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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuring Incentive Compensation Plans- Creation and management of compensation plans
- Performance measures and plan components
Topic 2: Administering the Incentive Compensation System- Participant and role management
- Classification and crediting setup
Topic 3: Understanding Oracle Incentive Compensation Cloud- Exam objectives and exam focus areas
- Core implementation tasks and functional setup topics
Topic 4: Transaction Processing and Reporting- Reporting, dashboards, and analytics
- Transaction classification and calculation

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which asset typo must you select for searching web service in Oracle Enterprise Repository?

A) Composite
B) ADF service Data Object
C) Composite Service
D) ADF Service


2. In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?

A) Collection -> Crediting -> Roll Up-> Classification -> Calculation ->Payment
B) Collection -> Classification-> Roll Up -> Crediting-> Calculation > Payment
C) Collection-> Classification -> Crediting > Roll Up -> Calculation ->Payment
D) Collection -> Classification -> Crediting -> Calculation ->Roll Up-> Payment
E) Collection -> Crediting > Classification -> Roll Up-> Calculation -> Payment


3. 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 earnedamount 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) Measureresult.PM1.PTDOutputAchieved
C) Measure result.PM1.Output
D) SUM ( Credit.Credit Amount )


4. Which format must the date column value have In File Based Data Import?

A) YYYY/MM/DD
B) MM/DD/YYYY
C) DD/MM/YYYY
D) Date format is configurable


5. The estimated Compensation module_________

A) both B and C
B) uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders
C) both B and D
D) allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
E) works in runtime mode and can be invoked via a web service from third-party applications
F) updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation


Solutions:

Question # 1
Answer: A
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: B

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