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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction range Values
B) Deduction ranges
C) Deduction range groups
D) Deduction overrides

2. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items can be added to statement definitions directly.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
D) Compensation items cannot be used across statement definitions.
E) Compensation items are the foundation upon which the Compensation Statement is built.

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

4. 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 first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
B) 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.
C) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.

5. Which four options are valid refresh options for the Refresh Data process?

A) Refresh HR Data
B) Refresh Base and Eligible Salary
C) Refresh Budget Pools
D) Refresh Manager Hierarchy
E) Reevaluate Eligibility
F) Refresh Plan Currency
G) Refresh Plan Access

Solutions: