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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Status processing rules
C) Retroactive components
D) Input values
E) Costing
F) Auto indirect rules

2. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
B) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,

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

4. 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) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
B) "Working Storage Area" is not one of the components of Fusion Fast Formula.
C) Fast Formulas support the business need when existing rules and parameters are adequate.
D) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
E) Use Fast Formulas instead of existing application code to obtain non-standard results.

5. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable Components and create at least one component (Configure Compensation Component)
B) Enable the Communication tab type (Configure Worksheet Page Layout)
C) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
D) Enable components and create a component linked to the budget pool (Configure Compensation Components)

Solutions: