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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which method enables an Incentive Compensation application administrate, to bypass payment approval?

A) Set Paysheet Approval Status to 'Approved-in the Manage Parameters task.
B) Set Grade Fusion Incentive Compensation: Enforce Payment Approval to 'No' in the Manage Profile Options task.
C) Set up an empty payment administration hierarchy.
D) Payment approval cannot be bypassed.

2. Which statement is true about classification rules and credit categories?

A) You can associatemultiple credit categories to a classification rule.
B) You can associate only one credit category to a classification rule.
C) You can define the split credit percentage at classification rule UI.
D) You can associate classification rule to credit category via performance measure.

3. Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules,andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

A) Incentive Compensation Participant Import
B) Incentive Compensation Transaction Import
C) Incentive Compensation Classification Rule Import
D) Incentive Compensation Compensation Plan Import
E) Incentive Compensation Participant Goal Import
F) Incentive Compensation Participant Detail Import
G) Incentive Compensation Credit Category Import

4. Your customer is eager to see quickbenefitswith the new cloud softwaretheybought. Which approach can you recommend?

A) Configure in Production instance from the start of the project.
B) Import datathat fits out of the box and enable reporting.
C) Conduct thorough requirement sessions to determine priorities.
D) Start small and add functionality incrementally.

5. Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

A) XC BASE_TRANS_DFF
B) CM_TP_TRANSACTIOM_DFP
C) FIC_TRANSACTION_DFF
D) CN_TP_BASETRAHS_DFF

Solutions: