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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amountas one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

A) Database items are created by default for the element input values.
B) Select "Pay Separately" as the "Special Purpose" option.
C) Create an "Amount" input value at the element eligibility link level.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.

2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

A) Monetary, Timestamp, Boolean
B) Monetary, Nonmonetary, Timestamp, Text
C) Monetary, Nonmonetary, Date,Boolean
D) Monetary, Nonmonetary, Date, Text

3. A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)

A) The base rate shown in the previous years is the pay rate on 31 December of each year.
B) The base rate shown in the salary section is the average of the pay rate for the entire year.
C) The base rate shown in the salary section is the most recent pay rate.
D) The growth rate shown in the details shows both cumulative and average annual salary growth rates.

4. Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A) Salary Component
B) Plan Eligibility
C) Action and Action Reasons
D) Plan Access
E) Budget Pools

5. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)

A) Managers can create their own models and use them.
B) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
C) Access of a model is limited only to the creator of the model.
D) A model can be shared with the direct reports of the creator.
E) Managers cannot sharea model created by them.
F) Managers can use a model created by compensation professionals.

Solutions: