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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
B) The published amount stay with the manager when workers are reassigned or their eligibility changes.
C) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
D) The published budget is always a percentage of the total budget pool.

2. 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 "All" as an action so that this plan can be added to anyone at any time.
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 "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.

3. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Use compensation performance ratings.
B) Integrate with Oracle Fusion Performance Management.
C) Integrate with Oracle Fusion Profile Management.
D) Integrate with Oracle Fusion Goal Management.
E) Use both Performance Management ratings and compensation ratings.

4. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
B) Edit the workbook data.
C) Download and authenticate workbooks.
D) Resolve errors created by the uploaded file.
E) Repeat the steps as many times as necessary to accommodate the revisions.
F) Filter the edits and upload only the edited fields.

5. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Sending Compensation alerts
B) Plan access
C) Allocating budgets
D) Feedback survey
E) Approval routing

Solutions: