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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) 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.
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) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

2. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
B) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
C) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.

3. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Formula
B) Benefit Balance
C) Payroll Balance
D) Element Entry
E) Input Value
F) Deduction Range

4. 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

5. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
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) Compensation start date and Compensation end date are individual Compensation Plan Formula types.

Solutions: