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

  • Exam Code: 1z0-1062-21
  • Exam Name: Oracle Incentive Compensation Cloud 2021 Implementation Essentials
  • Updated: Aug 09, 2026     Q & A: 76 Questions and Answers

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Oracle 1z0-1062-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Configuring Incentive Compensation Plans- Performance measures and plan components
- Creation and management of compensation plans
Topic 2: Administering the Incentive Compensation System- Classification and crediting setup
- Participant and role management
Topic 3: Transaction Processing and Reporting- Transaction classification and calculation
- Reporting, dashboards, and analytics
Topic 4: Understanding Oracle Incentive Compensation Cloud- Core implementation tasks and functional setup topics
- Exam objectives and exam focus areas

Oracle Incentive Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which two statements are true for individualized compensation plan values?

A) Individualized compensation plan values summarize transactions during the Calculation phase.
B) Individualized compensation plan values can reduce the number of plans that you actually have to create and manage.
C) A participant can personalize the compensation plan view if the Individualize option is selected.
D) Individualized ratevalues for a participant take precedence over original compensation plan rate values.
E) A participant's manager can personalize the compensation plan view if the Individualize option is selected.


2. You are planning to move your configurations from the staging environment to the production environment.
Which task must you not include?

A) Move Calendar, Business Units, List of Values, and Profile Options by using FSM.
B) Clone custom objects in Application Composer
C) Export and Import reports by using the archive/unarchive function.
D) Export Compensation Plans to XML


3. A report with relevance to Contacts has to be built to show the entire business life cycle associated to the Contact. The developer decides to design the report by combiningreports using SQL. He has taken care of having multiple logical statements based on common ID/Keys, yet he finds some issues due to Joins in reports.
Identify the technique that could resolve the Join issue.

A) This technique does not allow you to Join multiple logical SQL statements by using Inner Join and Outer Join.
B) This technique allows you to Join multiple logical SQL statements by using Equi Joins.
C) This technique allows you to Join multiple logical SQL statements by using Inner Join and Outer Join.
D) This technique allows you to Join multiple logical SQL statements by using Inner Join, Outer Join and Doss Join.
E) This technique allows you to Join multiple logical SQL statements by using Equi Join and Cross Join.


4. Which format must the date column value have In File Based Data Import?

A) DD/MM/YYYY
B) MM/DD/YYYY
C) Date format is configurable
D) YYYY/MM/DD


5. A company pays commission based on the source of the transaction and the margin on the transaction.
If the source is 'ABC' and margin is between 0 and 10 percent, the rate should be 1.5 percent.
If the source is 'ABC' and margin is 10 percent and above, the rate should be 3 percent.
If the source is 'XYZ'and margin is between 0 and 10 percent,the rata should be 2 percent.
If the source is 'XYZ' and margin is 10 percent and above, the rate should be 4 percent.
Which two procedures can you use to set this up?

A) Option D
B) Option C
C) Option A
D) Option B
E) Option E


Solutions:

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

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