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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)

A) the Refresh Data process
B) the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
C) the Validate Plan Setup process
D) the Start Compensation Cycle process

2. What happens when you define Workforce CompensationPlan components but the employees to whom the compensation change is being administered does not have any component in his or her salary? (Choose the best answer.)

A) The first component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.
B) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, ithas to be kept in mind that the plan components must have a direct mapping with the employee's salary components.
C) The sum of all components identified to be posted as salary is posted as a single salaryadjustment amount to the employee's salary record.
D) The last component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.

3. While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

A) Detail table
B) Comments
C) Actions
D) Budgeting
E) Information
F) Summary
G) Worker List

4. You have configured acompensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating whileallocating compensation. What happens in this case? (Choose the best answer.)

A) The rating will be available to only the plans where the same manager is involved.
B) The rating will be available inthe Performance document in the performance system.
C) The rating will be available to all plans that are currently active.
D) The rating will be available to only the plan where it is updated.

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

Solutions: