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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
C) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
D) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

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

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

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) Download and authenticate workbooks.
B) Filter the edits and upload only the edited fields.
C) Resolve errors created by the uploaded file.
D) Repeat the steps as many times as necessary to accommodate the revisions.
E) Edit the workbook data.
F) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.

5. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers can create their own models and use them.
B) Managers cannot share a model created by them.
C) A model can be shared with the direct reports of the creator.
D) Access of a model is limited only to the creator of the model.
E) Managers can use a model created by compensation professionals.
F) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

Solutions: