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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
B) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
C) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
D) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.

2. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Salary Component
B) Plan Eligibility
C) Plan Access
D) Budget Pools
E) Action and Action Reasons

3. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Element Entry
B) Deduction Range
C) Formula
D) Input Value
E) Payroll Balance
F) Benefit Balance

4. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
D) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,

5. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Use fast formula to display the employee currency using conversion rates
B) Display the corporate currency
C) Set the preferred currency in the worksheet
D) Enable currency switching

Solutions: