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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown whileconfiguring salary basis comes from which level? (Choose the best answer.)

A) From the Legislative Data Group level, because that is the highest level in the hierarchy.
B) From the input value of the payroll element
C) From the Bank account level
D) From the Organization payment level,because the compensation is finally paid through this

2. Yourcustomer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* WorksheetUpdate Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)

A) The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
B) The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
C) The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
D) The salary adjustment or lumpsum must be manually calculated and added for such workers.
E) Terminated workers should be excluded from being processed in Workforce Compensation plans.

3. You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A) Minimum, Maximum, or Value
B) Minimum, Maximum, Mid Point, or Value
C) Minimum, Maximum, Mid Point, and Value
D) Minimum, Maximum, and Value

4. Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)

A) Use a model to distribute budgets.
B) Copy budget amounts from a previous cycle.
C) Publish budgets automatically by running the Build Model process.
D) Publish budgets manually.

5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)

A) Compensation items can be added to statement definitions directly.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items cannot be used across statement definitions.
D) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
E) Compensation items are the foundation upon which the Compensation Statement is built.

Solutions: