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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
C) Your user role does not have access to view the plan.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."

2. 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) Accept
B) Reject
C) Dismiss
D) Reply

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

4. A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.

A) The Base rate shown in the salary section is the most recent pay rate.
B) The base rate shown in the previous years is the pay rate on 31 December of each year.
C) The Base rate shown in the salary section is the average of the pay rate for the entire year.
D) The growth rate shown in the details shows both cumulative and average annual salary growth rates.

5. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
C) Any payroll element can be added and all other details are auto-populated including the history category.
D) Any payroll element can be added and all other details are auto-populated excluding the history category.

Solutions: