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1. Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)
A) If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
B) If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
C) If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
D) If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
E) If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
2. Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
A) Fully Approved
B) Processed
C) Unprocessed
D) Started
E) Submitted
F) Budget Available
G) Closed
H) Partially approved
3. A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)
A) the Refresh Data process
B) the Start Compensation Cycle process
C) the Validate Plan Setup process
D) the Start Compensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
4. Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
A) by using LDG-specific Grade Min, Max, and Mid Point rate values
B) by using steps and rate values
C) by associating the Grade Ladders with legal entities
D) by using Min, Max, and Mid Point rate values
5. 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.)
A) Legislative Data Group ID can be used as Context when implementing the source type for such Items.
B) Manager ID can be used as Context when implementing the source type for such Items.
C) Person ID can be used as Context when implementing the source type for such Items.
D) Currency can be used as Context when implementing the source type for such Items.
E) Effective Date can be used as Context when implementing the source type for such Items.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,E,F | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A,D,E |
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