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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment categoryemployees who work on weekly payroll.
Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)

A) creating status processing rules and setting up costing information at the status processing level
B) creatingan auto-indirect rule and setting up costing information at the auto-indirect level
C) creating an element eligibility link and setting up costing information at the link level
D) creating an input value and setting up costing information at the input value level

2. You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A) The task applies to selected allocations, usestwo levels of the Supervisory list builder, and requires a response from the current approver.
B) The task is only for notification and has no rules.
C) The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
D) The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

3. Which four tasks are part of Worksheet Configuration Options? (Choose four.)

A) Components
B) Plan cycles
C) Models
D) Performance ratings
E) Alerts
F) Compensation change statements

4. A corporation has set up an individual compensation plan for a contribution towards a retirement benefit.
Thiscontribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)

A) Department Level
B) Supervisory
C) Management Chain
D) Resource
E) Job Level
F) Position

5. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A) Compensation Source
B) Compensation Statement Definition
C) Compensation Item
D) Compensation Category

Solutions: