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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which statement is true regarding role inheritance?

A) Duty roles are inherited by job roles.
B) Abstract roles are inherited by Job roles
C) Roles are not inherited; they are assigned at their lowest level.
D) Jobandabstract roles are inherited by duty roles.

2. Which method enables an Incentive Compensation application administrate, to bypass payment approval?

A) Payment approval cannot be bypassed.
B) Set Paysheet Approval Status to 'Approved-in the Manage Parameters task.
C) Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.
D) Set up an empty payment administration hierarchy.

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 to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
B) Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
C) Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
D) Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
E) 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.

4. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

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

5. A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:

Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?

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

Solutions: