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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Plan Access
B) Refresh Manager Hierarchy
C) Refresh HR Data
D) Refresh Budget Pools
E) Reevaluate Eligibility
F) Refresh Plan Currency
G) Refresh Base and Eligible Salary

2. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Leave of Absence
B) Employee termination
C) Allocation exceeding target
D) Any custom alert

3. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
B) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
C) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
D) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
E) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details

4. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history displays six categories of compensation.
B) The summary in the compensation history shows the data for only five years.
C) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
D) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.

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) Set the preferred currency in the worksheet
C) Display the corporate currency
D) Use fast formula to display the employee currency using conversion rates

Solutions: