Free Oracle 1z0-971 Exam Dumps Questions & Answers

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

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

Which descriptive flexfield should you use to update Incentive Compensation Transaction details?

• A.  FIC_TRANSACTION_DFF
• B.  XC BASE_TRANS_DFF
• C.  CM_TP_TRANSACTIOM_DFP
• D.  CN_TP_BASETRAHS_DFF

The status of the ESS (Enterprise Scheduler Service) request is 'Succeeded.'
But the transaction is not credited, and the status of the transaction is not 'Credited.'
Which statement is the most complete and gives a correct list of settings and actions that are needed for a transaction to generate valid credits?

• A.  Answer B plus-You must assign the correct credit category to the performance measure.
• B.  Answer B plus-You must run Deploy Credit Rules for the correct date range.
• C.  Answer A plus-If the 'Enable Classification' parameter is set to 'Yes' and 'Classify Transactions' Is set to 'After collection and before crediting/ then ensure classifying the transactions before running crediting.
• D.  Answer B plus-You must set 'Enable Rollup' to 'Yes1 and select 'Rollup in Credit Hierarchy.
• E.  The 'Enable Direct Crediting' parameter is set to "Yes* and the credit rules have valid attributes. Attribute values and a credit receiver are assigned.

A payment plan is to be configured to pay a minimum (draw) flat amount of 8,000 per period, which is nonrecoverable. Payment adjustments must be applied only to commission type earnings, and bonus earnings should not be adjusted by the payment plan.
How should you configure the payment plan?

• A.  Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment plan, select 'Commission' from the Payment Group
  Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select 'No' for the Minimum Recovery option.
• B.  Associate the 'Commission' Incentive Type (payment group category) to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group
  Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, and select the 'Yes' for the Minimum Recovery option and 'Immediate' for the Recovery Start option.
• C.  Associate the "Commission" payment group category to 'Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 in the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select "Yes" for the Carry Forward Maximum drop down, and select 'No' for the Minimum Recovery option.
• D.  Associate the 'Commission' payment group category to "Commission' type plan components. In the Payment Plan, select 'Commission' from the Payment Group Category drop down, enter 8,000 In the Flat Minimum Amount to Pay Participant field, enter 8,000 in the Maximum Payment field, select 'Yes' for the Carry forward Maximum drop down, select
  'Yes' for the Minimum Recovery option, and 'Immediate' for the Recovery Start option.

An Incentive Compensation administrator has set up the 'Point Rewards' as earning type.
However, the Sales team has not received the cash compensation during the payout processing.
Which statement is true to identify the root cause of the error?

• A.  The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
• B.  The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
• C.  The administrator has not associated the participants with the plan components where earning type is 'Point Rewards'.
• D.  The administrator must have defined 'Point Rewards' as a monetary earning type.
• E.  The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.