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1. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
A) The above scenario does not stand true as the item can be deleted.
B) More than one administrator might be using the item and, therefore, it cannot be deleted.
C) Before deleting the item, you must configure a zero value behavior for the item.
D) The item cannot be deleted, because it is attached to a category.
2. Which item regarding plan access is not true?
A) Compensation administrators have access to all plan configuration tasks for all plans.
B) A compensation administrator's general access can be overridden using roles.
C) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
D) A compensation administrator's general access cannot be overridden.
3. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.
A) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
B) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
C) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
D) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
E) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
4. Identify the correct option regarding the Payroll element details in the compensation history setup.
A) Any payroll element can be added and all other details are auto-populated including the history category.
B) Any payroll element can be added and all other details are auto-populated excluding the history category.
C) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
5. A corporation has implemented Oracle Fusion Compensation Management 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 actions possible.
A) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
D) The plan setup is always for HR to take 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.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |
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