Oracle 1z0-1062-21 Questions & Answers - in .pdf
- Vendor: Oracle
- Exam Code: 1z0-1062-21
- Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. 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 -> Crediting > Roll Up -> Calculation ->Payment
C) Collection -> Crediting > Classification -> Roll Up-> Calculation -> Payment
D) Collection -> Classification -> Crediting -> Calculation ->Roll Up-> Payment
E) Collection -> Classification-> Roll Up -> Crediting-> Calculation > Payment
2. Which descriptive flexfield should you use to update Incentive Compensation Transaction details?
A) XC BASE_TRANS_DFF
B) FIC_TRANSACTION_DFF
C) CN_TP_BASETRAHS_DFF
D) CM_TP_TRANSACTIOM_DFP
3. By using which method can a new participant be created In the Incentive Compensation application?
A) using the Import Participant process
B) manually in the UI
C) using the Create Participant Web Service
D) using the Create Participant task in Setupand Maintenance
4. An expression is to be set up so that if the transaction amount is greater than 1000, the expression should return the string'MORE'; ifthetransaction amount is less than 1000, it should returnthestring 'LESS'; and if the transaction amount is equal to 1000, It should return thestring'EQUAL'.
Which three options can be used to set this expression up to accurately give the desired output?
A) OptionA
B) Option E
C) Option D
D) Option C
E) Option B
5. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?
A) Payment batches can be edited and reprocessed.
B) No adjustment can be done for that period.
C) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
D) Pay sheets can be adjustedaccordingly.
Solutions:
| Question # 1 Answer: E | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C,E | Question # 5 Answer: D |
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