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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
B) Compensation history displays six categories of compensation.
C) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D) The summary in the compensation history shows the data for only five years.

3. Identify the three choices when configuring approvals.

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

4. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Category Detail
B) Compensation Items
C) Statement definitions
D) Level of detail
E) Category Type
F) Contribution Type and Unit of Measure

5. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) General information
B) Retroactive components
C) Status processing rules
D) Auto indirect rules
E) Input values
F) Costing

Solutions: