Final answer:
Effective date in Oracle Fusion HCM enables you to maintain a history of data, specifies when the data goes into effect, and ensures data validity at a given point of time.
Step-by-step explanation:
The three valid statements regarding effective date in Oracle Fusion HCM are:
- Effective date enables you to maintain history of data. By setting an effective date, you can track changes to personal records over time, allowing you to maintain a historical record of data.
- Effective date specifies when the data goes into effect. When you set an effective date, that is the point in time when the person's record becomes active and valid.
- Effective date ensures that the data is valid at a given point of time. By setting an effective date, you can ensure that the data is accurate and applicable for a specific moment in time.