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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 Compensation history. Identify the three correct options regarding the salary component.

A) The Base rate shown in the salary section is the average of the pay rate for the entire year.
B) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
C) The base rate shown in the previous years is the pay rate on 31 December of each year.
D) The Base rate shown in the salary section is the most recent pay rate.

2. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
B) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
C) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
D) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.

3. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
B) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
C) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
D) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.

4. Which item regarding plan access is not true?

A) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
B) A compensation administrator's general access cannot be overridden.
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.

5. Which five tasks can be performed by a compensation manager?

A) Promote and rate worker performance while allocating compensation.
B) Allocate compensation.
C) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
D) Review and approve work of Superior Manager.
E) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
F) Determine compensation amounts offline by downloading details to a spreadsheet.

Solutions: