Free Oracle Incentive Compensation Cloud 2020 Implementation Essentials Exam 1Z0-1062-20 Exam Practice Test

What is the correct match sequence of the descriptions A, B and C against the titles?

• B, C, A
• A, C, B
• C, B, A
• C, A, B
• A, B, C
• B, A, C

Which setup component Is NOT connected to a Revenue Price Profile?

• Contract Identification Rules
• Items
• Source Document Types
• Pricing Dimension Segments

What is a contract modification?

• a change to the contract caused by negotiation with the customer
• a revision or correction to the estimate of variable consideration made at inception
• a change (modification) to the contract data
• an increase or decrease in expected collectability

Which is the following is NOT a feature of personalization

• Selecting default language
• Changing text font
• Saving searches
• Configuring table columns

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

• by identifying and creating one or more performance obligations for a given accounting contract
• by calculating Total Transaction Price for contracts
• by only creating contracts that are source system specific
• by allowing manual allocation of Total Transaction Price across performance obligations
• by restricting users from excluding contract lines
• by grouping source document lines intro contracts for each identified customer

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.How should you handle this scenario In Revenue Management?

• Ignore the performance obligation for the toaster because it was free of cost to the customer.
• Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
• Create the performance obligation for the toaster manually.
• Define an adhoc rule in the Revenue Price Profile to include the toaster.

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?

• Wether Dynamic Combination Creation Allowed is enabled
• The value sets
• The Query Required option
• The Displayed option
• The shape: Same nunmber of segments and order

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configureRevenue management to ensure that these items are grouped into one performance obligation?

• By defining a Revenue Item Group
• By defining a Standalone Selling Price Profile.
• By defining a Performance Obligation Template.
• By defining a Contact Identification Rule.

Which is NOT a Price Band Type?

• Amount Band
• Set Band
• Quantity Band
• Percentage Band

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.What is the name of this spreadsheet template?

• Customer Contract Source Documents Import
• Customer Sales Source Data Import
• Customer Contract Source Data Import
• Customer Sales Data Source Documents Import