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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) No new Grade rate can be created.
B) A new Grade rate can be created and the Salary basis can be modified to include it.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.

2. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
B) The published amount stay with the manager when workers are reassigned or their eligibility changes.
C) The published budget is always a percentage of the total budget pool.
D) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.

3. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option selected can allow multiple entries in the same period.
C) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.

4. Which item regarding plan access is not true?

A) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
B) A compensation administrator's general access can be overridden using roles.
C) Compensation administrators have access to all plan configuration tasks for all plans.
D) A compensation administrator's general access cannot be overridden.

5. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
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) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
E) "Working Storage Area" is not one of the components of Fusion Fast Formula.

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