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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Create an "Amount" input value at the element eligibility link level.
B) Database items are created by default for the element input values.
C) Select "Pay Separately" as the "Special Purpose" option.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.

2. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Use a model to distribute budgets.
B) Copy budget amounts from a previous cycle.
C) Publish budgets manually.
D) Publish budgets automatically by running the Build Model process.

3. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers can use a model created by compensation professionals.
B) Managers can create their own models and use them.
C) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D) Managers cannot share a model created by them.
E) Access of a model is limited only to the creator of the model.
F) A model can be shared with the direct reports of the creator.

4. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition acts as a template and determines the layout and content of the generated statement.
C) The statement definition consists of compensation items added to compensation categories.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

5. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
B) Multiple payroll elements can be attached a salary basis.
C) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
D) Payroll elements of any classification type can be attached to a salary basis.

Solutions: