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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation implementedFusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outsidethe range of salary configured in the grade rate attached to the salary basis.
D) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

2. You client has a requirement that allows a salary adjustment based on the numberof dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called
"Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)

A) It is not possible to achieve this, because only the delivered salary components can be used.
B) The Compensation Models
C) The Salary Component Lookup
D) The Configure Compensation Component task in Manage plans

3. 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 minus all the deductions calculated 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 for the run.
D) Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.

4. Which two are element classification types? (Choose two.)

A) Primary
B) Secondary
C) Global
D) US-only
E) International

5. You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A) Minimum, Maximum, Mid Point, and Value
B) Minimum, Maximum, and Value
C) Minimum, Maximum, Mid Point, or Value
D) Minimum, Maximum, or Value

Solutions: