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Oracle 1z1-971 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Incentive Compensation Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-971 |
| Real Exam Qty: | 70-75 |
| Exam Duration: | 105 minutes |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Choice |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Related Certifications: | Oracle Sales Cloud Oracle Incentive Compensation Cloud Implementation Specialist |
| Passing Score: | 66% |
| Recommended Training: | Oracle Incentive Compensation Implementation Guide Oracle University Training |
| Exam Registration: | Oracle Education Exam Page Pearson VUE Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience with Oracle Incentive Compensation Cloud or similar incentive solutions |
| Official Syllabus URL: | https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-971 |
Oracle 1z1-971 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Unit Setup | 15% | - Define business units - Configure calendars and parameters |
| Topic 2: Calculation and Reporting | 10% | - Generate reports and analytics - Run compensation calculations |
| Topic 3: Plan Acceptance Workflow | 15% | - Manage approval cycles - Configure acceptance processes |
| Topic 4: Crediting and Rollup | 20% | - Set up credit rules - Process transaction crediting - Define rollup hierarchies |
| Topic 5: Security and Access | 15% | - Create and manage roles - Assign user access and permissions |
| Topic 6: Compensation Plans | 25% | - Assign participants to plans - Design and configure plan components - Define rules, rates and formulas |
Preparing for 1z1-971 with PrepAwayETE: The Essentials
- Security and Access (15%)
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Oracle Incentive Compensation Cloud 2017 Implementation Essentials Sample Questions:
Which format must the date column value have In File Based Data Import?
- A. YYYY/MM/DD
- B. Date format is configurable
- C. MM/DD/YYYY
- D. DD/MM/YYYY
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayETE members. You can sign-up / login (it's free).
The estimated Compensation module_________
- A. works in runtime mode and can be invoked via a web service from third-party applications
- B. both B and D
- C. uses Opportunities in Sales Cloud to calculate what earnings would be if they became orders
- D. allows sales persons to test what-if scenarios on deals they are working on, taking into account their current achievement levels
- E. both B and C
- F. updates tables so that sales managers can view reports in OTBI on pipeline and forecasted compensation
Correct Answer: C 🗳️
A performance measure is set up to determine the commission rate by using total sales attainment percentage tot a quarter, which is measured as total sales by participant for the quarter divided by target for the quarter.
How should you set up this performance measure?
- A. Set Process Transaction = Individually and Interval = Quarter, select Running Total, select Accumulate for input expression 'transaction amount', and enter targets directly in the performance measure.
- B. 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.
- C. Set Process Transaction = Grouped by Interval and Interval - Quarter, have the input expression 'sum
(Credit.transactlonamount/Measure.Target)' and enter targets in the plan component associated with the performance measure. - D. Set Process Transaction = Grouped by Interval and Interval = Quarter, have the input expression 'sum (Oedit.transactionamount/Measure.Target)' and enter targets directly in the performance measure.
Correct Answer: B 🗳️
A classification rules hierarchy is set up as:
The performance measure 'Storage attainment' is associated with category STORAGE, while the performance measure Hard Drive attainment is associated with the credit category HARD DRIVE.
If the transaction is:
What will the application do when the Classification and Calculation processes are run?
- A. associate both credit categories (STORAGE and HARD DRIVE) with Km- transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Storage attainment'
- B. associate the credit category HARD DRIVE with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating both performance measures ('Storage attainment' and 'Hard Drive attainment')
- C. associate the credit category HARD DRIVL with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment*
- D. associate the credit category STORAGE with the transaction during the Classification process and later, during the Calculation process. Include the transaction when calculating only the performance measure 'Storage attainment'
- E. associate both credit categories (STORAGE and HARD DRIVE) with the transaction during the Classification process and later, during the Calculation process, include the transaction when calculating only the performance measure 'Hard Drive attainment'
Correct Answer: C 🗳️
When should you set 'Calculate Incentive = Per Event' while building a plan component?
- A. when the incentive Is to be calculated on a per transaction basis
- B. when the incentive is to be calculated upon the event of the user running calculations manually as opposed to the event of automatically scheduled calculations
- C. when the incentive is to be calculated based on many transactions grouped over an
Interval - D. when the incentive is to be calculated pet any kind of event, as long as the user defines the event first
Correct Answer: D 🗳️
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