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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which item regarding plan access is not true?

A) Compensation administrators have access to all plan configuration tasks for all plans.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.

2. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) Only within the current compensation plan and the current cycle
B) To the current compensation plan and HR system
C) To the current compensation plan and the Performance Management system
D) Only within the current compensation plan and all cycles associated with it

3. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Download and authenticate workbooks.
B) Filter the edits and upload only the edited fields.
C) Edit the workbook data.
D) Resolve errors created by the uploaded file.
E) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
F) Repeat the steps as many times as necessary to accommodate the revisions.

4. A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
B) Use Fast Formulas instead of existing application code to obtain non-standard results.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Fast Formulas support the business need when existing rules and parameters are adequate.
E) Compensation start date and Compensation end date are individual Compensation Plan Formula types.

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: