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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
1. Which three statements are true about payroll deductions? (Choose three.)
A) A payroll deduction comprises the rates and rules that are used to calculate the deductionamount.
B) Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
C) A personal deduction card contains person-specific information that is used to calculate the deduction amount.
D) The deduction element's status processing rule drivesthe calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.
E) The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.
2. As compensation manager, you are creating a Salary and Bonus earnings compensationitem to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
Select the correct "Source Type". (Choose the best answer.)
A) Formula
B) Payroll Element
C) Salary Basis
D) BenefitBalance
3. A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct optionsregarding approval setup. (Choose four.)
A) Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
B) Task attachments cannot be sent using email notifications.
C) The notifications sent to the approvers can be made actionable.
D) Reminders can be set for a fixed duration either before expiration or after assignment.
E) Expiry, Escalation, and renew settings are possible for notifications.
4. Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
* Working hours = 32 hours per week
* Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the bestanswer.)
A) Annual Salary = 41600, Annualization Salary = 41600
B) Annual Salary = 32280, Annualization Salary = 41600
C) Annual Salary = 52000, Annualization Salary = 41600
D) Annual Salary = 32280, Annualization Salary = 52000
5. 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 need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
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 have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
E) 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.
Solutions:
| Question # 1 Answer: A,B,D | Question # 2 Answer: C | Question # 3 Answer: A,C,D,E | Question # 4 Answer: A | Question # 5 Answer: A,B,D,E |
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