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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) General information
B) Costing
C) Auto indirect rules
D) Input values
E) Status processing rules
F) Retroactive components

2. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
B) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
C) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
D) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

3. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Market adjustment due to salary being out of line with the market
B) Equity adjustment to correct salary compression or inversion
C) Adjustment due to corrections within the organization
D) Regular and automatic adjustment

4. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
C) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
D) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

5. 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 range groups
B) Deduction overrides
C) Deduction range Values
D) Deduction ranges

Solutions: