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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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, Mid Point, and Value
D) Minimum, Maximum, and Value

2. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set ofactivities in sequence.
Select the correct sequence to construct a total compensation statement. (Choose the best answer.)

A) Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items tocompensation categories > generate the statement.
B) Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
C) Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.
D) Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.

3. An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statementsare true when configuring the items? (Choose two.)

A) Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
B) Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
C) Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
D) Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

4. Your customer is planning to configure an Individual Compensation Company Car Plan to include only the Sales department employees. The customer alsowants to restrict luxury model vehicles to executive positions.
Which three statements are true about accomplishing this? (Choose three.)

A) You can attach eligibility profiles with Plan, Option, or both.
B) Create an eligibility profile to include the Sales department and the executive positions and attach it to Company Car Plan and the Luxury models option.
C) You cannot achieve this because you cannot attach eligibility profiles with Plan and Option.
D) Createan eligibility profile to include executive positions and attach it to Company Car Plan.
E) Create an eligibility profile to include only the Sales department and attach it to Company Car Plan.
F) Createan eligibility profile to include the executive positions and attach it to the Luxury models option.

5. A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown whileconfiguring salary basis comes from which level? (Choose the best answer.)

A) From the Organization payment level,because the compensation is finally paid through this
B) From the Bank account level
C) From the input value of the payroll element
D) From the Legislative Data Group level, because that is the highest level in the hierarchy.

Solutions: