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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Supervisory
B) Management Chain
C) Resource
D) Job level
E) Position
F) Department Level

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

3. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
B) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
C) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
D) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

4. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) The Configure Compensation Component task Manager plans
B) The Salary Component Lookup
C) The Compensation Models
D) It is not possible to achieve this, because only the delivered salary component can be used

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

Solutions: