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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

A) Compensation Manager
B) Line Manager
C) Compensation Administrator
D) HR Specialist

2. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
D) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.

3. Which three dates are mandatory while creating plan cycles?

A) HR Data Extraction Date
B) Default Due Date
C) Evaluation Period Start Date
D) Worksheet Update Period Start Date
E) Plan Access Start Date

4. As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A) An element with the Automatic Entry option selected can allow multiple entries in the same period.
B) An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
C) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
D) An element with the Automatic Entry option selected cannot allow multiple entries in the same period.

5. 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 Category
B) Compensation Statement Definition
C) Compensation Source
D) Compensation Item

Solutions: