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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Restricted
B) Ineligible
C) Eligible
D) Limited
E) Provisional

2. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) The Compensation Administrator or equivalent role is not attached to your plan.
C) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) Your user role does not have access to view the plan.

3. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Multiple components cannot have a single budget.
B) Budgets can be separate for each component.
C) Budgets cannot be separate for each component.
D) Multiple components can have a single budget.

4. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Job level
B) Management Chain
C) Resource
D) Supervisory
E) Department Level
F) Position

5. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
B) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
C) Set up a salary basis and restrict the eligibility to the required roles.
D) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.

Solutions: