Question 1

Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

Options :

A : Compensation Currency Selection

B : Compensation Organization Selection

C : Compensation Item Selection

D : Compensation Person Selection

E : Compensation amounts Selection

Answer: A,C

Question 2

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensationhistory.Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

Options :

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.

Answer: B,C,D

Question 3

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

Options :

A : Dates

B : Monetary Values

C : more than one nonmonetary unit of measure

D : Non Monetary Values

E : Text

Answer: A,D

Question 4

Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

Options :

A : Create a relevant eligibility profile and associate it with the plan.

B : Create user-defined criteria, and then create the eligibility profile and plan.

C : Create a derived factor, and then create the eligibility profile and plan.

D : Create an eligibility profile with the exclude option and associate it with the plan

E : Use a fast formula to restrict access to the plan.

Answer: A

Question 5

A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individualcompensation plan for a contribution. This contribution has to be approved by the four members in parallel.Identify the correct option regarding parallel approvals. (Choose the best answer.)

Options :

A : Parallel approvals are not fully supported, but notifications can be sent to all members in parallel using the list builder resource option and configuring Application Role. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.

B : Parallel approvals are supported by configuring the Application role option in the Resource list builder. Only after all the approvers approve will the process end.

C : Parallel approvals are supported and can be configured using Static approval groups. Only after all the approvers approve will the process end.

D : A parallel approval option is not available and any approval configured is always sequential.

Answer: C