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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A) Manage Stock Grants >> Import Items
B) Manage Stock Grants >> Prepare Import Spreadsheet
C) Manage Stock Grants >> Import Category
D) Manage Stock Grants >> Import Source

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

3. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

A) No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
B) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
C) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager
2 will decrease to 8%.
D) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager
3 will decrease to 8%.

4. Your customer must use Grade Ladders to suitthe industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

A) by using steps and rate values
B) by associating the Grade Ladders with legal entities
C) byusing Min, Max, and Mid Point rate values
D) by using LDG-specific Grade Min, Max, and Mid Point rate values

5. 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 one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.
B) 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.
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 Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.

Solutions: