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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer is eager to see quickbenefitswith the new cloud softwaretheybought. Which approach can you recommend?

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

2. A client wants to associate both monthly and quarterly calendars with an incentive compensation business unit. Which method do you use to set up multiple calendars for incentive compensation business units?

A) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select a calendar; only one calendar can be selected.
B) Go to the Manage Calendars task in the Define Incentive Compensation Shared Configuration task list and associate the same business unit with both calendars.
C) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.
D) Go to the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.

3. You have a plan component, PCI, whoso output is dependent onplan component, PC2. Which two statements are true about achieving the stated objective?

A) PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
B) PCI must have Calculation sequence less than that of PC2.
C) PCI must have Calculation sequence greater than that of PC2.
D) PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as 'Phase 1'.

4. Which three participant related data can be used in calculation expressions without usinguserdefined functions?

A) Participant Header Descriptive Flexfields
B) Resource Descriptive Flexfields
C) Standard Participant Fields such as currency code or cost center
D) Employee Descriptive Flexfields
E) Participant Details Descriptive Flexfields

5. 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-> Roll Up -> Crediting-> Calculation > Payment
B) Collection -> Crediting -> Roll Up-> Classification -> Calculation ->Payment
C) Collection -> Classification -> Crediting -> Calculation ->Roll Up-> Payment
D) Collection-> Classification -> Crediting > Roll Up -> Calculation ->Payment
E) Collection -> Crediting > Classification -> Roll Up-> Calculation -> Payment

Solutions: