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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) 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.
B) 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.
C) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
D) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.

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

3. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Eligible
B) Ineligible
C) Restricted
D) Limited
E) Provisional

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

5. Identify the three correct statements for an alternate approver hierarchy.

A) The highest Approval sequence is the final approver.
B) You can create multiple approvers for the same manager.
C) The alternate approver must be a part of the regular plan hierarchy.
D) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

Solutions: