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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) Fast Formulas support the business need when existing rules and parameters are adequate.
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) Use Fast Formulas instead of existing application code to obtain non-standard results.
E) "Working Storage Area" is not one of the components of Fusion Fast Formula.

2. Identify the three correct statements for an alternate approver hierarchy.

A) You can create multiple approvers for the same manager.
B) The highest Approval sequence is the final approver.
C) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
D) The alternate approver must be a part of the regular plan hierarchy.

3. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
C) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.

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

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

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Job level
B) Position
C) Supervisory
D) Department Level
E) Resource
F) Management Chain

Solutions: