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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

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

2. While configuring the Budget page, you are setting the properties of the Job column.
Which two sectionsare available in the properties for the Job column? (Choose two.)

A) Information
B) General
C) Legal Employer
D) Default Value

3. An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)

A) Currency can be used as Context when implementing the source type for such Items.
B) Legislative Data Group ID can be used as Context when implementing the source type for such Items.
C) Effective Date can be used as Context when implementing the source type forsuch Items.
D) Manager ID can be used as Context when implementing the source type for such Items.
E) Person ID can be used as Context when implementingthe source type for such Items.

4. 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 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.
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 Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respectiveElements with the respective Categories.
D) Create one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.

5. Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

A) You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
B) You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.
C) You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
D) You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
E) You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.

Solutions: