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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode until the Worksheet update period starts.
B) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
C) Active plans are always shown in read-only mode once it is past the eligibility determination date.
D) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.

2. 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.

3. Identify the three choices when configuring approvals.

A) Alternative approve hierarchy
B) Auto approval
C) Approve mode
D) Submit mode

4. 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) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
B) Fast Formulas support the business need when existing rules and parameters are adequate.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.

5. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) Costing
B) Retroactive components
C) General information
D) Auto indirect rules
E) Status processing rules
F) Input values

Solutions: