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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) AssignmentTables
B) Legislative Information
C) Compensation History
D) Person Attributes

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

3. 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) Employee termination
C) Leave of Absence
D) Any custom alert

4. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
B) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
D) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

5. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Payroll elements of any classification type can be attached to a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
D) Multiple payroll elements can be attached a salary basis.

Solutions: