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

2. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Statement Definition
C) Compensation Source
D) Compensation Item

3. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A) Attach performance bonuses to similar elements.
B) Attach performance bonuses to similar compensation categories/subcategories.
C) Attach performance bonuses to similar compensation items.
D) Attach performance bonuses to similar sources.

4. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
B) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
C) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
D) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

5. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable components and create a component linked to the budget pool (Configure Compensation Components)
B) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
C) Enable the Communication tab type (Configure Worksheet Page Layout)
D) Enable Components and create at least one component (Configure Compensation Component)

Solutions: