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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
A) More than one administrator might be using the item and, therefore, it cannot be deleted.
B) Before deleting the item, you must configure a zero value behavior for the item.
C) The above scenario does not stand true as the item can be deleted.
D) The item cannot be deleted, because it is attached to a category.
2. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
B) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.
3. 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) Market adjustment due to salary being out of line with the market
C) Adjustment due to corrections within the organization
D) Equity adjustment to correct salary compression or inversion
4. A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.
A) The Base rate shown in the salary section is the most recent pay rate.
B) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
C) The Base rate shown in the salary section is the average of the pay rate for the entire year.
D) The base rate shown in the previous years is the pay rate on 31 December of each year.
5. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
A) Enable currency switching
B) Use fast formula to display the employee currency using conversion rates
C) Display the corporate currency
D) Set the preferred currency in the worksheet
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C,D | Question # 3 Answer: A,B,C | Question # 4 Answer: A,C,D | Question # 5 Answer: A |
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