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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Category Detail
B) Level of detail
C) Contribution Type and Unit of Measure
D) Category Type
E) Compensation Items
F) Statement definitions

2. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
B) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
C) Set up a salary basis and restrict the eligibility to the required roles.
D) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.

3. 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

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

5. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A) Manager Z, because this is the current manager to whom Employee X is reporting
B) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
C) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
D) Manager Y, because this is the original manager of Employee X

Solutions: