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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. Identify the three choices when configuring approvals.
A) Alternative approve hierarchy
B) Auto approval
C) Submit mode
D) Approve mode
2. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?
A) Components
B) Feedback Survey
C) Plan Currency
D) Alerts
E) Plan Access
3. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.
A) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
B) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
C) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
D) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
4. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
A) Use fast formula to display the employee currency using conversion rates
B) Display the corporate currency
C) Enable currency switching
D) Set the preferred currency in the worksheet
5. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.
A) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
Solutions:
| Question # 1 Answer: B,C,D | Question # 2 Answer: B,C,E | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |




