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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Item
C) Compensation Statement Definition
D) Compensation Source

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) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
B) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
C) 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.
D) Set up a salary basis and restrict the eligibility to the required roles.

3. 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) No components are defined to handle these salary adjustments.
D) Automatic entry is checked at the element eligibility link for the payroll element used.

4. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Request excess budget allocation from the manager above him.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
D) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

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

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

Solutions: