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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?
A) The worksheet goes to next level for approval.
B) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
C) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
D) The lower-level manager's access level is changed to "Approved."
2. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
B) Use Fast Formulas instead of existing application code to obtain non-standard results.
C) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
D) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
E) "Working Storage Area" is not one of the components of Fusion Fast Formula.
3. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?
A) Deduction overrides
B) Deduction ranges
C) Deduction range Values
D) Deduction range groups
4. Which three statements are true regarding Plan Cycles?
A) Active plans are available to be cross-referenced, except plans with no started cycles.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
5. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?
A) To the current compensation plan and the Performance Management system
B) Only within the current compensation plan and all cycles associated with it
C) Only within the current compensation plan and the current cycle
D) To the current compensation plan and HR system
Solutions:
| Question # 1 Answer: B,C,D | Question # 2 Answer: A,C,E | Question # 3 Answer: D | Question # 4 Answer: C,D,E | Question # 5 Answer: A |






