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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
C) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.

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

3. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) The Configure Compensation Component task Manager plans
B) The Compensation Models
C) It is not possible to achieve this, because only the delivered salary component can be used
D) The Salary Component Lookup

4. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
B) Compensation history displays six categories of compensation.
C) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
D) The summary in the compensation history shows the data for only five years.

5. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
B) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode once it is past the eligibility determination date.

Solutions: