Online Access Free 1Z1-1062 Practice Test

Which three statements are true regarding Classification?

• A.Classification rules are used to classify transactions into meaningful credit categories.
• B.Rule criteria involve one or more transaction attributes.
• C.Classification splits the credits among the participant credit receivers.
• D.Classification process must be run before the Crediting process.
• E.Qualifiers are ANDed and qualifier attribute values are ORed.

Youmust migrate dataforaround 500 participants alongwith attributes, historical Participant Goals, historical transactions. Compensation Plans,classificationrules, andcredit categories in a new Incentive Compensation implementation.Theclientis readyto providedata in afile format that is provided byyou.
Which three templates can you use out of box for data migration?

• A.Incentive Compensation Classification Rule Import
• B.Incentive Compensation Participant Goal Import
• C.Incentive Compensation Participant Import
• D.Incentive Compensation Transaction Import
• E.Incentive Compensation Participant Detail Import
• F.Incentive Compensation Compensation Plan Import
• G.Incentive Compensation Credit Category Import

The incentive compensation application set the payment batchstatus to 'Paid' for a particular period and the payments have to be adjusted for a Which is the correct way to do this?

• A.Pay sheets can be adjusted accordingly.
• B.Payment batches can be edited and reprocessed.
• C.No adjustment can be done for that period.
• D.Reprocess earnings and payments; delta earnings and adjustments are included in the new payment batch.

Will the earnings for participants be calculated once their Active End Date has elapsed?

• A.Earnings will be calculated foe participants as long as they remain assigned to a compensation plan.
• B.Earnings will be calculatedlotparticipants as long as they exist m the fusion Incentive Compensation system.
• C.Earnings will not be calculated if their Compensation End date has elapsed.
• D.Earnings will not be calculated if their Active End Date has elapsed.

Which twocurrenciesmustyoudefinewhen creatingcompensation business units?

• A.Participant Home
• B.Functional
• C.Operating
• D.Processing