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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
B) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
C) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option selected can allow multiple entries in the same period.

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

4. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction overrides
B) Deduction ranges
C) Deduction range Values
D) Deduction range groups

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

Solutions: