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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
B) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
C) You can add items to statement definitions directly.
D) To include items in statements you must add items to a compensation category.

2. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) General
B) Information
C) Default Value
D) Legal Employee

3. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Any custom alert
B) Employee termination
C) Leave of Absence
D) Allocation exceeding target

4. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Multiple components can have a single budget.
B) Budgets cannot be separate for each component.
C) Multiple components cannot have a single budget.
D) Budgets can be separate for each component.

5. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
B) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.

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