A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation
history.
Identify the three correct options regarding the various compensations shown in the history. (Choose
three.)
A. Compensation history displays six categories of compensation.
B. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
D. The summary in the compensation history shows the data for only five years.
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature? (Choose the best answer.)
A. Set the preferred currency in the worksheet.
B. Enable Currency Switching.
C. Display the corporate currency.
D. Use fast formula to display the employee currency using conversion rates.
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple
elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choose three.)
A. Primary classifications are provided mainly to reflect tax legislation.
B. Secondary classifications are subsets of the primary classifications.
C. Predefined primary classifications cannot be removed or changed.
D. Predefined secondary classifications can be removed or changed.
E. Elements can have multiple primary and multiple secondary classifications.
You are creating 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, Mid Point, or Value
C. Minimum, Maximum, and Value
D. Minimum, Maximum, or Value
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement. (Choose the best answer.)
A. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.
B. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.
C. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
D. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement
definition.
In the workforce compensation work area, the Manager's Worksheet Status is "In Approvals". What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)
A. A budget was published to the manager.
B. The manager submitted his or her worksheet for approval.
C. The first-level manager approved the manager's worksheet.
D. The highest-level manager or approver in the approval hierarchy approved the manager's worksheet.
E. The manager saved some changes to his or her worksheet.
The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
A. It backs out started and processed events for participants.
B. It removes unneeded transaction data from prior plan cycles.
C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
D. It backs out unrestricted events for participants.
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
A. Compensation Currency Selection
B. Compensation Organization Selection
C. Compensation Item Selection
D. Compensation Person Selection
E. Compensation amounts Selection
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
B. Override line manager allocations, job changes, and performance ratings.
C. Maintain currency rates and access to plans from the watchlist.
D. Override line manager allocations, job changes, and performance ratings.
E. Analyze plan results.
F. Run processes to initiate a compensation cycle.
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)
A. Element Entry
B. Benefit Balance
C. Formula
D. Payroll Balance
E. Deduction Range
F. Input Value
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