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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which three statements are true regarding plan cycles? (Choose three.)

A) You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.

2. As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

A) An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
B) An employee transfers into your organization.
C) A loaned employee in your organization returns after assignment completion.
D) An intern in your organization gets his place confirmed as an employee.
E) An employee leaves an organization.
F) A contingent employee becomes a regular employee.

3. Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

A) Text
B) Monetary Values
C) Dates
D) Non Monetary Values
E) morethan one nonmonetary unit of measure

4. During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

A) The manager will have read-only access.
B) The manager does not have access to the plan.
C) The available budget becomes negative when the manager makes allocations.
D) The manager can manually allocate some budget for his team.

5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)

A) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
B) Compensation items are the foundation upon which the Compensation Statement is built.
C) Compensation items cannot be used across statement definitions.
D) Compensation items can be added to statement definitions directly.
E) Compensation items are added to a compensation category to include them in statements.

Solutions: