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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A) Attach performance bonuses to similar compensation categories/subcategories.
B) Attach performance bonuses to similar sources.
C) Attach performance bonuses to similar compensation items.
D) Attach performance bonuses to similar elements.

2. Which item regarding plan access is not true?

A) A compensation administrator's general access can be overridden using roles.
B) Compensation administrators have access to all plan configuration tasks for all plans.
C) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
D) A compensation administrator's general access cannot be overridden.

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

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

5. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Grade changed in HR
B) Allocation outside target range
C) Job changed in HR
D) Worker is on long-term leave
E) Worker was terminated
F) Salary changed in HR

Solutions: