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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Use the sort feature in the worksheet to control this.
B) Use the Advanced Filter option in the worksheet to create a custom condition.
C) Control the population by using eligibility profiles.
D) This cannot be done once the population is finalized and the compensation cycle is started.

2. 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 range groups
B) Deduction range Values
C) Deduction ranges
D) Deduction overrides

3. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets manually.
B) Publish budgets automatically by running the Build Model process.
C) Use a model to distribute budgets.
D) Copy budget amounts from a previous cycle.

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

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 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.
C) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
D) 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.

Solutions: