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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Use both Performance Management ratings and compensation ratings.
B) Integrate with Oracle Fusion Goal Management.
C) Use compensation performance ratings.
D) Integrate with Oracle Fusion Performance Management.
E) Integrate with Oracle Fusion Profile Management.

2. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A) Deduction Range
B) Payroll Balance
C) Element Entry
D) Input Value
E) Formula
F) Benefit Balance

3. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets automatically by running the Build Model process.
B) Copy budget amounts from a previous cycle.
C) Use a model to distribute budgets.
D) Publish budgets manually.

4. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
B) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.

5. 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) No new Grade rate can be created.
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) A new Grade rate can be created and the Salary basis can be modified to include it.
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.

Solutions: