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Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You want to create compensation plans for a new businessunit and found that the plans are similar to the existing compensation plans. How can you achieve this?

A) You can export the compensation plans from current business unit. Log in to the new business unit and import them into the new business unit, but you must create plan components andperformance measures manually.
B) You can only manually create them in the new businessunit, as you cannot Import plans exported from another business unit.
C) You can export the compensation plans from current business unit. Log In to the new business unit and import them into the new business unit, which imports the complete compensation plans with the associated plan components.
D) You can use db tools to copy the compensation plans from one business unit to another.

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

A) The running of processes, the management of participant assignments, and the administrative access to data must beseparated by principal lines of business.
B) The HCM application has four separate BUs, so we must adopt them fc* Incentive Compensation.
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.

3. Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

A) Business Analyst, Reporting Specialist, Data Specialist, Project Manager
B) System Administrator Business Analyst, Reporting Specialist, Project Manager
C) Business Analyst, DBA, Reporting Specialist, Data Specialist
D) System Administrator, Business Analyst, DBA, Project Manager

4. Your customer is eager to see quickbenefitswith the new cloud softwaretheybought. Which approach can you recommend?

A) Conduct thorough requirement sessions to determine priorities.
B) Start small and add functionality incrementally.
C) Configure in Production instance from the start of the project.
D) Import datathat fits out of the box and enable reporting.

5. An administrator is defining periods in the Incentive Compensation application quarterly calendar. She is defining the same start date fortwo periods with a different end date.
Which Statement represents the error for this scenario?

A) The start date cannot be later than the end date for a period.
B) The period is overlapping with system defined quarterly period.
C) Please select the period type for each newly-added period row.
D) The date range should not overlap with any other period.

Solutions: