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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

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

2. Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A) Action and Action Reasons
B) Salary Component
C) Plan Access
D) Plan Eligibility
E) Budget Pools

3. 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) 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.
B) 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.
C) 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.
D) 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.

4. 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) Formula
C) Salary Basis
D) Payroll Element

5. A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cyclehas been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components? (Choose three.)

A) Equity adjustment to correct salary compression or inversion
B) Adjustment due to corrections within the organization
C) Market adjustment due to salary being out of line with the market
D) Regular and automatic adjustment

Solutions: