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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
B) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Fast Formulas support the business need when existing rules and parameters are adequate.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.

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

3. 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 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.
D) 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.

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

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

5. Which item regarding plan access is not true?

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

Solutions: