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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)

A) Submitted
B) In Approvals
C) Fully Approved
D) Work in Progress
E) Processed

2. Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonusesare awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A) Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.
B) Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.
C) Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respectiveElements with the respective Categories.
D) Create one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.

3. As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)

A) Compensation Analyst
B) Compensation Specialist
C) Compensation Manager
D) Compensation Executive

4. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track workexperience of people? (Choose the best answer.)

A) Derived -factor-based eligibility criteria using length of service
B) User-defined-criteria-based eligibility profile using hire date
C) Employment-based-eligibility-criteria using length of service
D) Employment-based eligibility criteria suing hire date

5. How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

A) through element eligibility only, never with eligibility profiles
B) either with eligibility profiles or through element eligibility
C) with the eligibility profiles, never through element eligibility
D) a mix of element eligibility and eligibility profiles

Solutions: