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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Which two statements are true for individualized compensation plan values?

A) Individualized ratevalues for a participant take precedence over original compensation plan rate values.
B) A participant's manager can personalize the compensation plan view if the Individualize option is selected.
C) Individualized compensation plan values summarize transactions during the Calculation phase.
D) Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
E) A participant can personalize the compensation plan view if the Individualize option is selected.

3. Performance Measures can be addedto expressions in the expression builder. Which structures are supported?

A) The output of five performance measures can be combined in the formula expression of a plan component.
B) Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
C) A, B, and C
D) The goalof one performance measure can be used in the formulaexpression of a different performance measure.
E) A and D
F) Output of performance measure on one plan component can be used asInput to rate table on another performance measure on a different plan component.

4. The incentive compensation application set the paymentbatchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

A) Payment batches can be edited and reprocessed.
B) Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.
C) No adjustment can be done for that period.
D) Pay sheets can be adjustedaccordingly.

5. Your client wants to encourage continuous growth from quarter, toquarterto ensure its representatives are pushing themselves and growing the business. As such, your client has created a quarterly SPIF(Sales Promotion Incentive Fund) to reward growth. The client wants to take the current quarter's attainment, and compare it to prior quarters. If growth Is positive, the client will give them an additional$2000.If not, then nothing.
Which expression should you use to meet the requirement?

A) Date Difference
B) YTD (Year-to date) Target Incentive
C) Rolling Average Attainment
D) Previous Interval Attainment

Solutions: