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| Section | Objectives |
|---|---|
| Topic 1: Total Compensation Statements | - Statement Definitions |
| Topic 2: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Topic 3: Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
1. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?
A) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
B) Your user role does not have access to view the plan.
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
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) Employment-based-eligibility-criteria using length of service
C) User-defined-criteria-based eligibility profile using hire date
D) Derived-factor-based eligibility criteria using length of service
3. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.
A) Management Chain
B) Department Level
C) Supervisory
D) Position
E) Job level
F) Resource
4. 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 the current cycle
D) Only within the current compensation plan and all cycles associated with it
5. Identify the correct option regarding the Payroll element details in the compensation history setup.
A) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
C) Any payroll element can be added and all other details are auto-populated excluding the history category.
D) Any payroll element can be added and all other details are auto-populated including the history category.
Solutions:
| Question # 1 Answer: B,C,E | Question # 2 Answer: C | Question # 3 Answer: B,C,E,F | Question # 4 Answer: A | Question # 5 Answer: A |
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