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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) The statement definition acts as a template and determines the layout and content of the generated statement.
B) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
C) The statement definition consists of compensation items added to compensation categories.
D) Compensation items with sources belonging to different legal employers cannot be added.
E) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
F) Edits to compensation categories affect all statement definitions that use that category.

2. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A) The lower-level manager's access level is changed to "Approved."
B) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
C) The worksheet goes to next level for approval.
D) The lower-level manager can withdraw the submission and reprocess the compensation allocation.

3. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Market adjustment due to salary being out of line with the market
B) Regular and automatic adjustment
C) Equity adjustment to correct salary compression or inversion
D) Adjustment due to corrections within the organization

4. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
B) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
C) Initiate budgets automatically by using the Start Compensation Cycle process.
D) Request excess budget allocation from the manager above him.

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Job level
B) Position
C) Supervisory
D) Resource
E) Management Chain
F) Department Level

Solutions: