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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
B) The summary in the compensation history shows the data for only five years.
C) Compensation history displays six categories of compensation.
D) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.

2. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
B) From the input value of the payroll element
C) From the organization payment level, because the compensation is finally paid through this
D) From the Bank account level

3. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option selected can allow multiple entries in the same period.
C) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

4. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Regular and automatic adjustment
B) Adjustment due to corrections within the organization
C) Market adjustment due to salary being out of line with the market
D) Equity adjustment to correct salary compression or inversion

5. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Use the sort feature in the worksheet to control this.
B) Control the population by using eligibility profiles.
C) This cannot be done once the population is finalized and the compensation cycle is started.
D) Use the Advanced Filter option in the worksheet to create a custom condition.

Solutions: