Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.
Which statement istrue to identify the root cause of the error?
A) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
B) The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
C) The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
D) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
E) The administrator must have defined'Point Rewards' as a monetary earning type.
2. An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?
A) Please select the period type for each newly-added period row.
B) The period is overlapping with system defined quarterly period.
C) The date range should not overlap with any other period.
D) The start date cannot be later than the end date for a period.
3. Which option will never have access to the full Business Unit?
A) the Participant
B) the Sales Manager and the Participant
C) the Compensation Manager
D) the Compensation Analyst and the Participant
E) the Compensation Analyst
4. By using which method can a new participant be created In the Incentive Compensation application?
A) using the Import Participant process
B) manually in the UI
C) using the Create Participant Web Service
D) using the Create Participant task in Setupand Maintenance
5. Of what type of role is Incentive Compensation Analyst an example?
A) Work Area
B) Job
C) Duty
D) Abstract
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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