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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)

A) Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the StartCompensation Cycle process.
B) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
C) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.
D) Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
E) Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plandetails, Run the Start Compensation Cycle process.

2. You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

A) Run processes to initiate a compensation cycle.
B) Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
C) Override line manager allocations, job changes, and performance ratings.
D) Maintain currency rates and access to plans from the watchlist.
E) Override line manager allocations, job changes, andperformance ratings.
F) Analyze plan results.

3. A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct optionsregarding approval setup. (Choose four.)

A) Expiry, Escalation, and renew settings are possible for notifications.
B) Task attachments cannot be sent using email notifications.
C) The notifications sent to the approvers can be made actionable.
D) Reminders can be set for a fixed duration either before expiration or after assignment.
E) Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.

4. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)

A) Integrate with Oracle Fusion Goal Management.
B) Use compensation performance ratings.
C) Integrate with Oracle Fusion Profile Management.
D) Use both Performance Management ratings and compensation ratings.
E) Integrate with Oracle Fusion Performance Management.

5. What is the maximum number andkind of items that you can add when defining a custom category? (Choose the best answer.)

A) three custom columns
B) three subcategories
C) three items
D) five custom columns

Solutions: