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

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

3. Identify the three choices when configuring approvals.

A) Alternative approve hierarchy
B) Approve mode
C) Auto approval
D) Submit mode

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

5. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Bank account level
B) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
C) From the input value of the payroll element
D) From the organization payment level, because the compensation is finally paid through this

Solutions: