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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and all other details are auto-populated excluding the history category.
B) Any payroll element can be added and all other details are auto-populated including the history category.
C) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

2. Identify the three correct statements for an alternate approver hierarchy.

A) You can create multiple approvers for the same manager.
B) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
C) The alternate approver must be a part of the regular plan hierarchy.
D) The highest Approval sequence is the final approver.

3. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
B) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
C) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
D) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

4. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Enable currency switching
B) Display the corporate currency
C) Use fast formula to display the employee currency using conversion rates
D) Set the preferred currency in the worksheet

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Department Level
B) Management Chain
C) Job level
D) Resource
E) Supervisory
F) Position

Solutions: