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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets manually.
B) Publish budgets automatically by running the Build Model process.
C) Use a model to distribute budgets.
D) Copy budget amounts from a previous cycle.

3. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) Before deleting the item, you must configure a zero value behavior for the item.
B) More than one administrator might be using the item and, therefore, it cannot be deleted.
C) The item cannot be deleted, because it is attached to a category.
D) The above scenario does not stand true as the item can be deleted.

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

5. 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) Leave of Absence
C) Allocation exceeding target
D) Employee termination

Solutions: