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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)

A) Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
B) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
C) Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
D) Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
E) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.

2. As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A) Compensation Category
B) Compensation Source
C) Compensation Statement Definition
D) Compensation Item

3. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choosethree.)

A) Primary classifications are provided mainly to reflect tax legislation.
B) Predefined primary classifications cannot be removed or changed.
C) Secondary classifications are subsets of the primary classifications.
D) Predefined secondary classifications can be removed or changed.
E) Elements can have multiple primary and multiple secondary classifications.

4. When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or notfound is allowed." What is the cause of the error? (Choose the best answer.)

A) uninitialized variable
B) syntax error
C) misuse of context
D) incorrect operator usage

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 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.
B) 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.
C) 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.
D) 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.
E) 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.

Solutions: