Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)

A) the Start Compensation Cycle process
B) the Validate Plan Setup process
C) the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
D) the Refresh Data process

2. A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.
What kind of salary basis must be associated with the employee? (Choose the best answer.)

A) One salary basis for each assignment and one of them can be used for the employment terms
B) One salary basis for allassignments and employment terms
C) One salary basis for each employment terms and one of them can be used for assignment
D) A different salary basis associated with each assignment or employment term.

3. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choosethree.)

A) Predefined primary classifications cannot be removed or changed.
B) Primary classifications are provided mainly to reflect tax legislation.
C) Predefined secondary classifications can be removed or changed.
D) Elements can have multiple primary and multiple secondary classifications.
E) Secondary classifications are subsets of the primary classifications.

4. An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process ofconfiguring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)

A) The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
B) After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
C) Workers in the UK need to refresh their statements in order to see the updated display name.
D) The Compensation Category display name is specific to a Statement Definition.

5. A corporation is implementing Oracle Fusion Workforce Compensation and needs toset up compensation history.
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

A) Compensation history displays six categories of compensation.
B) Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
C) The summary in the compensation history shows the data for only five years.
D) Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

Solutions: