Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Select "Pay Separately" as the "Special Purpose" option.
B) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
C) Create an "Amount" input value at the element eligibility link level.
D) Database items are created by default for the element input values.

3. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets can be separate for each component.
B) Multiple components cannot have a single budget.
C) Multiple components can have a single budget.
D) Budgets cannot be separate for each component.

4. 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 withdraw the submission and reprocess the compensation allocation.
C) The worksheet goes to next level for approval.
D) The lower-level manager can still make changes in the worksheet and resubmit it for approval.

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) 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.
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) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

Solutions: