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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Edits to compensation categories affect all statement definitions that use that category.
B) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
C) The statement definition acts as a template and determines the layout and content of the generated statement.
D) Compensation items with sources belonging to different legal employers cannot be added.
E) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
F) The statement definition consists of compensation items added to compensation categories.

2. 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) No new Grade rate can be created.
B) 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.
C) A new Grade rate can be created and the Salary basis can be modified to include it.
D) 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.

3. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Legislative Information
B) Compensation History
C) AssignmentTables
D) Person Attributes

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

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

5. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Plan Access
B) Action and Action Reasons
C) Budget Pools
D) Salary Component
E) Plan Eligibility

Solutions: