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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer's compensation manager needs to know, what are the four valid statuses of the compensationworksheet? (Choose four.)

A) Closed
B) Fully Approved
C) Budget Available
D) Started
E) Processed
F) Unprocessed
G) Partially approved
H) Submitted

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 change whena manager's total eligible salary changes, such as when workers eligibility changes.
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 is always a percentage of the total budget pool.

3. A corporation has set up an individual compensation plan for a contribution towards a retirement benefit.
Thiscontribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)

A) Supervisory
B) Position
C) Resource
D) Job Level
E) Department Level
F) Management Chain

4. Performance Ratings are enabled in a compensationplan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

A) Review points with from and to points entered for the rating level.
B) Create a Rating Level for the rating model.
C) Populate Rating Categories for all rating levels.
D) Create Target Distributions for each of the rating levels.

5. Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

A) Request excess budget allocation from the manager above him.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
D) Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.

Solutions: