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1. Which three statements are true regarding Plan Cycles?

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

2. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) To the current compensation plan and HR system
B) Only within the current compensation plan and the current cycle
C) To the current compensation plan and the Performance Management system
D) Only within the current compensation plan and all cycles associated with it

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

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

4. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Action and Action Reasons
B) Budget Pools
C) Salary Component
D) Plan Eligibility
E) Plan Access

5. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
C) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

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