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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which three statements are true regarding Plan Cycles?

A) All active plans are available to be cross-referenced, even plans with no started cycles.
B) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.

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

3. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
B) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
C) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,

4. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Initiate budgets automatically by using the Start Compensation Cycle process.
B) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
C) Request excess budget allocation from the manager above him.
D) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

5. 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 Administrator
B) Compensation Manager
C) HR Specialist
D) Line Manager

Solutions: