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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which item regarding plan access is not true?

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

2. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
B) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
C) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.

3. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
B) Edits to compensation categories affect all statement definitions that use that category.
C) Compensation items with sources belonging to different legal employers cannot be added.
D) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
E) The statement definition acts as a template and determines the layout and content of the generated statement.
F) The statement definition consists of compensation items added to compensation categories.

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

5. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A) Manager Z, because this is the current manager to whom Employee X is reporting
B) Manager Y, because this is the original manager of Employee X
C) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
D) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.

Solutions: