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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) SUM ( Credit.Credit Amount )
B) Measure result.PM1.Output
C) Credit.Credit Amount
D) Measureresult.PM1.PTDOutputAchieved

2. 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.

3. The 'Run Crediting and Rollup'process request completes successfully but no credits are created. Which three configurations must be verified?

A) Participants assigned to a direct credit rule do not have the Manager role.
B) The transaction event date falls between thecredit rule start and end dates.
C) The 'Deploy Credit Rule' process was run after the credit rules were created.
D) The 'Deploy Compensation Plans' process was run after thecredit rules were created.
E) The same participants are not assigned to multiple credit rules in the hierarchy.
F) 'EnableDirect Crediting* is set to 'Yes' on the 'Manage Parameters'page.

4. 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) 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.
B) Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
C) Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
D) Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
E) Add a new row to the Conversion Factor section for the earning type 'Point Rewards'

5. Will the earnings for participants be calculated once their Active End Date has elapsed?

A) Earnings will be calculatedlotparticipants as long as they exist m the fusion Incentive Compensation system.
B) Earnings will be calculated foe participants as long as they remainassigned to a compensation plan.
C) Earnings will not be calculated if their Compensation End date has elapsed.
D) Earnings will not be calculated if their Active End Date has elapsed.

Solutions: