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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?
A) Compensation items are added to a compensation category to include them in statements.
B) Compensation items can be added to statement definitions directly.
C) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
D) Compensation items are the foundation upon which the Compensation Statement is built.
E) Compensation items cannot be used across statement definitions.
2. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?
A) Category Type
B) Level of detail
C) Statement definitions
D) Contribution Type and Unit of Measure
E) Category Detail
F) Compensation Items
3. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.
A) Compensation history displays six categories of compensation.
B) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
C) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D) The summary in the compensation history shows the data for only five years.
4. 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 cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
C) An element with the Automatic Entry option selected can allow multiple entries in the same period.
D) 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.
5. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?
A) Attach performance bonuses to similar elements.
B) Attach performance bonuses to similar compensation categories/subcategories.
C) Attach performance bonuses to similar sources.
D) Attach performance bonuses to similar compensation items.
Solutions:
| Question # 1 Answer: B,E | Question # 2 Answer: B,D,F | Question # 3 Answer: A,C,D | Question # 4 Answer: B | Question # 5 Answer: A |
By Griselda
