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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 must have defined'Point Rewards' as a monetary earning type.
B) 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.
C) 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.
D) The administrator has not associated the participants with the plan components where earning type is
'Point Rewards'.
E) The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.

2. Of what type of role is Incentive Compensation Analyst an example?

A) Work Area
B) Abstract
C) Duty
D) Job

3. Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

A) Business Analyst, Reporting Specialist, Data Specialist, Project Manager
B) Business Analyst, DBA, Reporting Specialist, Data Specialist
C) System Administrator Business Analyst, Reporting Specialist, Project Manager
D) System Administrator, Business Analyst, DBA, Project Manager

4. The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?

A) different currencies for payment of participants
B) different General Ledger account structures
C) The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
D) Operating currency is different to the currency in which calculations are performed.
E) The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.

5. A participant is transferred to another business unit.
Identify the configuration changes required to calculate and pay compensation to the participant in the new business unit.

A) Create a new HR employee record forthis participant as transfer across business unit is not supported by the application.
B) Assign the participant to the global business unit and global role,
C) Assign the participant to a new role and resource group.
D) Enter an End Date for the participant record in the current business unit, import participant into the new business unit, and assign appropriate Comp Plan and Paygroup.

Solutions: