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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Use the Advanced Filter option in the worksheet to create a custom condition.
B) Use the sort feature in the worksheet to control this.
C) Control the population by using eligibility profiles.
D) This cannot be done once the population is finalized and the compensation cycle is started.

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

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

3. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) To the current compensation plan and the Performance Management system
B) To the current compensation plan and HR system
C) Only within the current compensation plan and all cycles associated with it
D) Only within the current compensation plan and the current cycle

4. 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.

5. 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

Solutions: