Updated Jan-2022 100% Cover Real 1Z0-1062-20 Exam Questions - 100% Pass Guarantee
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Oracle 1Z0-1062-20 Exam Syllabus Topics:
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NEW QUESTION 29
Performance Measures can be added to 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. Output of performance measure on one plan component can be used as Input to rate table on another performance measure on a different plan component.
- C. A and D
- D. The goal of one performance measure can be used in the formula expression of a different performance measure.
- E. A, B, and C
- F. Input of performance measure Interval-to-date can be used in the formula expression of a plan component.
Answer: E
NEW QUESTION 30
A client wants to reward the Sales Operation team members with one reward point for every dollar of revenue for the last quarter 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 calendar year.
- A. Go to the Manage Earning Types task and define a new earning type, such as 'Point Rewards'.
- B. Add a new row to the Conversion Factor section for the earning type 'Point Rewards'
- C. 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. - D. Set the conversion factor to 1, and define Start Date = 01 Oct and End Date = 31-Dec for the fiscal year.
- E. Set the conversion factor = 0.1, and define Start Date - 01-Oct and End Date = 31-Dec for the fiscal year.
Answer: A
NEW QUESTION 31
You are planning to move your configurations from the staging environment to the production environment.
Which task must you not include?
- A. Export and Import reports by using the archive/unarchive function.
- B. Move Calendar, Business Units, List of Values, and Profile Options by using FSM.
- C. Clone custom objects in Application Composer
- D. Export Compensation Plans to XML
Answer: C
NEW QUESTION 32
Which are the three broad categories, based on which cross subject area reporting can be built?
- A. using common dimensions
- B. combining logical SQL using the Advanced tab
- C. combining more than one result set from different subject areas by using set operators such as Union, union all, Intersection, Cartesian, and Difference
- D. using common and local dimensions
Answer: A,C,D
Explanation:
Explanation
Cross-Subject Area Analyses: Explained
You can create analyses that combine data from more than one subject area. This type of query is referred to as a cross-subject area analysis. Cross-subject area analyses can be classified into three broad categories:
* Using common dimensions
* Using common and local dimensions
* Combining more than one result set from different subject areas using set operators such as union, union all, intersection and difference
NEW QUESTION 33
The 'Run Crediting and Rollup' process request completes successfully but no credits are created. Which three configurations must be verified?
- A. 'Enable Direct Crediting* is set to 'Yes' on the 'Manage Parameters' page.
- B. Participants assigned to a direct credit rule do not have the Manager role.
- C. The same participants are not assigned to multiple credit rules in the hierarchy.
- D. The transaction event date falls between the credit rule start and end dates.
- E. The 'Deploy Compensation Plans' process was run after the credit rules were created.
- F. The 'Deploy Credit Rule' process was run after the credit rules were created.
Answer: B,C,E
NEW QUESTION 34
In transaction Processing, you are required to use the transaction credit category In your credit rules. In which order must you process transactions to fulfill this requirement?
- A. Collection -> Crediting -> Roll Up -> Classification -> Calculation ->Payment
- B. Collection -> Classification -> Roll Up -> Crediting -> Calculation > Payment
- C. Collection -> Classification -> Crediting > Roll Up -> Calculation ->Payment
- D. Collection -> Crediting > Classification -> Roll Up -> Calculation -> Payment
- E. Collection -> Classification -> Crediting -> Calculation ->Roll Up -> Payment
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel9/salescs_gs/FACMI/F1467975AN23409.htm#FACMI1467975
NEW QUESTION 35
Which two statements are true for individualized compensation plan values?
- A. Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
- 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 rate values for a participant take precedence over original compensation plan rate values.
- E. A participant can personalize the compensation plan view if the Individualize option is selected.
Answer: C,D
NEW QUESTION 36
An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date for two periods with a different end date.
Which Statement represents the error for this scenario?
- A. Please select the period type for each newly-added period row.
- B. The period is overlapping with system defined quarterly period.
- C. The start date cannot be later than the end date for a period.
- D. The date range should not overlap with any other period.
Answer: C
NEW QUESTION 37
You want to enable Plan Component ID, Period ID, and Participant ID for use as parameters in a User-Defined Function. Which table should these be drawn from?
- A. CN_SRP_PARTICIPANTS_ALL
- B. CN_SRP_SUBLEDGER_ALL
- C. CN_SRP_PER_FORM_METRICS_ALL
- D. CN_TP_TRANSACTIONS_ALL
- E. CN_SRP_PIAN_C0HPONENTS_ALL
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel10/salescs_gs/FACMI/FACMI1417756.htm#FACMI1400328
NEW QUESTION 38
The status of the ESS (Enterprise Scheduler Service) request is 'Succeeded.' But the transaction is not credited, and the status of the transaction is not 'Credited.' Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?
- A. Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.
- B. Answer B plus-You must run Deploy Credit Rules for the correct date range.
- C. The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes.
Attribute values and a credit receiver are assigned. - D. Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.
- E. Answer B plus-You must assign the correct credit category to the performance measure.
Answer: C
NEW QUESTION 39
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.
Answer: A
NEW QUESTION 40
Identify the roles that are critical for implementation users to enable them to perform setup tasks In Fusion Setup Manager.
- A. INCENTIVE COMPENSATION APPLICATION ADMINISTRATOR
- B. BI_ADMINISTRATOR
- C. APPLICATION IMPLEMENTATION CONSUI TANT
- D. INCENTIVE COMPENSATION INTEGRATION SPECIAUSI
- E. COMPENSATION PLAN ADMINISTRATOR
Answer: D
NEW QUESTION 41
When should you set 'Calculate Incentive = Per Event' while building a plan component?
- A. when the incentive is to be calculated based on many transactions grouped over an Interval
- B. when the incentive is to be calculated pet any kind of event, as long as the user defines the event first
- C. when the incentive Is to be calculated on a per transaction basis
- D. when the incentive is to be calculated upon the event of the user running calculations manually as opposed to the event of automatically scheduled calculations
Answer: B
NEW QUESTION 42
The Implementation team is trying to determine how many business units (BUs) are needed. Which consideration requires the creation of multiple BUs?
- A. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
- B. The running of processes, the management of participant assignments, and the administrative access to data must be separated by principal lines of business.
- C. different currencies for payment of participants
- D. different General Ledger account structures
- E. Operating currency is different to the currency in which calculations are performed.
Answer: A
NEW QUESTION 43
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?
- A. Option E
- B. Option D
- C. Option B
- D. Option A
- E. Option C
Answer: A,E
NEW QUESTION 44
You have been asked to create a report by using internal and external data sources. Identify Oracle's recommended approach for building a custom report.
- A. OTBI Reports
- B. BI Answers
- C. BI Analytics
- D. BI Publisher
Answer: D
NEW QUESTION 45
A classification rules hierarchy is set up as:
The performance measure 'Storage attainment' is associated with category 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 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*
- B. associate both credit categories (STORAGE and HARD DRIVE) with Km- transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
- C. associate the credit category HARD DRIVE with the transaction during the Classification process and later, 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 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'
Answer: A
NEW QUESTION 46
An expression is to be set up so that if the transaction amount is greater than 1000, the expression should return the string 'MORE'; if the transaction amount is less than 1000, it should return the string 'LESS'; and if the transaction amount is equal to 1000, It should return the string 'EQUAL'.
Which three options can be used to set this expression up to accurately give the desired output?
- A. Option D
- B. Option A
- C. Option E
- D. Option C
- E. Option B
Answer: A,E
NEW QUESTION 47
A business unit has set up a calendar based on fiscal months, but period data is not displaying on reports Select the configuration you must verify to identify the root cause.
- A. Start and end dates for the fiscal months are valid.
- B. Report to work area mapping is defined for each period.
- C. 'Display period data in participant reports' is selected.
- D. Status is set to 'Active' for all of the required months.
Answer: A
NEW QUESTION 48
Your configurations and reports are moved to the Production environment. You want to copy thorn to your Test environment. When should you schedule P2T?
- A. once Production and Test are aligned on the same patch
- B. after the next patch is applied to Test
- C. after the next patch is applied to Production
- D. when P2T tasks are set up In FSM
Answer: D
NEW QUESTION 49
You have to write a custom function that accesses the performance measure output.
You must pass the following parameters to uniquely identify data and do custom calculations.
plan_cooponent_id
formaula_id
Participant_id
Period id
In which table should you configure the required columns?
- A. CW_TP_EARNINGS_ALL
- B. CN SRP_PER_FORM_METRICS_ALL
- C. CM SRP PARTICIPANTS ALL
- D. CN TP KEASURE_RESULTS_ALL
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/latest/salescs_gs/FACMI/FACMI1417756.htm#FACMI1419062
NEW QUESTION 50
Which two statements are true about disputes?
- A. Compensation Managers can reassign disputes to different analysts.
- B. Participants can view the disputes they have created in their worklist
- C. Disputes are assigned to the analyst who is associated with the participant creating the dispute, and assigned to the compensation manager who the analyst reports to in the payment analyst hierarchy.
- D. Disputes are assigned to the analyst who is associated with the participant creating the dispute.
Answer: D
NEW QUESTION 51
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. Assign the participant to the global business unit and global role,
- B. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.
- C. 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.
- D. Assign the participant to a new role and resource group.
Answer: C
NEW QUESTION 52
A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combining reports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.
- A. This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.
- B. This technique allows you to Join multiple logical SQL statements by using Equi Joins.
- C. This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
- D. This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
- E. This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.
Answer: B
NEW QUESTION 53
Your customer is eager to see quick benefits with the new cloud software they bought. Which approach can you recommend?
- A. Import data that fits out of the box and enable reporting.
- B. Configure in Production instance from the start of the project.
- C. Conduct thorough requirement sessions to determine priorities.
- D. Start small and add functionality incrementally.
Answer: D
NEW QUESTION 54
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