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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Worker is on long-term leave
B) Grade changed in HR
C) Allocation outside target range
D) Job changed in HR
E) Salary changed in HR
F) Worker was terminated

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

3. 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) Department Level
B) Management Chain
C) Resource
D) Job level
E) Supervisory
F) Position

4. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items cannot be used across statement definitions.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
D) Compensation items can be added to statement definitions directly.
E) Compensation items are the foundation upon which the Compensation Statement is built.

5. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Payroll elements of any classification type can be attached to a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
C) Multiple payroll elements can be attached a salary basis.
D) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

Solutions: