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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A) Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the optionssuch that any payroll element can be associated with only one plan and option.
B) Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profilesassociated, and use different payroll elements for each of them.
C) Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
D) Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.

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

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

4. A compensation manager of a corporation is setting up a new salary basis for the employees.
Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)

A) Payroll elements of any classification type can be attached to a salary basis.
B) Multiple payroll elements can be attached a salary basis.
C) Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
D) Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.

5. While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
What could have been the possible reasons for this? (Choose the best answer.)

A) You may have forgotten to save the changes made.
B) Network connectivity issue may have hindered your data being sent to the server.
C) You do not have the privileges to change Stock Details.
D) Another administrator might have accessed these settings after you have saved it.

Solutions: