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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Job Level
C) Position
D) Management Chain
E) Supervisory
F) Resource

2. You are responsible forconfiguring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

A) You can associate each payroll element with multiple plans and options.
B) You can associate each option with the same payroll element and input value.
C) You can associate each payroll element with only one plan and option.
D) You can associate each payroll element with one option but with multiple plans.
E) You can associate each option with only one payroll element and input value.

3. Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A) Action and Action Reasons
B) Plan Eligibility
C) Plan Access
D) Budget Pools
E) Salary Component

4. Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A) the date when merit increases are awarded to workers
B) the date that statements become available toworkers
C) an optional welcome message
D) the conversion rate date for currency conversions
E) the date when bonus is awarded to workers

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

Solutions: