1Z0-1062-20 by Oracle Actual Free Exam Q&As

Question 1

A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ' and margin is between 0 and 10 percent, the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A. Option E B. Option D C. Option A D. Option B E. Option C

Discussion 0

Correct Answer: A,E Vote an answer

Question 2

A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.
How should you configure the payment plan?

A. Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the 'Yes' for the Minimum Recovery option and 'Immediate' for the Recovery Start option. B. Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option. C. Associate the "Commission" payment group category to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select "Yes" for the Carry Forward Maximum drop down, and select 'No' for the Minimum Recovery option. D. Associate the 'Commission' payment group category to "Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select 'Yes' for the Carry forward Maximum drop down, select 'Yes' for the Minimum Recovery option, and
'Immediate' for the Recovery Start option.

Discussion 0

Correct Answer: B Vote an answer

Question 3

Your customer needs a few extra fields to be displayed in management reports. These Holds are being captured In Descriptive Flex-fields. At what stage should you enable Descriptive Flex-field for BI Reporting?

A. while defining the segments by selecting the Enable for Reporting check box B. while deploying the flexfield by selecting the Enable for Reporting check box C. while creating subject areas for Incentive Compensation Reporting D. while executing the program to enable Descriptive Flex-field for BI Reporting

Discussion 0

Correct Answer: A Vote an answer

Question 4

Which two currencies must you define when creating compensation business units?

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

Discussion 0

Correct Answer: B,C Vote an answer

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Question 5

Your client is tuning four performance measures with the same output expression 'SUM (Credit.Credit Amount)' and no scorecard. The following transactions were processed through the performance measure.

On examining closely, you found that though performance measure has the same output expression, the output (refer below) for the performance measure is not equal.

Which performance measure attribute is responsible for this variation?

A. Distribute By B. Process Transactions C. Performance Interval D. Unit of Measure

Discussion 0

Correct Answer: D Vote an answer

Question 6

Your customer is eager to see quick benefits with the new cloud software they bought. Which approach can you recommend?

A. Configure in Production instance from the start of the project. B. Import data that fits out of the box and enable reporting. C. Start small and add functionality incrementally. D. Conduct thorough requirement sessions to determine priorities.

Discussion 0

Correct Answer: C Vote an answer

Question 7

Which two statements are true when you create an expression?

A. You can use the metrics of a performance measure but not of a plan component in your expression. B. You can use the metrics of a plan component but not of a performance measure in your expression. C. An expression like Credit.Credit Amount * SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression. D. An expression like Credit.Credit__Amount * SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression. E. You can use the metrics of both plan components and performance measures in your expression.

Discussion 0

Correct Answer: B,C Vote an answer

Question 8

In which section of the Home screen do users receive notifications generated by the Approvals functionality?

A. BPM Worklist B. Activity Stream C. Approval Manager D. Worklist: Notifications and Approvals

Discussion 0

Correct Answer: D Vote an answer

Oracle Incentive Compensation Cloud 2020 Implementation Essentials - 1Z0-1062-20 Exam Practice Test