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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

A) You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.
B) You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
C) You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
D) You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
E) You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

2. The Budget Pool Storage Method selected is "Amount." Oneof the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)

A) The published budgets is always a percentage of the total budget pool.
B) The published budgets change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published amounts stay with the manager when workers are reassigned or their eligibility changes.
D) The published budgets change whena manager's total eligible salary changes, such as when workers eligibility changes.

3. The compensation manager wants to run the batch process to start thecompensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

A) It backs out unrestricted events for participants.
B) It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
C) It backs out started and processed events for participants.
D) It removes unneeded transaction data from prior plan cycles.

4. A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was createdto capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.
Identify the option that willenable the DBI to return all the input variables. (Choose the best answer.)

A) Delete the existing element link and create a new element link, which will automatically create all four input values.
B) Create a new element from scratch.
C) This scenario cannot be implemented.
D) Create status processing rules for the input values.

5. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature?(Choose the best answer.)

A) Use fast formula to display the employee currency using conversion rates.
B) Enable Currency Switching.
C) Set the preferred currency in the worksheet.
D) Display the corporate currency.

Solutions: