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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?
A) Attach performance bonuses to similar compensation categories/subcategories.
B) Attach performance bonuses to similar compensation items.
C) Attach performance bonuses to similar sources.
D) Attach performance bonuses to similar elements.
2. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
A) Compensation Manager
B) Compensation Administrator
C) HR Specialist
D) Line Manager
3. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.
A) Salary basis is configured to be non-updatable.
B) No components are defined to handle these salary adjustments.
C) Automatic entry is checked for the payroll element used.
D) Automatic entry is checked at the element eligibility link for the payroll element used.
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) Fast Formulas support the business need when existing rules and parameters are adequate.
B) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
C) Use Fast Formulas instead of existing application code to obtain non-standard results.
D) "Working Storage Area" is not one of the components of Fusion Fast Formula.
E) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
5. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
A) Display the corporate currency
B) Enable currency switching
C) Set the preferred currency in the worksheet
D) Use fast formula to display the employee currency using conversion rates
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: A,B,D | Question # 5 Answer: B |
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