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

2. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Limited
B) Ineligible
C) Provisional
D) Eligible
E) Restricted

3. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

A) Compensation Manager
B) Line Manager
C) Compensation Administrator
D) HR Specialist

4. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Allocation exceeding target
B) Leave of Absence
C) Any custom alert
D) Employee termination

5. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based-eligibility-criteria using length of service
B) Derived-factor-based eligibility criteria using length of service
C) User-defined-criteria-based eligibility profile using hire date
D) Employment-based eligibility criteria using hire date

Solutions: