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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Sending Compensation alerts
B) Feedback survey
C) Plan access
D) Approval routing
E) Allocating budgets

2. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Compensation items with sources belonging to different legal employers cannot be added.
B) Edits to compensation categories affect all statement definitions that use that category.
C) The statement definition acts as a template and determines the layout and content of the generated statement.
D) The statement definition consists of compensation items added to compensation categories.
E) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
F) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.

3. Which three dates are mandatory while creating plan cycles?

A) Default Due Date
B) Plan Access Start Date
C) Worksheet Update Period Start Date
D) HR Data Extraction Date
E) Evaluation Period Start Date

4. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Action and Action Reasons
B) Salary Component
C) Plan Access
D) Plan Eligibility
E) Budget Pools

5. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
B) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
C) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.

Solutions: