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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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

2. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.

3. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Legislative Information
B) Person Attributes
C) Compensation History
D) AssignmentTables

4. 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)

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

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

Solutions: