Question 1

An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statements are true about configuring Compensation Items for a Compensation Statement? (Choose three.)

Options :

A : Currency can be used as Context when implementing the source type for such Items.

B : Effective Date can be used as Context when implementing the source type for such Items.

C : Legislative Data Group ID can be used as Context when implementing the source type for such Items.

D : Manager ID can be used as Context when implementing the source type for such Items.

E : Person ID can be used as Context when implementing the source type for such Items.

Answer: A,B,C

Question 2

You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

Options :

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 : Analyze plan results.

E : Run processes to initiate a compensation cycle.

Answer: A,B

Question 3

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 4

How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

Options :

A : a mix of element eligibility and eligibility profiles

B : through element eligibility only, never with eligibility profiles

C : with the eligibility profiles, never through element eligibility

D : either with eligibility profiles or through element eligibility

Answer: A

Question 5

Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)

Options :

A : Assignment and Routing Policies

B : Escalation and Expiration Policies

C : Approval and Rejection Policies

D : Notification Settings

E : Data Driven Routing

Answer: A,D