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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A) The above scenario does not stand true as the item can be deleted.
B) Before deleting the item, you must configure a zero value behavior for the item.
C) The item cannot be deleted, because it is attached to a category.
D) More than one administrator might be using the item and, therefore, it cannot be deleted.

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) 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
B) 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.
C) 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.
D) 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.
E) 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.

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

4. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
B) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
C) Request excess budget allocation from the manager above him.
D) Initiate budgets automatically by using the Start Compensation Cycle process.

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Position
B) Supervisory
C) Job level
D) Resource
E) Department Level
F) Management Chain

Solutions: