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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A) Compensation CurrencySelection
B) Compensation Item Selection
C) Compensation amounts Selection
D) Compensation Organization Selection
E) Compensation Person Selection

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

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

4. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)

A) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
B) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

5. Your customer must use Grade Ladders to suitthe industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

A) by using LDG-specific Grade Min, Max, and Mid Point rate values
B) by using steps and rate values
C) by associating the Grade Ladders with legal entities
D) byusing Min, Max, and Mid Point rate values

Solutions: