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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. 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 elements.
C) Attach performance bonuses to similar compensation items.
D) Attach performance bonuses to similar sources.

3. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.

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

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

5. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Regular and automatic adjustment
B) Market adjustment due to salary being out of line with the market
C) Adjustment due to corrections within the organization
D) Equity adjustment to correct salary compression or inversion

Solutions: