Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
Compensation Currency Selection
Compensation Organization Selection
Compensation Item Selection
Compensation Person Selection
Compensation amounts Selection
Correct answer: CE
Question 2
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.)
It backs out started and processed events for participants.
It removes unneeded transaction data from prior plan cycles.
It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
It backs out unrestricted events for participants.
Correct answer: C
Explanation:
Reference: http://www.erpknowledge.com/
Reference: http://www.erpknowledge.com/
Question 3
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 budget was published to the manager.
The manager submitted his or her worksheet for approval.
The first-level manager approved the manager’s worksheet.
The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
The manager saved some changes to his or her worksheet.