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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.
A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
2. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?
A) Deduction range groups
B) Deduction overrides
C) Deduction range Values
D) Deduction ranges
3. What are the two correct options with respect to budgeting when the salary has multiple components?
A) Multiple components can have a single budget.
B) Multiple components cannot have a single budget.
C) Budgets can be separate for each component.
D) Budgets cannot be separate for each component.
4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?
A) Resolve errors created by the uploaded file.
B) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
C) Download and authenticate workbooks.
D) Filter the edits and upload only the edited fields.
E) Edit the workbook data.
F) Repeat the steps as many times as necessary to accommodate the revisions.
5. 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 "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.
C) 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.
D) 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.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: B,D | Question # 4 Answer: A,B,C,D | Question # 5 Answer: D |
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