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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
C) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.

2. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
B) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
C) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
D) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.

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

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

4. Which item regarding plan access is not true?

A) A compensation administrator's general access can be overridden using roles.
B) A compensation administrator's general access cannot be overridden.
C) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
D) Compensation administrators have access to all plan configuration tasks for all plans.

5. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the organization payment level, because the compensation is finally paid through this
B) From the input value of the payroll element
C) From the Bank account level
D) From the Legislative Data Group level, because that is the highestlevelin the hierarchy

Solutions: