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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Display the corporate currency
B) Enable currency switching
C) Use fast formula to display the employee currency using conversion rates
D) Set the preferred currency in the worksheet

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

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

4. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable Components and create at least one component (Configure Compensation Component)
B) Enable components and create a component linked to the budget pool (Configure Compensation Components)
C) Enable the Communication tab type (Configure Worksheet Page Layout)
D) Configure related components (Configure Worksheet Page Layout: Detail Table tab)

5. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Market adjustment due to salary being out of line with the market
B) Regular and automatic adjustment
C) Equity adjustment to correct salary compression or inversion
D) Adjustment due to corrections within the organization

Solutions: