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1. Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)
A) Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.
B) Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.
C) Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.
D) Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.
2. Which two tasks are performed by compensation managers while determining budgets? (Choose two.)
A) With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
B) Determine budget amounts offline by downloading budget details to a spreadsheet.
C) Manually calculate budget amounts or automatically determine budget amounts by using a model.
D) Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
3. A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)
A) A new Grade rate can be created and the Salary basis can be modified to include it.
B) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) No new Grade rate can be created.
4. A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements? (Choose four.)
A) Elements
B) Input values
C) Wage basis rules
D) References for calculation factors
E) Balance feeds
F) Deduction group
G) Flat amount
5. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)
A) Enable components and create a component linked to the budget pool (Configure Compensation Components).
B) Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
C) Enable components and create at least one component (Configure Compensation Components).
D) Enable the Communications tab type (Configure Worksheet Page Layout).
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,D | Question # 3 Answer: C | Question # 4 Answer: A,C,D,F | Question # 5 Answer: A |
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