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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) The item cannot be deleted, because it is attached to a category.
B) More than one administrator might be using the item and, therefore, it cannot be deleted.
C) Before deleting the item, you must configure a zero value behavior for the item.
D) The above scenario does not stand true as the item can be deleted.

2. 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 they need not be configured to allow multiple entries in the same period.
B) 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.
C) Payroll elements of any classification type can be attached to a salary basis.
D) Multiple payroll elements can be attached a salary basis.

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

4. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
B) Your user role does not have access to view the plan.
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
E) The Compensation Administrator or equivalent role is not attached to your plan.

5. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Legal Employee
B) Default Value
C) General
D) Information

Solutions: