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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Use Fast Formulas instead of existing application code to obtain non-standard results.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
E) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.

2. 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 growth rate shown in the details shows both cumulative and average annual salary growth rates.
B) The base rate shown in the previous years is the pay rate on 31 December of each year.
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 salary section is the most recent pay rate.

3. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Access of a model is limited only to the creator of the model.
B) Managers cannot share a model created by them.
C) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D) A model can be shared with the direct reports of the creator.
E) Managers can create their own models and use them.
F) Managers can use a model created by compensation professionals.

4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Filter the edits and upload only the edited fields.
B) Download and authenticate workbooks.
C) Edit the workbook data.
D) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
E) Repeat the steps as many times as necessary to accommodate the revisions.
F) Resolve errors created by the uploaded file.

5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
B) Compensation items cannot be used across statement definitions.
C) Compensation items can be added to statement definitions directly.
D) Compensation items are the foundation upon which the Compensation Statement is built.
E) Compensation items are added to a compensation category to include them in statements.

Solutions: