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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The Implementation team is trying to determine how many business units (BUs) are needed.Whichconsideration requires the creation of multiple BUs?

A) different currencies for payment of participants
B) The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
C) The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
D) Operating currency is different to the currency in which calculations are performed.
E) different General Ledger account structures

2. Which three participant related data can be used in calculation expressions without usinguserdefined functions?

A) Participant Header Descriptive Flexfields
B) Employee Descriptive Flexfields
C) Standard Participant Fields such as currency code or cost center
D) Resource Descriptive Flexfields
E) Participant Details Descriptive Flexfields

3. The estimated Compensation module_________

A) works in runtime mode and can be invoked via a web service from third-party applications
B) allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
C) both B and C
D) updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
E) both B and D
F) uses Opportunitiesin Sales Cloud to calculate what earnings would be if they became orders

4. You help the Oracle Incentive Compensation administrator select the coned currency options for a business unit where all the transactions are performed in USD. Althoughsome of the workforce is based in the UK and Canada, the company pays the workforce in USD.
How do you set up currencies?

A) Select Processing Currency as USD only. Operating Currency is not mandatory.
B) Select Operating Currency as USD and select Processing Currency as Operating Currency.
C) Select Operating Currency as USD and Processing Currency as USD.
D) Select Operating Currency as USD andselect Processing Currency as Participant's Home Currency.

5. 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) 'Display period data in participant reports' is selected.
B) Report to work area mapping isdefined for each period.
C) Status is set to 'Active' for all of the required months.
D) Start and end dates for the fiscal months are valid.

Solutions: