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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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.

2. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
C) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
D) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
E) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

3. Identify the three correct statements for an alternate approver hierarchy.

A) The highest Approval sequence is the final approver.
B) You can create multiple approvers for the same manager.
C) The alternate approver must be a part of the regular plan hierarchy.
D) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

4. 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) Default Value
B) General
C) Legal Employee
D) Information

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

Solutions: