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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your customer wants to limit contributions to a particular individual compensation plan to workers with at leasta year of service. How should you accomplish this? (Choose the best answer.)

A) Use a fast formula to restrict access to the plan.
B) Create a derivedfactor, and then create the eligibility profile and plan.
C) Create user-defined criteria, and then create the eligibility profile and plan.
D) Create a relevant eligibility profile and associate it with the plan.
E) Create an eligibility profile with the exclude option and associate it with the plan

2. Your customer wants to configure a workforce compensation plan with multiple cycles.Identify two correct statements about plan cycles. (Choose two.)

A) A plan can have multiple compensation cycles, each with unique period dates.
B) You can duplicate a cycleand specify the number of months to advance all dates.
C) Each plan that requires a different cycle must be created manually.
D) A plan can have multiple compensation cycles, each with same period dates.

3. Which three statements are true about individual compensation plans? (Choose three.)

A) Individual compensation plans arenecessary for payment of items such as spot bonus.
B) Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
C) Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
D) A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
E) Individual compensation plans are not necessary for payment of items such as spot bonus.

4. Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)

A) Publish budgets manually.
B) Copy budget amounts from a previous cycle.
C) Publish budgets automatically by running the Build Model process.
D) Use a model to distribute budgets.

5. Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stoppedonly during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)

A) The individual compensation plan must be set up with thefollowing restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30
B) The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw Allocations: Specific period Sep 1 - Sep 30
C) The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1-Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30
D) The individual compensation plan must be set up with "NO" for plan access restriction.

Solutions: