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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) Only within the current compensation plan and all cycles associated with it
B) To the current compensation plan and the Performance Management system
C) To the current compensation plan and HR system
D) Only within the current compensation plan and the current cycle

2. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Job changed in HR
B) Allocation outside target range
C) Worker is on long-term leave
D) Salary changed in HR
E) Grade changed in HR
F) Worker was terminated

3. Which two tasks are true about components in worksheet configurations?

A) You can create up to five components to represent the different types of compensation that you want to award within a plan.
B) Each component has to be of a separate type, such as salary or bonus.
C) Plans must have at least one component if awarding compensation.
D) There is the flexibility to add any number of components within a compensation plan.

4. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
B) From the Bank account level
C) From the input value of the payroll element
D) From the organization payment level, because the compensation is finally paid through this

5. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A) Automatic entry is checked for the payroll element used.
B) Salary basis is configured to be non-updatable.
C) Automatic entry is checked at the element eligibility link for the payroll element used.
D) No components are defined to handle these salary adjustments.

Solutions: