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

2. A corporation has implementedOracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements?
(Choose four.)

A) Input values
B) Deduction group
C) Flat amount
D) Balance feeds
E) Wage basis rules
F) Elements
G) References for calculation factors

3. Per your client's policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.
You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)

A) Limited
B) Eligible
C) Provisional
D) Ineligible
E) Restricted

4. Which statement is correct about secondary element classifications? (Choose the best answer.)

A) They are user-defined and can be edited.
B) They are predefined andcan be edited.
C) They are user-defined and cannot be edited.
D) They are predefined and cannot be edited.

5. An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process ofconfiguring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)

A) The Compensation Category display name is specific to a Statement Definition.
B) Workers in the UK need to refresh their statements in order to see the updated display name.
C) After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
D) The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.

Solutions: