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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
C) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
D) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

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

3. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Manager Hierarchy
B) Refresh Base and Eligible Salary
C) Refresh HR Data
D) Refresh Plan Access
E) Reevaluate Eligibility
F) Refresh Plan Currency
G) Refresh Budget Pools

4. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) User-defined-criteria-based eligibility profile using hire date
B) Employment-based-eligibility-criteria using length of service
C) Employment-based eligibility criteria using hire date
D) Derived-factor-based eligibility criteria using length of service

5. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
B) Compensation items can be added to statement definitions directly.
C) Compensation items are the foundation upon which the Compensation Statement is built.
D) Compensation items cannot be used across statement definitions.
E) Compensation items are added to a compensation category to include them in statements.

Solutions: