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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
C) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
D) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.

2. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Contribution Type and Unit of Measure
B) Statement definitions
C) Category Detail
D) Category Type
E) Compensation Items
F) Level of detail

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

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

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

Solutions: