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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
B) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
C) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
D) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

2. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and all other details are auto-populated excluding the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
C) Any payroll element can be added and all other details are auto-populated including the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

3. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers cannot share a model created by them.
B) Managers can create their own models and use them.
C) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D) Access of a model is limited only to the creator of the model.
E) Managers can use a model created by compensation professionals.
F) A model can be shared with the direct reports of the creator.

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

5. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) User-defined-criteria-based eligibility profile using hire date
B) Derived-factor-based eligibility criteria using length of service
C) Employment-based-eligibility-criteria using length of service
D) Employment-based eligibility criteria using hire date

Solutions: