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Oracle 1z0-1062-21 Q&A - in .pdf
- Exam Code: 1z0-1062-21
- Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
- Updated: Oct 06, 2026
- Q & A: 76 Questions and Answers
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Oracle 1z0-1062-21 Q&A - Testing Engine
- Exam Code: 1z0-1062-21
- Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
- Updated: Oct 06, 2026
- Q & A: 76 Questions and Answers
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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Administering the Incentive Compensation System | - Participant and role management - Classification and crediting setup |
| Topic 2: Transaction Processing and Reporting | - Reporting, dashboards, and analytics - Transaction classification and calculation |
| Topic 3: Understanding Oracle Incentive Compensation Cloud | - Core implementation tasks and functional setup topics - Exam objectives and exam focus areas |
| Topic 4: Configuring Incentive Compensation Plans | - Creation and management of compensation plans - Performance measures and plan components |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question #1
A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.
- A. Create and pay another payment batch for period 4.
- B. Create and pay another payment batch for period 5.
- C. Create and pay another payment batch for period 7.
- D. Create and pay a payment batch for period 8.
- E. Create and pay another payment batch for period 6.
Correct Answer: A,D 🗳️
Question #2
Which are the three broad categories, based on which cross subject area reporting can be built?
- A. using common and local dimensions
- B. using common dimensions
- C. combining logical SQL using the Advanced tab
- D. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
Correct Answer: A,B,D 🗳️
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Question #3
A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the lastquarter of a fiscal year identify the three steps that the incentive compensation application administrator must take to set up this requirement before associating the reward with a plan component. In this case, the fiscal year corresponds to the calendaryear.
- A. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
- B. Select the earning type to 'Monetary Earnings', define a conversion factor = 1, and define Start Date =
01-Oct and End Date - 31 Dec for the fiscal year. - C. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
- D. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
- E. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
Correct Answer: E 🗳️
Question #4
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-> Classification -> Crediting > Roll Up -> Calculation ->Payment
- B. Collection -> Crediting -> Roll Up-> Classification -> 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
Correct Answer: E 🗳️
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Question #5
Your client wants to encourage continuous growth from quarter, toquarterto 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. Previous Interval Attainment
- B. Date Difference
- C. Rolling Average Attainment
- D. YTD (Year-to date) Target Incentive
Correct Answer: B 🗳️
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