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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Allocation exceeding target
B) Leave of Absence
C) Any custom alert
D) Employee termination

2. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) It is not possible to achieve this, because only the delivered salary component can be used
B) The Configure Compensation Component task Manager plans
C) The Compensation Models
D) The Salary Component Lookup

3. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Plan Currency
B) Refresh Plan Access
C) Reevaluate Eligibility
D) Refresh Manager Hierarchy
E) Refresh Base and Eligible Salary
F) Refresh HR Data
G) Refresh Budget Pools

4. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) A new Grade rate can be created and the Salary basis can be modified to include it.
B) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
C) No new Grade rate can be created.
D) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.

5. 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 worksheet goes to next level for approval.
B) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
C) The lower-level manager's access level is changed to "Approved."
D) The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Solutions: