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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?

A) You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
B) To include items in statements you must add items to a compensation category.
C) You can add items to statement definitions directly.
D) You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.

2. 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

3. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Item
C) Compensation Source
D) Compensation Statement Definition

4. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Sending Compensation alerts
B) Allocating budgets
C) Plan access
D) Feedback survey
E) Approval routing

5. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode until the Worksheet update period starts.
B) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
D) Active plans are always shown in read-only mode once it is past the eligibility determination date.

Solutions: