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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
B) 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.
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.

2. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Source
B) Compensation Statement Definition
C) Compensation Item
D) Compensation Category

3. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers can use a model created by compensation professionals.
B) Managers cannot share a model created by them.
C) A model can be shared with the direct reports of the creator.
D) Managers can create their own models and use them.
E) Access of a model is limited only to the creator of the model.
F) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

4. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
B) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
C) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
D) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.

5. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Dismiss
B) Accept
C) Reject
D) Reply

Solutions: