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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Compensation History
B) AssignmentTables
C) Legislative Information
D) Person Attributes

3. While configuring theBudget page, which five tabs are available in Page Layout?

A) Actions
B) Information
C) Summary
D) Detail table
E) Budgeting
F) Comments
G) Worker List

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

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

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

Solutions: