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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?
A) A new Grade rate can be created and the Salary basis can be modified to include it.
B) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
C) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
D) No new Grade rate can be created.
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 Statement Definition
C) Compensation Item
D) Compensation Category
3. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?
A) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
B) You can add items to statement definitions directly.
C) To include items in statements you must add items to a compensation category.
D) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
4. 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) Supervisory
B) Management Chain
C) Position
D) Job level
E) Resource
F) Department Level
5. Which item regarding plan access is not true?
A) Compensation administrators have access to all plan configuration tasks for all plans.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A,D,E,F | Question # 5 Answer: B |
By Jo
