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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
B) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
C) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
D) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

3. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Edit the workbook data.
B) Resolve errors created by the uploaded file.
C) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
D) Repeat the steps as many times as necessary to accommodate the revisions.
E) Filter the edits and upload only the edited fields.
F) Download and authenticate workbooks.

4. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
B) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
C) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

5. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Dismiss
B) Accept
C) Reject
D) Reply

Solutions: