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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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 cannot 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 selected can allow multiple entries in the same period.
D) An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

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 "All" as an action so that this plan can be added to anyone at any time.
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 Individual Compensation," 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 Contributions," 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. Then, after an employee is hired, this plan can be added to employees anytime.

3. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers cannot share a model created by them.
B) A model can be shared with the direct reports of the creator.
C) Access of a model is limited only to the creator of the model.
D) Managers can create their own models and use them.
E) Managers can use a model created by compensation professionals.
F) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

4. 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) 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.
B) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
C) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
D) 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.

5. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A) The lower-level manager's access level is changed to "Approved."
B) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
C) The worksheet goes to next level for approval.
D) The lower-level manager can withdraw the submission and reprocess the compensation allocation.

Solutions: