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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Questions and Answers

Question 1

A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the lastquarter of a fiscal year identify the three steps that the incentive compensation application administrator must take to set up this requirement before associating the reward with a plan component. In this case, the fiscal year corresponds to the calendaryear.

Options:

A.

Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.

B.

Select the earning type to 'Monetary Earnings', define a conversion factor = 1, and define Start Date = 01-Oct and End Date - 31 Dec for the fiscal year.

C.

Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.

D.

Add a new row to the Conversion Factor section for the earning type 'Point Rewards'

E.

Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.

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Question 2

Will the earnings for participants be calculated once their Active End Date has elapsed?

Options:

A.

Earnings will not be calculated if their Compensation End date has elapsed.

B.

Earnings will be calculated foe participants as long as they remainassigned to a compensation plan.

C.

Earnings will not be calculated if their Active End Date has elapsed.

D.

Earnings will be calculatedlotparticipants as long as they exist m the fusion Incentive Compensation system.

Question 3

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?

Options:

A.

Option A

B.

Option B

C.

Option C

D.

Option D

E.

Option E