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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer wants to configure a workforce compensation plan with multiple cycles.Identify two correct statements about plan cycles. (Choose two.)

A) A plan can have multiple compensation cycles, each with unique period dates.
B) A plan can have multiple compensation cycles, each with same period dates.
C) You can duplicate a cycleand specify the number of months to advance all dates.
D) Each plan that requires a different cycle must be created manually.

2. As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)

A) Statement Definition Name
B) Compensation Category
C) Legal Employer
D) Statement Period

3. 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 Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.
C) Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.
D) 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.

4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps wouldhe or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)

A) Download and authenticate workbooks.
B) Filter the editsand upload only the edited fields.
C) Repeat the steps as many times asnecessary to accommodate the revisions.
D) Resolve errors created by the uploaded file.
E) Edit the workbook data.
F) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.

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

Solutions: