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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which five tasks can be performed by a compensation manager?

A) Promote and rate worker performance while allocating compensation.
B) Review and approve work of Superior Manager.
C) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
D) Determine compensation amounts offline by downloading details to a spreadsheet.
E) Allocate compensation.
F) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.


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


3. As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A) Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
B) Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
C) Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
D) Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.


4. Which three statements are true regarding Plan Cycles?

A) Active plans are available to be cross-referenced, except plans with no started cycles.
B) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
C) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
D) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
E) All active plans are available to be cross-referenced, even plans with no started cycles.


5. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based-eligibility-criteria using length of service
B) Employment-based eligibility criteria using hire date
C) Derived-factor-based eligibility criteria using length of service
D) User-defined-criteria-based eligibility profile using hire date


Solutions:

Question # 1
Answer: A,C,D,F
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: B,C,D
Question # 5
Answer: D

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