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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Budget Pools
B) Action and Action Reasons
C) Plan Access
D) Plan Eligibility
E) Salary Component

2. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Compensation History
B) Legislative Information
C) AssignmentTables
D) Person Attributes

3. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Grade changed in HR
B) Job changed in HR
C) Worker is on long-term leave
D) Worker was terminated
E) Salary changed in HR
F) Allocation outside target range

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

5. Which three statements are true regarding Plan Cycles?

A) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
B) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) All active plans are available to be cross-referenced, even plans with no started cycles.
E) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

Solutions: