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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation implemented Oracle Fusion WorkforceCompensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)

A) No new Grade rate can be created.
B) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic.
Therefore, a new Salary Basis must be created with a new Grade rate.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) A new Grade rate can be created and the Salary basis can be modified to include it.

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

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

3. While configuring the Budget page, you are setting the properties of the Job column.
Which two sectionsare available in the properties for the Job column? (Choose two.)

A) Information
B) Default Value
C) Legal Employer
D) General

4. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A) Set up a salary basis and restrict the eligibility to the required roles.
B) Set up role-based security to the individual compensationwork area so that only managers are allowed.
C) They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
D) Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.

5. Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A) If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
B) If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
C) If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary andAnnual FT Salary are calculated by using that value.
D) If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
E) If the salary start date is after the current date (that is, it is a future-dated salary record), theFTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.

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