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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) You can add items to statement definitions directly.
B) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
C) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
D) To include items in statements you must add items to a compensation category.

2. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
B) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
C) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
D) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

3. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Integrate with Oracle Fusion Profile Management.
B) Use both Performance Management ratings and compensation ratings.
C) Integrate with Oracle Fusion Goal Management.
D) Use compensation performance ratings.
E) Integrate with Oracle Fusion Performance Management.

4. Which item regarding plan access is not true?

A) Compensation administrators have access to all plan configuration tasks for all plans.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.

5. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) Only within the current compensation plan and the current cycle
B) To the current compensation plan and HR system
C) To the current compensation plan and the Performance Management system
D) Only within the current compensation plan and all cycles associated with it

Solutions: