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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency iscurrently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)

A) Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
B) Define a Category that includes the item and has currency defined as the IndianRupee.
C) Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
D) Define a formula that retrieves compensation and specifies currency as the Indian Rupee.

2. Contingent workers are ineligible as per the eligibility rules defined for your organization's compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the "Refresh Workforce Compensation Data" nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager's worksheet. How is this possible? (Choose the best answer.)

A) Track Ineligible Workers is selected in the compensation plan.
B) Show Ineligible Workers is selected in the compensation plan.
C) Process IneligibleWorkers is selected in the compensation plan.
D) Hide Ineligible Workers is selected in the compensation plan.

3. A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment categoryemployees who work on weekly payroll.
Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)

A) creating status processing rules and setting up costing information at the status processing level
B) creating an input value and setting up costing information at the input value level
C) creating an element eligibility link and setting up costing information at the link level
D) creatingan auto-indirect rule and setting up costing information at the auto-indirect level

4. As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

A) A contingent employee becomes a regular employee.
B) A loaned employee in your organization returns after assignment completion.
C) An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
D) An employee transfers into your organization.
E) An intern in your organization gets his place confirmed as an employee.
F) An employee leaves an organization.

5. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

A) Attach performance bonuses to similar compensation categories/subcategories.
B) Attach performance bonuses to similar elements.
C) Attach performance bonuses to similar sources.
D) Attach performance bonuses to similar compensation items.

Solutions: