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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Database items are created by default for the element input values.
B) Select "Pay Separately" as the "Special Purpose" option.
C) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
D) Create an "Amount" input value at the element eligibility link level.

2. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction overrides
B) Deduction ranges
C) Deduction range groups
D) Deduction range Values

3. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Resolve errors created by the uploaded file.
B) Filter the edits and upload only the edited fields.
C) Repeat the steps as many times as necessary to accommodate the revisions.
D) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
E) Download and authenticate workbooks.
F) Edit the workbook data.

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

5. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets can be separate for each component.
B) Multiple components cannot have a single budget.
C) Multiple components can have a single budget.
D) Budgets cannot be separate for each component.

Solutions: