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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

A) Any payroll element can be added and 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 including the history category.
C) 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.
D) Any payroll element can be added and all other details are auto-populated excluding the history category.

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

3. Which three statements are true regarding Plan Cycles?

A) Active plans are available to be cross-referenced, except plans with no started cycles.
B) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
C) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
D) All active plans are available to be cross-referenced, even plans with no started cycles.
E) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.

4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Download and authenticate workbooks.
B) Filter the edits and upload only the edited fields.
C) Edit the workbook data.
D) Resolve errors created by the uploaded file.
E) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
F) Repeat the steps as many times as necessary to accommodate the revisions.

5. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
B) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode once it is past the eligibility determination date.

Solutions: