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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Statement Definition
B) Compensation Category
C) Compensation Item
D) Compensation Source

2. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Access of a model is limited only to the creator of the model.
B) Managers can create their own models and use them.
C) Managers can use a model created by compensation professionals.
D) A model can be shared with the direct reports of the creator.
E) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
F) Managers cannot share a model created by them.

3. 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 overrides
C) Deduction ranges
D) Deduction range groups

4. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) To include items in statements you must add items to a compensation category.
B) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
C) You can add items to statement definitions directly.
D) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

5. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
B) Select "Pay Separately" as the "Special Purpose" option.
C) Database items are created by default for the element input values.
D) Create an "Amount" input value at the element eligibility link level.

Solutions: