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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Information
B) Legal Employee
C) Default Value
D) General


2. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published amount stay with the manager when workers are reassigned or their eligibility changes.
B) The published budget is always a percentage of the total budget pool.
C) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
D) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.


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

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


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) The summary in the compensation history shows the data for only five years.
C) Compensation history displays six categories of compensation.
D) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.


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

A) 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.
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 excluding the history category.
D) Any payroll element can be added and all other details are auto-populated excluding the history category.


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: D
Question # 3
Answer: B,C
Question # 4
Answer: B,C,D
Question # 5
Answer: A

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