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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?
A) "Working Storage Area" is not one of the components of Fusion Fast Formula.
B) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
C) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
D) Fast Formulas support the business need when existing rules and parameters are adequate.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.
2. While configuring theBudget page, which five tabs are available in Page Layout?
A) Detail table
B) Actions
C) Summary
D) Worker List
E) Comments
F) Information
G) Budgeting
3. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?
A) Enable Components and create at least one component (Configure Compensation Component)
B) Enable the Communication tab type (Configure Worksheet Page Layout)
C) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
D) Enable components and create a component linked to the budget pool (Configure Compensation Components)
4. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?
A) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
B) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
D) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
5. 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.
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: A,B,D,F,G | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: A |






