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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Your user role does not have access to view the plan.
B) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."

2. 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) Fast Formulas support the business need when existing rules and parameters are adequate.
B) "Working Storage Area" is not one of the components of Fusion Fast Formula.
C) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
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.

3. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Enable currency switching
B) Set the preferred currency in the worksheet
C) Use fast formula to display the employee currency using conversion rates
D) Display the corporate currency

4. 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) Restricted
B) Provisional
C) Limited
D) Eligible
E) Ineligible

5. Identify the three choices when configuring approvals.

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

Solutions: