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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring theBudget page, which five tabs are available in Page Layout?

A) Comments
B) Information
C) Actions
D) Summary
E) Budgeting
F) Worker List
G) Detail table

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

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

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

4. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Multiple payroll elements can be attached a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
C) Payroll elements of any classification type can be attached to a salary basis.
D) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

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

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

Solutions: