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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

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

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

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

4. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
B) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
C) Active plans are always shown in read-only mode once it is past the eligibility determination date.
D) Active plans are always shown in read-only mode until the Worksheet update period starts.

5. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
B) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
C) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
D) Set up a salary basis and restrict the eligibility to the required roles.

Solutions: