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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. What is the relationship between Net Pay and Earnings? (Choose the best answer.)
A) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
B) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
C) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
D) Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)
A) Input Value
B) Deduction Range
C) Payroll Balance
D) Element Entry
E) Formula
F) Benefit Balance
3. A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)
A) Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
4. Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case?
(Choose the best answer.)
A) Fast-formula-based eligibility profile
B) Derived-factor-based eligibility profile
C) Employment-criteria-based eligibility profile
D) User-defined-criteria-based eligibility profile
5. While validating the Workforce Compensation Plan Setup, the compensation administrator encounters the following Warning: "At least one column that adjusts salary is enabled but no components to be posted assalary are selected." What should the compensation administrator do to eliminate this warning? (Choose the best answer.)
A) In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Percentage of Eligible Salary Column Properties, add an Element.
B) In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab andenable Compensation Amount.
C) In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Eligible SalaryColumn Properties, select Yes for Post as Salary.
D) In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and enable Eligible Salary.
E) In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Compensation Amount Column Properties, select Yes for Post as Salary.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D,E,F | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: E |

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