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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. 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) Management Chain
C) Supervisory
D) Resource
E) Position
F) Department Level

3. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budget is always a percentage of the total budget pool.
B) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
D) The published amount stay with the manager when workers are reassigned or their eligibility changes.

4. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
B) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
C) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
D) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

5. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
B) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
C) Compensation history displays six categories of compensation.
D) The summary in the compensation history shows the data for only five years.

Solutions: