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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
B) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
D) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

2. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) General information
B) Input values
C) Auto indirect rules
D) Costing
E) Retroactive components
F) Status processing rules

3. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A) Plan Currency
B) Feedback Survey
C) Alerts
D) Components
E) Plan Access

4. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A) Attach performance bonuses to similar sources.
B) Attach performance bonuses to similar compensation categories/subcategories.
C) Attach performance bonuses to similar elements.
D) Attach performance bonuses to similar compensation items.

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

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

Solutions: