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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
B) A new Grade rate can be created and the Salary basis can be modified to include it.
C) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
D) No new Grade rate can be created.

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

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) Use Fast Formulas instead of existing application code to obtain non-standard results.
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) "Working Storage Area" is not one of the components of Fusion Fast Formula.

4. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction range Values
B) Deduction range groups
C) Deduction ranges
D) Deduction overrides

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

Solutions: