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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A) Minimum, Maximum, Mid Point, and Value
B) Minimum, Maximum, or Value
C) Minimum, Maximum, Mid Point, or Value
D) Minimum, Maximum, and Value

2. The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

A) by deselecting the Change Worksheet Data triggering event in the dynamic column
B) by deselecting the Start Compensation Cycle triggering event in the dynamic column
C) by setting up the properties of the column as updatable only once
D) by deselecting the Refresh Data triggering event in the dynamic column

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

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

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

5. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

A) Manage Stock Grants >> Prepare Import Spreadsheet
B) Manage Stock Grants >> Import Items
C) Manage Stock Grants >> Import Source
D) Manage Stock Grants >> Import Category

Solutions: