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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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 use db tools to copy the compensation plans from one business unit to another.
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, which imports the complete compensation plans with the associated plan components.
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, but you must create plan components andperformance measures manually.
D) You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.

2. You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Althoughsome of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?

A) Select Operating Currency as USD and select Processing Currency as Operating Currency.
B) Select Processing Currency as USD only. Operating Currency is not mandatory.
C) Select Operating Currency as USD andselect Processing Currency as Participant's Home Currency.
D) Select Operating Currency as USD and Processing Currency as USD.

3. A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combiningreports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.

A) This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
B) This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
C) This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.
D) This technique allows you to Join multiple logical SQL statements by using Equi Joins.
E) This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.

4. Which method enables an Incentive Compensation application administrate, to bypass payment approval?

A) Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.
B) Set up an empty payment administration hierarchy.
C) Payment approval cannot be bypassed.
D) Set Paysheet Approval Status to 'Approved-in the Manage Parameters task.

5. Which statement is true about classification rules and credit categories?

A) You can associate only one credit category to a classification rule.
B) You can associatemultiple credit categories to a classification rule.
C) You can associate classification rule to credit category via performance measure.
D) You can define the split credit percentage at classification rule UI.

Solutions: