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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this?
(Choose the best answer.)

A) Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
B) Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run withthe "Full Back Out" option.
C) Purge Workforce Compensation Data can be run only for compensation plans that are valid for the future.
D) Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.

2. A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown whileconfiguring salary basis comes from which level? (Choose the best answer.)

A) From the Organization payment level,because the compensation is finally paid through this
B) From the input value of the payroll element
C) From the Bank account level
D) From the Legislative Data Group level, because that is the highest level in the hierarchy.

3. As compensation manager, you are creating a Salary and Bonus earnings compensationitem to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
Select the correct "Source Type". (Choose the best answer.)

A) BenefitBalance
B) Payroll Element
C) Formula
D) Salary Basis

4. While configuring the Budget page, you are setting the properties of the Job column.
Which two sectionsare available in the properties for the Job column? (Choose two.)

A) General
B) Legal Employer
C) Default Value
D) Information

5. A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
* Name: Variable component
* Restrict plan access: Yes
* Action: Manage Contributions
* Access Level: New
* Allocations: Always Allow
* Update Allocations: Never Allow
* Discontinue Allocations:"Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)

A) Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
B) The plan setup is always for HR totake actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
C) All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.
D) The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.

Solutions: