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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Restricted
C) Limited
D) Provisional
E) Ineligible

2. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Dismiss
B) Reject
C) Reply
D) Accept

3. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items can be added to statement definitions directly.
D) Compensation items are the foundation upon which the Compensation Statement is built.
E) Compensation items cannot be used across statement definitions.

4. 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) Plan access
C) Feedback survey
D) Sending Compensation alerts
E) Approval routing

5. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Equity adjustment to correct salary compression or inversion
B) Market adjustment due to salary being out of line with the market
C) Adjustment due to corrections within the organization
D) Regular and automatic adjustment

Solutions: