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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. What are the two correct options with respect to budgeting when the salary has multiple components?
A) Budgets can be separate for each component.
B) Budgets cannot be separate for each component.
C) Multiple components can have a single budget.
D) Multiple components cannot have a single budget.
2. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?
A) Managers can create their own models and use them.
B) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
C) A model can be shared with the direct reports of the creator.
D) Managers cannot share a model created by them.
E) Access of a model is limited only to the creator of the model.
F) Managers can use a model created by compensation professionals.
3. While configuring theBudget page, which five tabs are available in Page Layout?
A) Budgeting
B) Summary
C) Detail table
D) Worker List
E) Information
F) Actions
G) Comments
4. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?
A) Multiple payroll elements can be attached a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
C) Payroll elements of any classification type can be attached to a salary basis.
D) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
5. 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.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B,C,D,F | Question # 3 Answer: A,C,D,E,F | Question # 4 Answer: C | Question # 5 Answer: A |
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