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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?
A) Compensation Category
B) Compensation Item
C) Compensation Statement Definition
D) Compensation Source
2. 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) Market adjustment due to salary being out of line with the market
B) Regular and automatic adjustment
C) Equity adjustment to correct salary compression or inversion
D) Adjustment due to corrections within the organization
3. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?
A) Reply
B) Accept
C) Dismiss
D) Reject
4. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?
A) The lower-level manager's access level is changed to "Approved."
B) The worksheet goes to next level for approval.
C) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
D) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
5. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
C) Use Fast Formulas instead of existing application code to obtain non-standard results.
D) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
E) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,D | Question # 3 Answer: A | Question # 4 Answer: A,C,D | Question # 5 Answer: A,B,D |






