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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A) Attach performance bonuses to similar elements.
B) Attach performance bonuses to similar sources.
C) Attach performance bonuses to similar compensation categories/subcategories.
D) Attach performance bonuses to similar compensation items.

2. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Allocating budgets
B) Feedback survey
C) Sending Compensation alerts
D) Approval routing
E) Plan access

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

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

5. Which two tasks are true about components in worksheet configurations?

A) You can create up to five components to represent the different types of compensation that you want to award within a plan.
B) There is the flexibility to add any number of components within a compensation plan.
C) Each component has to be of a separate type, such as salary or bonus.
D) Plans must have at least one component if awarding compensation.

Solutions: