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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

2. The estimated Compensation module_________

A) both B and D
B) allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
C) both B and C
D) uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders
E) updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
F) works in runtime mode and can be invoked via a web service from third-party applications

3. A compensation analyst wants to pay commissions calculated for period 4 that were initially missed. The current datefalls into period 8, and the last paid payment batch was in period 7.
Identify two options available for the compensation analyst to pay for period 4 commissions.

A) Create and pay another payment batch for period 7.
B) Create and pay another payment batch for period 5.
C) Create and pay a payment batch for period 8.
D) Create and pay another payment batch for period 6.
E) Create and pay another payment batch for period 4.

4. A company has itsclassificationrules, which are at the samelevel in the hierarchy, set up as:

Whichoption showsthecredit category or categoriesthatwill be assigned to this transaction during the Classification process?

A) INTEL
B) LAPTOP
C) COMPUTERS
D) TOSHIBA

5. An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'.
Which task can the Incentive Compensation administrator perform?

A) The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
B) The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.
C) The administrator can assign quotas to participants based on integration with Oracle HumanResources Cloud Compensation Workbench.
D) The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.

Solutions: