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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

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

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

3. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Copy budget amounts from a previous cycle.
B) Use a model to distribute budgets.
C) Publish budgets manually.
D) Publish budgets automatically by running the Build Model process.

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

5. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Legal Employee
B) General
C) Information
D) Default Value

Solutions: