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1. A corporation is implementing Oracle Fusion Workforce Compensation. 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? (Choose the best answer.)
A) From the input value of the payroll element
B) From the Organization payment level, because the compensation is finally paid through this
C) From the Bank account level
D) From the Legislative Data Group level, because that is the highest level in the hierarchy.
2. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature? (Choose the best answer.)
A) Display the corporate currency.
B) Use fast formula to display the employee currency using conversion rates.
C) Set the preferred currency in the worksheet.
D) Enable Currency Switching.
3. A corporation has implemented Oracle Fusion Workforce Compensation. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)
A) Salary basis is configured to be non-updatable.
B) No components are defined to handle these salary adjustments.
C) Automatic entry is checked for the payroll element used.
D) Automatic entry is checked at the element eligibility link for the payroll element used.
4. Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)
A) Duty roles
B) Application roles
C) Individual users
D) Groups
5. Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)
A) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
B) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
C) You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.
D) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A,C | Question # 4 Answer: A,B,D | Question # 5 Answer: A,B,D |
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