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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which four options are valid refresh options for the Refresh Data process?

A) Refresh HR Data
B) Refresh Plan Currency
C) Refresh Plan Access
D) Reevaluate Eligibility
E) Refresh Manager Hierarchy
F) Refresh Budget Pools
G) Refresh Base and Eligible Salary

2. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
B) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
C) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
D) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

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

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

5. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the organization payment level, because the compensation is finally paid through this
B) From the input value of the payroll element
C) From the Bank account level
D) From the Legislative Data Group level, because that is the highestlevelin the hierarchy

Solutions: