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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The Budget Pool Storage Method selected is "Amount." Oneof the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)

A) The published budgets is always a percentage of the total budget pool.
B) The published amounts stay with the manager when workers are reassigned or their eligibility changes.
C) The published budgets change whena manager's total eligible salary changes, such as when workers eligibility changes.
D) The published budgets change when a manager's total eligible salary changes, such as when workers are reassigned.

2. A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A) Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the optionssuch that any payroll element can be associated with only one plan and option.
B) Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profilesassociated, and use different payroll elements for each of them.
C) Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
D) Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.

3. During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

A) The manager does not have access to the plan.
B) The manager will have read-only access.
C) The available budget becomes negative when the manager makes allocations.
D) The manager can manually allocate some budget for his team.

4. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A) Compensation items with sources belonging to different legal employers cannot be added.
B) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
C) The statement definition acts as a template and determines the layout and content of the generated statement.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) The statement definition consists of compensation items added to compensation categories.

5. Your customer wants to configure a workforce compensation plan with multiple cycles.Identify two correct statements about plan cycles. (Choose two.)

A) A plan can have multiple compensation cycles, each with same period dates.
B) A plan can have multiple compensation cycles, each with unique period dates.
C) You can duplicate a cycleand specify the number of months to advance all dates.
D) Each plan that requires a different cycle must be created manually.

Solutions: