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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or notfound is allowed." What is the cause of the error? (Choose the best answer.)

A) incorrect operator usage
B) syntax error
C) misuse of context
D) uninitialized variable

2. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)

A) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
B) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

3. Identify the four components that can be included in a fast formula. (Choose four.)

A) Comments
B) Symbolic variables
C) Assignment statements
D) Input statement
E) Conditions
F) Output statement

4. A corporation implementedFusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outsidethe range of salary configured in the grade rate attached to the salary basis.

5. Which item is false regarding plan access? (Choose the best answer.)

A) Compensation administrators have access to all plan configuration tasks for all plans.
B) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
C) A compensation administrator's general access can be overridden using roles.
D) A compensation administrator's general access cannot be overridden.

Solutions: