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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)

A) Publish budgets manually.
B) Copy budget amounts from a previous cycle.
C) Publish budgets automatically by running the Build Model process.
D) Use a model to distribute budgets.

2. Which five tasks can be performed by a compensation manager? (Choose five.)

A) Allocate compensation.
B) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
C) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
D) Promote and rate worker performance while allocating compensation.
E) Review and approve work of Superior Manager.
F) Determine compensationamounts offline by downloading details to a spreadsheet.

3. Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)

A) 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.
B) 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).
C) 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).
D) 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).

4. A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A) For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
B) Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.
C) The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
D) The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum ofall the components of the salary basis multiplied by 12.

5. You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)

A) Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plandetails, Run the Start Compensation Cycle process.
B) Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the StartCompensation Cycle process.
C) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
D) Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
E) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.

Solutions: