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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)

A) Compensation items cannot be used across statement definitions.
B) Compensation items are the foundation upon which the Compensation Statement is built.
C) Compensation items are added to a compensation category to include them in statements.
D) Compensation items can be added to statement definitions directly.
E) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.

2. You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A) Minimum, Maximum, or Value
B) Minimum, Maximum, Mid Point, or Value
C) Minimum, Maximum, and Value
D) Minimum, Maximum, Mid Point, and Value

3. Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A) the date when merit increases are awarded to workers
B) the date that statements become available toworkers
C) the conversion rate date for currency conversions
D) the date when bonus is awarded to workers
E) an optional welcome message

4. The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

A) by deselecting the Change Worksheet Data triggering event in the dynamic column
B) by deselecting the Start Compensation Cycle triggering event in the dynamic column
C) by setting up the properties of the column as updatable only once
D) by deselecting the Refresh Data triggering event in the dynamic column

5. Your customer's compensation manager needs to know, what are the four valid statuses of the compensationworksheet? (Choose four.)

A) Partially approved
B) Submitted
C) Budget Available
D) Processed
E) Unprocessed
F) Started
G) Fully Approved
H) Closed

Solutions:

Question # 1 Answer: B,C

Question # 2 Answer: A

Question # 3 Answer: B,D,E

Question # 4 Answer: D

Question # 5 Answer: B,C,D,G