- Exam Code: 1z0-1062-21
- Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
- Updated: Oct 01, 2026
- Q & A: 76 Questions and Answers
Oracle Incentive Compensation Cloud 2021 Implementation Essentials : 1z0-1062-21 valid dump
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Oracle 1z0-1062-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Core Setup and Configuration | 25% | - Profile Options and Parameters - Enterprise Structure and Reference Data - Calendars, Periods, and Currencies |
| Participants, Payments, and Reporting | 15% | - Paysheets and Payment Administration - Participant Setup and Hierarchies - Maintenance and Troubleshooting - Analytics, Dashboards, and Reports |
| Overview of Incentive Compensation Cloud | 15% | - Security and Access Control - Implementation Methodology - Key Concepts and Architecture |
| Classification and Crediting | 20% | - Crediting Hierarchies and Rules - Processing Transactions - Transaction Classification Rules |
| Compensation Plans and Components | 25% | - Plan Design and Creation - Performance Measures and Formulas - Rate Tables and Tiers - Earnings and Calculation Logic |
Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question #1
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) withKm-transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
- B. 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'
- C. 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')
- D. 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' - E. 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*
Correct Answer: E 🗳️
Question #2
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.
Correct Answer: B 🗳️
Question #3
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. Align your patch levelbetween Production and Test environments.
- D. Set up the P2T tasks in Functional Setup Manager.
- E. Import the Compensation Plans.
Correct Answer: C,D 🗳️
Question #4
Of what type of role is Incentive Compensation Analyst an example?
- A. Abstract
- B. Job
- C. Work Area
- D. Duty
Correct Answer: B 🗳️
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Question #5
An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?
- A. The period is overlapping with system defined quarterly period.
- B. The date range should not overlap with any other period.
- C. Please select the period type for each newly-added period row.
- D. The start date cannot be later than the end date for a period.
Correct Answer: D 🗳️
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