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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
C) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
D) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.

2. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Base and Eligible Salary
B) Reevaluate Eligibility
C) Refresh Budget Pools
D) Refresh Plan Currency
E) Refresh Manager Hierarchy
F) Refresh HR Data
G) Refresh Plan Access

3. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based-eligibility-criteria using length of service
B) Employment-based eligibility criteria using hire date
C) Derived-factor-based eligibility criteria using length of service
D) User-defined-criteria-based eligibility profile using hire date

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

5. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Multiple components can have a single budget.
B) Multiple components cannot have a single budget.
C) Budgets can be separate for each component.
D) Budgets cannot be separate for each component.

Solutions: