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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.

A) Status is set to 'Active' for all of the required months.
B) Report to work area mapping isdefined for each period.
C) Start and end dates for the fiscal months are valid.
D) 'Display period data in participant reports' is selected.

2. Which two methods are valid when assigning a pay group to a participant?

A) If there is only one paygroup, all participants are automatically assigned to the pay group.
B) Assign the role to the pay group and allow the participant to inherit the pay group.
C) Assign the pay group directly to the participant.
D) Assign the pay group tothe credit category and allow the participant to inherit the pay group.
E) Assign the pay group to the compensation plan and allow the participant to inherit the pay group.

3. In which section of the Home screen dousers receive notifications generated by the Approvals functionality?

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

4. Which two statements are true for individualized compensation plan values?

A) A participant's manager can personalize the compensation plan view if the Individualize option is selected.
B) Individualized compensation plan values summarize transactions during the Calculation phase.
C) Individualized ratevalues for a participant take precedence over original compensation plan rate values.
D) Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
E) A participant can personalize the compensation plan view if the Individualize option is selected.

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

Solutions: