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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition consists of compensation items added to compensation categories.
C) Edits to compensation categories affect all statement definitions that use that category.
D) The statement definition acts as a template and determines the layout and content of the generated statement.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

2. A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)

A) The base rate shown in the salary section is the most recent pay rate.
B) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
C) The base rate shown in the previous years is the pay rate on 31 December of each year.
D) The base rate shown in the salary section is the average of the pay rate for the entire year.

3. Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways canthe compensation currency be displayed? (Choose three.)

A) Each employee's local currency
B) Preferred currency
C) The corporate currency
D) Only one currency can be displayed

4. A corporation implementedFusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

A) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outsidethe range of salary configured in the grade rate attached to the salary basis.

5. Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

A) Request excess budget allocation from the manager above him.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
D) Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.

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