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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
B) The published amount stay with the manager when workers are reassigned or their eligibility changes.
C) The published budget is always a percentage of the total budget pool.
D) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.

2. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
C) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
D) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
E) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

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

4. Which three statements are true regarding Plan Cycles?

A) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
E) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

5. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets cannot be separate for each component.
B) Multiple components can have a single budget.
C) Budgets can be separate for each component.
D) Multiple components cannot have a single budget.

Solutions: