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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable components and create a component linked to the budget pool (Configure Compensation Components)
B) Enable the Communication tab type (Configure Worksheet Page Layout)
C) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
D) Enable Components and create at least one component (Configure Compensation Component)

2. 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) Position
C) Management Chain
D) Resource
E) Department Level
F) Job level

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

4. Which four options are valid refresh options for the Refresh Data process?

A) Refresh HR Data
B) Refresh Manager Hierarchy
C) Refresh Plan Access
D) Reevaluate Eligibility
E) Refresh Budget Pools
F) Refresh Base and Eligible Salary
G) Refresh Plan Currency

5. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
B) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
C) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
D) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.

Solutions: