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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which item regarding plan access is not true?

A) A compensation administrator's general access cannot be overridden.
B) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation administrators have access to all plan configuration tasks for all plans.

2. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
B) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
C) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
D) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

3. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
D) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.

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

5. Which three statements are true regarding Plan Cycles?

A) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
E) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

Solutions: