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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)

A) Create Element Eligibility with the Grade and Position parameters.
B) Create an element without defining Element Eligibility.
C) Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
D) Create Element Eligibility with the department and specific payroll parameters.

2. Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonusesare awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A) Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respectiveElements with the respective Categories.
B) Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.
C) Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.
D) Create one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.

3. An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

A) weekly, because the employee is on a weekly payroll
B) hourly, because the employee has hourly pay
C) annually, because the history must always be shown with annual amounts
D) the frequency of theemployee's salary basis

4. A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regardingthe Calculation Factors? (Choose two.)

A) The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
B) Calculation Factors indicate which deduction range to use when calculating the deduction amount.
C) The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
D) Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.

5. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A) Manage Stock Grants >> Import Items
B) Manage Stock Grants >> Import Source
C) Manage Stock Grants >> Prepare Import Spreadsheet
D) Manage Stock Grants >> Import Category

Solutions: