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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
A) Compensation Item Selection
B) Compensation amounts Selection
C) Compensation Organization Selection
D) Compensation Person Selection
E) Compensation CurrencySelection
2. 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) annually, because the history must always be shown with annual amounts
B) weekly, because the employee is on a weekly payroll
C) the frequency of theemployee's salary basis
D) hourly, because the employee has hourly pay
3. Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)
A) Text
B) morethan one nonmonetary unit of measure
C) Dates
D) Non Monetary Values
E) Monetary Values
4. You client has a requirement that allows a salary adjustment based on the numberof dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called
"Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
A) The Configure Compensation Component task in Manage plans
B) The Salary Component Lookup
C) The Compensation Models
D) It is not possible to achieve this, because only the delivered salary components can be used.
5. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)
A) Compensation Statement Definition
B) Compensation Source
C) Compensation Category
D) Compensation Item
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: B | Question # 3 Answer: A,C,D | Question # 4 Answer: B | Question # 5 Answer: B |
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