practice Test