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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Salary Basis
B) Formula
C) Payroll Element
D) BenefitBalance

2. Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonusesare awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A) Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respectiveElements with the respective Categories.
B) Create one Compensation Category as Bonus and specify thesource type as Element Entry. Associate the three elements with the Compensation Category.
C) Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.
D) Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the CompensationItem.

3. 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) Element Entry
B) Benefit Balance
C) Formula
D) Deduction Range
E) Input Value
F) Payroll Balance

4. Identify the three choices available when configuring approvals. (Choose three.)

A) Approval mode
B) Alternate approver hierarchy
C) Submit mode
D) Auto Approval

5. Your customer must use Grade Ladders to suitthe industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

A) byusing Min, Max, and Mid Point rate values
B) by associating the Grade Ladders with legal entities
C) by using steps and rate values
D) by using LDG-specific Grade Min, Max, and Mid Point rate values

Solutions: