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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your configurations and repents are moved to the Production environment. You want to copy them to your Test environment. Which two actions must you take?

A) Enter a Service Request with My Oracle Support.
B) Upgrade Production to the next release.
C) Set up the P2T tasks in Functional Setup Manager.
D) Align your patch levelbetween Production and Test environments.
E) Import the Compensation Plans.

2. A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A) Option A
B) Option C
C) Option B
D) Option E
E) Option D

3. You have a plan component, PCI, whoso output is dependent onplan component, PC2. Which two statements are true about achieving the stated objective?

A) PCI must have Calculation sequence greater than that of PC2.
B) PCI must have Calculation Phase as,Phase2' and PC2 must have calculation phase as 'Phase 1'.
C) PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.
D) PCI must have Calculation sequence less than that of PC2.

4. In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?

A) Collection -> Crediting -> Roll Up-> Classification -> Calculation ->Payment
B) Collection -> Classification -> Crediting -> Calculation ->Roll Up-> Payment
C) Collection-> Classification -> Crediting > Roll Up -> Calculation ->Payment
D) Collection -> Classification-> Roll Up -> Crediting-> Calculation > Payment
E) Collection -> Crediting > Classification -> Roll Up-> Calculation -> Payment

5. A classification ruleshierarchyis set up as:

The performance measure 'Storage attainment' is associated withcategory STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE.
If the transaction is:

What will the application do when the Classification and Calculation processes are run?

A) associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment'
B) associate the credit category HARD DRIVE with the transaction during the Classification process andlater, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment')
C) associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*
D) associate both credit categories (STORAGE and HARD DRIVE) withKm-transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
E) associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure
'Storage attainment'

Solutions: