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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) The Salary Component Lookup
B) The Compensation Models
C) The Configure Compensation Component task Manager plans
D) It is not possible to achieve this, because only the delivered salary component can be used

2. Which three statements are true regarding Plan Cycles?

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

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

4. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction overrides
B) Deduction range Values
C) Deduction range groups
D) Deduction ranges

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

Solutions: