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Oracle 1z0-1062-21 : Oracle Incentive Compensation Cloud 2021 Implementation Essentials

1z0-1062-21

Exam Code: 1z0-1062-21

Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials

Updated: Oct 02, 2026

Q & A: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Administering the Incentive Compensation System- Participant and role management
- Classification and crediting setup
Transaction Processing and Reporting- Reporting, dashboards, and analytics
- Transaction classification and calculation
Understanding Oracle Incentive Compensation Cloud- Core implementation tasks and functional setup topics
- Exam objectives and exam focus areas
Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1
Which option will never have access to the full Business Unit?

A. the Compensation Analyst and the Participant
B. the Compensation Manager
C. the Participant
D. the Sales Manager and the Participant
E. the Compensation Analyst


Question #2
Your stand alone SaaS implementation project starts in two weeks. With which four roles must you staff your consulting team?

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


Question #3
You are required to create a compensation plan where commission is paid 6% of transaction amount for credit category 'Laptop'. Also reporting requirement dictates you to capture each older number along with earnedamount at the order level. You are also expected to reuse already created expressions to maximize re usability.
Which expression will you not be able to use in the plan component - Incentive formula?

A. SUM ( Credit.Credit Amount )
B. Credit.Credit Amount
C. Measure result.PM1.Output
D. Measureresult.PM1.PTDOutputAchieved


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 HumanResources 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.


Question #5
The 'Run Crediting and Rollup'process request completes successfully but no credits are created. Which three configurations must be verified?

A. The transaction event date falls between thecredit rule start and end dates.
B. Participants assigned to a direct credit rule do not have the Manager role.
C. The 'Deploy Credit Rule' process was run after the credit rules were created.
D. The same participants are not assigned to multiple credit rules in the hierarchy.
E. 'EnableDirect Crediting* is set to 'Yes' on the 'Manage Parameters'page.
F. The 'Deploy Compensation Plans' process was run after thecredit rules were created.


Solutions:

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

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