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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
B) "Working Storage Area" is not one of the components of Fusion Fast Formula.
C) Fast Formulas support the business need when existing rules and parameters are adequate.
D) Use Fast Formulas instead of existing application code to obtain non-standard results.
E) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.

2. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
B) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
C) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
D) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
E) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

3. 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) Adjustment due to corrections within the organization
C) Equity adjustment to correct salary compression or inversion
D) Regular and automatic adjustment

4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Repeat the steps as many times as necessary to accommodate the revisions.
B) Download and authenticate workbooks.
C) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
D) Resolve errors created by the uploaded file.
E) Filter the edits and upload only the edited fields.
F) Edit the workbook data.

5. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
B) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published amount stay with the manager when workers are reassigned or their eligibility changes.
D) The published budget is always a percentage of the total budget pool.

Solutions: