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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Category Type
B) Level of detail
C) Statement definitions
D) Category Detail
E) Contribution Type and Unit of Measure
F) Compensation Items

2. 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) Managers can use a model created by compensation professionals.
D) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
E) Access of a model is limited only to the creator of the model.
F) A model can be shared with the direct reports of the creator.

3. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

4. 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) Accept
B) Reject
C) Dismiss
D) Reply

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

Solutions: