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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

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

Question 2

As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A. You can add items to statement definitions directly.
B. You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
C. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
D. To include items in statements you must add items to a compensation category.

Question 3

A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A. Automatic entry is checked for the payroll element used.
B. Automatic entry is checked at the element eligibility link for the payroll element used.
C. Salary basis is configured to be non-updatable.
D. No components are defined to handle these salary adjustments.

Question 4

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

Question 5

While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
B. Active plans are always shown in read-only mode once it is past the eligibility determination date.
C. Active plans are always shown in read-only mode until the Worksheet update period starts.
D. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.

Solutions: