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Oracle 1z0-1062-21

1z0-1062-21

Exam Code: 1z0-1062-21

Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials

Updated: Sep 28, 2026

Q & A: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Compensation Plans and Components25%- Earnings and Calculation Logic
- Rate Tables and Tiers
- Performance Measures and Formulas
- Plan Design and Creation
Topic 2: Overview of Incentive Compensation Cloud15%- Implementation Methodology
- Security and Access Control
- Key Concepts and Architecture
Topic 3: Participants, Payments, and Reporting15%- Participant Setup and Hierarchies
- Paysheets and Payment Administration
- Maintenance and Troubleshooting
- Analytics, Dashboards, and Reports
Topic 4: Core Setup and Configuration25%- Profile Options and Parameters
- Calendars, Periods, and Currencies
- Enterprise Structure and Reference Data
Topic 5: Classification and Crediting20%- Transaction Classification Rules
- Processing Transactions
- Crediting Hierarchies and Rules

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1
A team rollup rule has five credit receivers witheach teammember reporting to a different sales manager in the rollup hierarchy. How will managerial rollup be allocated in this scenario?

A. Only the direct credit receiver's manager will receive the managerial rollup credit.
B. The managers assigned to the manager rollup hierarchy rule with the highest rank will receive rollup credit.
C. No manager will receive rollup credit because rollup credit works only when all of the team members report to same manager.
D. The managers assigned to the manager rollup hierarchy rule with the lowest rank will receive rollup credit.
E. All team member managers will receive the managerial rollup credit.


Question #2
Which are the three broad categories, based on which cross subject area reporting can be built?

A. combining logical SQL using the Advanced tab
B. using common and local dimensions
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 dimensions


Question #3
A performance measure is to be set up to determine the commission rate using total sales attainmentpercentage for a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How would you set up this performance measure?

A. Set Process Transaction = Individually and Interval=Quarter, select Running Total, select Accumulate for input expressions 'transaction amount', and enter targets directly in the performance measure
B. Set Process Transaction - Grouped By Interval and Interval = Quartet, have the input expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets directly inthe performance measure.
C. Set Process Transaction = Grouped By Interval and Interval = Quarter, have theinput expression
'sum(Credit.transaction amount/Measure.Target)', and enter targets in the plan component associated with the performance measure.
D. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'credit.transaction amount', and enter targets in the plan component associated with the performance measure.


Question #4
A regional sales manager is promoted to a higherposition 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. Cross-region rollups are not supported. Managers and salespeople must be participantsIn the same business unit
B. No additional configurations are required because the application accommodates cross-region rollups.
C. Import the manager's employee record as a participant In each business unit and copy the rollup hierarchy rules to each business unit.
D. Import all participants under the manager inall business units and copy the rollup hierarchy rules to each business unit.


Question #5
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 sequence less than that of PC2.
D. PCI must have Calculation Phase as 'Phase 1' and PC2 must have calculation phase as 'Phase2'.


Solutions:

Question #1
Correct Answer: D
Question #2
Correct Answer: B,C,D
Question #3
Correct Answer: C
Question #4
Correct Answer: D
Question #5
Correct Answer: B

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