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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable the Communication tab type (Configure Worksheet Page Layout)
B) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
C) Enable components and create a component linked to the budget pool (Configure Compensation Components)
D) Enable Components and create at least one component (Configure Compensation Component)

2. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budget is always a percentage of the total budget pool.
B) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published amount stay with the manager when workers are reassigned or their eligibility changes.
D) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.

3. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Market adjustment due to salary being out of line with the market
B) Adjustment due to corrections within the organization
C) Equity adjustment to correct salary compression or inversion
D) Regular and automatic adjustment

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

5. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Dismiss
B) Accept
C) Reject
D) Reply

Solutions: