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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which five tasks can be performed by a compensation manager?

A) Review and approve work of Superior Manager.
B) Determine compensation amounts offline by downloading details to a spreadsheet.
C) Promote and rate worker performance while allocating compensation.
D) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
E) Allocate compensation.
F) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

2. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Bank account level
B) From the input value of the payroll element
C) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
D) From the organization payment level, because the compensation is finally paid through this

3. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Category Detail
B) Level of detail
C) Statement definitions
D) Compensation Items
E) Category Type
F) Contribution Type and Unit of Measure

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

5. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
B) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
C) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
D) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.

Solutions: