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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

2. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps wouldhe or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)

A) Download and authenticate workbooks.
B) Edit the workbook data.
C) Repeat the steps as many times asnecessary to accommodate the revisions.
D) Resolve errors created by the uploaded file.
E) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
F) Filter the editsand upload only the edited fields.

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

4. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A) Compensation amounts Selection
B) Compensation Organization Selection
C) Compensation Item Selection
D) Compensation Person Selection
E) Compensation CurrencySelection

5. 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) 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.
B) The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
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.

Solutions: