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

2. 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 range Values
B) Deduction range groups
C) Deduction overrides
D) Deduction ranges

3. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets automatically by running the Build Model process.
B) Copy budget amounts from a previous cycle.
C) Publish budgets manually.
D) Use a model to distribute budgets.

4. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
C) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.

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

Solutions: