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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 Compensation history. Identify the three correct options regarding the salary component.

A) The Base rate shown in the salary section is the most recent pay rate.
B) The base rate shown in the previous years is the pay rate on 31 December of each year.
C) The Base rate shown in the salary section is the average of the pay rate for the entire year.
D) The growth rate shown in the details shows both cumulative and average annual salary growth rates.

2. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) Before deleting the item, you must configure a zero value behavior for the item.
B) The above scenario does not stand true as the item can be deleted.
C) More than one administrator might be using the item and, therefore, it cannot be deleted.
D) The item cannot be deleted, because it is attached to a category.

3. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
B) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
C) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
D) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

4. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) Your user role does not have access to view the plan.
C) The Compensation Administrator or equivalent role is not attached to your plan.
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."

5. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Eligible
B) Limited
C) Provisional
D) Restricted
E) Ineligible

Solutions: