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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which twocurrenciesmustyoudefinewhen creatingcompensation business units?

A) Functional
B) Processing
C) Operating
D) Participant Home

2. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?

A) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
B) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
C) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
D) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
E) The administrator must have defined'Point Rewards' as a monetary earning type.

3. You must create a request set for simplifying the Incentive Compensation processes for your end customer.
You asked Oracle Support to put the programs in the following sequence:
1. Revert Transaction
2. Run Crediting and Rollup
3. Run Classify Credits
4. Calculate
Whicharethe correct values of the corresponding BU parameters?

A) Rollup using Rollup Hierarchy, Classify after crediting
B) Rollup Using= Both, Classify after crediting
C) Rollup using Credit Hierarchy, Classifyaftercrediting
D) Rollup using Credit Hierarchy, Classify before crediting

4. You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A) You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
B) You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components andperformance measures manually.
C) You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.
D) You can use db tools to copy the compensation plans from one business unit to another.

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) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
B) Payment batches can be edited and reprocessed.
C) No adjustment can be done for that period.
D) Pay sheets can be adjustedaccordingly.

Solutions: