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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Which three statements are true regarding Plan Cycles?

A) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
E) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

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

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

4. 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 default and override formula types default the value of a column of Workforce Compensation Plan.
B) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
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) "Working Storage Area" is not one of the components of Fusion Fast Formula.

5. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Use compensation performance ratings.
B) Use both Performance Management ratings and compensation ratings.
C) Integrate with Oracle Fusion Performance Management.
D) Integrate with Oracle Fusion Profile Management.
E) Integrate with Oracle Fusion Goal Management.

Solutions: