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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction.
Identify the two options this is based on.

A) all the participants in theorganization
B) Rollup date
C) Rollup hierarchy effective for that date
D) all the participants in the compensation group
E) all the participants associated with that customer

3. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

A) Incentive Compensation Participant Detail Import
B) Incentive Compensation Participant Goal Import
C) Incentive Compensation Transaction Import
D) Incentive Compensation Compensation Plan Import
E) Incentive Compensation Credit Category Import
F) Incentive Compensation Classification Rule Import
G) Incentive Compensation Participant Import

4. 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 the Manage Parameters task in the Define Incentive Compensation Business Unit Configuration task list and select both calendars.
D) Go to theManage Calendars in the Define Incentive Compensation Shared Configuration task list and associate the business unit with a desired period type.

5. Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

A) CN_TP_BASETRAHS_DFF
B) FIC_TRANSACTION_DFF
C) CM_TP_TRANSACTIOM_DFP
D) XC BASE_TRANS_DFF

Solutions: