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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)

A) Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
B) Active plans are always shown in read-only mode until the Worksheet update period starts.
C) Active plans are always shown in read-only mode once it is past the eligibility determination date.
D) Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

2. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)

A) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.

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

4. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)

A) Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
B) Enable components and create a component linked to the budget pool (Configure Compensation Components).
C) Enable components and create at least one component (Configure Compensation Components).
D) Enable the Communications tab type (Configure Worksheet Page Layout).

5. Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

A) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
D) Request excess budget allocation from the manager above him.

Solutions: