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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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 can be added to statement definitions directly.
C) Compensation items are the foundation upon which the Compensation Statement is built.
D) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
E) Compensation items cannot be used across statement definitions.

2. Which item regarding plan access is not true?

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

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

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

5. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Item
B) Compensation Category
C) Compensation Statement Definition
D) Compensation Source

Solutions: