Oracle 1Z0-1015 Online Practice Questions and Exam Preparation

Oracle 1Z0-1015 Online Questions & Answers

• Question 1:

  Which two statements are true when you create an expression?

  A. You can use the metrics of both plan components and performance measures in your expression.
  B. You can use the metrics of a performance measure but not of a plan component in your expression.
  C. You can use the metrics of a plan component but not of a performance measure in your expression.
  D. An expression like Credit.Credit__Amount * SUM(Credit.Quantity) will be invalid because the application does not allow you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
  E. An expression like Credit.Credit Amount * SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.
  C. You can use the metrics of a plan component but not of a performance measure in your expression.
  E. An expression like Credit.Credit Amount * SUM(Credit.Quantity) will be valid because the application allows you to mix aggregate functions with nonaggregated transactional attributes in the same expression.

• Question 2:

  Which three statements are true regarding Classification?

  A. Classification splits the credits among the participant credit receivers.
  B. Classification rules are used to classify transactions into meaningful credit categories.
  C. Rule criteria involve one or more transaction attributes.
  D. Qualifiers are ANDed and qualifier attribute values are ORed.
  E. Classification process must be run before the Crediting process.
  C. Rule criteria involve one or more transaction attributes.
  D. Qualifiers are ANDed and qualifier attribute values are ORed.
  E. Classification process must be run before the Crediting process.

• Question 3:

  A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.

  How should you configure the payment plan?

  A. Associate the "Commission" payment group category to 'Commission' type plan components. In the Payment Plan, select `Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select "Yes" for the Carry Forward Maximum drop down, and select `No' for the Minimum Recovery option.
  B. Associate the `Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option.
  C. Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the `Yes' for the Minimum Recovery option and `Immediate' for the Recovery Start option.
  D. Associate the 'Commission' payment group category to "Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select 'Yes' for the Carry forward Maximum drop down, select `Yes' for the Minimum Recovery option, and 'Immediate' for the Recovery Start option.
  B. Associate the `Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option.

• Question 4:

  An Incentive Compensation administrator wants to import the participant information from Oracle Human Resources Cloud for the employees having Job as 'Operation Support'. Which task can the Incentive Compensation administrator perform?

  A. The administrator can assign quotas to participants based on integration with Oracle Human Resources Cloud Compensation Workbench.
  B. The administrator can use the Human Resources Cloud Job field to filter which participants to include in the Import.
  C. The administrator can assign roles to participants based on the Oracle Human Resources Cloud Job to Role mapping.
  D. The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.
  D. The administrator can assign compensation plans to participants based on the Oracle Human Resources Cloud Job to Plan mapping.

• Question 5:

  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 General Ledger account structures
  D. different currencies for payment of participants
  E. Operating currency is different to the currency in which calculations are performed.
  A. The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.

• Question 6:

  Dining the Rollup process, the Incentive Compensation application determines all participants who must receive indirect credit for the transaction. Identify the two options this is based on.

  A. all the participants associated with that customer
  B. all the participants in the compensation group
  C. all the participants in the organization
  D. Rollup date
  E. Rollup hierarchy effective for that date
  D. Rollup date
  E. Rollup hierarchy effective for that date

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  https://docs.oracle.com/cloud/farel8/salescs_gs/FACMI/F1071275AN2125B.htm

• Question 7:

  An Incentive Compensation administrator has set up the 'Point Rewards' as earning type. However, the Sales team has not received the cash compensation during the payout processing.

  Which statement is true to identify the root cause of the error?

  A. The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
  B. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
  C. The administrator has not associated the participants with the plan components where earning type is 'Point Rewards'.
  D. The administrator must have defined 'Point Rewards' as a monetary earning type.
  E. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
  E. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.

• Question 8:

  A regional sales manager is promoted to a higher position and becomes eligible to receive rollup credit from multiple business units. How should you create a rollup hierarchy rule to receive rollup horn multiple business units?

  A. No additional configurations are required because the application accommodates cross-region rollups.
  B. Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
  C. Cross-region rollups are not supported. Managers and salespeople must be participants In the same business unit
  D. Import all participants under the manager in all business units and copy the rollup hierarchy rules to each business unit.
  D. Import all participants under the manager in all business units and copy the rollup hierarchy rules to each business unit.

• Question 9:

  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 a new role and resource group.
  B. Create a new HR employee record for this participant as transfer across business unit is not supported by the application.
  C. Assign the participant to the global business unit and global role,
  D. 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. 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.

• Question 10:

  Your client wants a research assistant role that has read-only access to all pages accessible to the Compensation Analyst and to assigned participants.

  How can this be accomplished?

  A. Copy the Analyst Role and delete all privileges in the provisioning template other than Read.
  B. Copy the Participant role and add Analyst Duty Roles.
  C. Create a new role template.
  D. Create a new role and add read privileges.
  D. Create a new role and add read privileges.