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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

A) If user access should be based on career levels or earnings thresholds
B) if there should be a "white list" name criteria for access to the plan
C) if there should be a time period in which a user can create, update, or discontinue allocations or contributions
D) If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
E) whether or not to restrict access to the plan at all
F) if planaccess should be related to HR actions

2. Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)

A) Approval and Rejection Policies
B) Escalationand Expiration Policies
C) Notification Settings
D) Data Driven Routing
E) Assignment and Routing Policies

3. While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

A) Detail table
B) Actions
C) Summary
D) Worker List
E) Budgeting
F) Comments
G) Information

4. While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)

A) Detail table
B) Actions
C) Summary
D) Worker List
E) Information

5. A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
* Name: Variable component
* Restrict plan access: Yes
* Action: Manage Contributions
* Access Level: New
* Allocations: Always Allow
* Update Allocations: Never Allow
* Discontinue Allocations:"Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)

A) The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.
B) The plan setup is always for HR totake actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
C) All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.
D) Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.

Solutions: