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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which two tasks are true aboutcomponents in worksheet configurations? (Choose two.)

A) You can create up to five components to represent the different types of compensation that you want to award within a plan.
B) Each component has to be of a separate type, such as salary or bonus.
C) There is the flexibility to add any number of components within a compensation plan.
D) Plans must have at least one component if awarding compensation.

2. When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A) You must use VariableAllocationTaskand not VariableAllocationFYITask.
B) You must use VariableAllocationFYITask and not VariableAllocationTask.
C) You must use VariableAllocationTask and edit the rules if using only for notification.
D) You may use either VariableAllocationTask and VarialbeAllocationFYITask

3. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)

A) Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
B) Active plans are always shown in read-only mode until the Worksheet update period starts.
C) Active plans are always shown in read-only mode once it is past the eligibility determination date.
D) Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

4. Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A) Application roles
B) Individual users
C) Groups
D) Duty roles

5. A corporation implemented Oracle Fusion WorkforceCompensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)

A) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic.
Therefore, a new Salary Basis must be created with a new Grade rate.
B) A new Grade rate can be created and the Salary basis can be modified to include it.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) No new Grade rate can be created.

Solutions: