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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets cannot be separate for each component.
B) Multiple components can have a single budget.
C) Budgets can be separate for each component.
D) Multiple components cannot have a single budget.

2. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A) Feedback Survey
B) Components
C) Alerts
D) Plan Access
E) Plan Currency

3. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) It is not possible to achieve this, because only the delivered salary component can be used
B) The Compensation Models
C) The Configure Compensation Component task Manager plans
D) The Salary Component Lookup

4. 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) Department Level
C) Management Chain
D) Position
E) Job level
F) Resource

5. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Database items are created by default for the element input values.
B) Create an "Amount" input value at the element eligibility link level.
C) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
D) Select "Pay Separately" as the "Special Purpose" option.

Solutions: