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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Identify the three correct statements for an alternate approver hierarchy.

A) You can create multiple approvers for the same manager.
B) The highest Approval sequence is the final approver.
C) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
D) The alternate approver must be a part of the regular plan hierarchy.

2. Which two tasks are true about components in worksheet configurations?

A) Plans must have at least one component if awarding compensation.
B) Each component has to be of a separate type, such as salary or bonus.
C) You can create up to five components to represent the different types of compensation that you want to award within a plan.
D) There is the flexibility to add any number of components within a compensation plan.

3. 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) 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.
B) 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.
C) Multiple payroll elements can be attached a salary basis.
D) Payroll elements of any classification type can be attached to a salary basis.

4. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Set the preferred currency in the worksheet
B) Use fast formula to display the employee currency using conversion rates
C) Enable currency switching
D) Display the corporate currency

5. 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) Allocation exceeding target
C) Leave of Absence
D) Employee termination

Solutions: