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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Input Value
C) Formula
D) Deduction Range
E) Benefit Balance
F) Payroll Balance

2. Identify the three correct statements for an alternate approver hierarchy.

A) The alternate approver must be a part of the regular plan hierarchy.
B) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
C) The highest Approval sequence is the final approver.
D) You can create multiple approvers for the same manager.

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) Use a model to distribute budgets.
D) Publish budgets manually.

4. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items can be added to statement definitions directly.
D) Compensation items are the foundation upon which the Compensation Statement is built.
E) Compensation items cannot be used across statement definitions.

5. Which two tasks are true about components in worksheet configurations?

A) Each component has to be of a separate type, such as salary or bonus.
B) There is the flexibility to add any number of components within a compensation plan.
C) Plans must have at least one component if awarding compensation.
D) You can create up to five components to represent the different types of compensation that you want to award within a plan.

Solutions: