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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
B) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
C) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
D) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.

2. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers cannot share a model created by them.
B) A model can be shared with the direct reports of the creator.
C) Managers can use a model created by compensation professionals.
D) Access of a model is limited only to the creator of the model.
E) Managers can create their own models and use them.
F) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

3. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
B) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
C) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.

4. Which item regarding plan access is not true?

A) A compensation administrator's general access can be overridden using roles.
B) A compensation administrator's general access cannot be overridden.
C) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
D) Compensation administrators have access to all plan configuration tasks for all plans.

5. Which two tasks are true about components in worksheet configurations?

A) Plans must have at least one component if awarding compensation.
B) You can create up to five components to represent the different types of compensation that you want to award within a plan.
C) There is the flexibility to add any number of components within a compensation plan.
D) Each component has to be of a separate type, such as salary or bonus.

Solutions: