Compensation Questions Flashcards
(179 cards)
Your client has a requirement that allows a salary adjustment based on the number of dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called “Family Allowance”. Which option would you use to achieve this? (Choose the best answer.)
A. The Configure Compensation Component task in Manage plans
B. The Salary Component Lookup
C. It is not possible to achieve this, because only the delivered salary components can be used.
D. The Compensation Models
Answer: A
Explanation: Reference: https://docs.oracle.com/cd/E60665_01/common/FAIWC/F1477720AN1CD0E.htm#F14 77720AN1CD0E
A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode. Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)
A. Integrated Workbook can be used to update all the seven components.
B. Only the first four active components will be loaded at a time by Integrated Workbook.
C. Only the first five active components will be loaded at a time by Integrated Workbook.
D. Only the first six active components will be loaded at a time by Integrated Workbook.
Answer: D
Which two statements are true about Base Pay? (Choose two.)
A. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
B. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
D. You enter a salary basis for each worker that becomes the worker’s Base Pay earnings.
E. For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.
Answer: B, C
Which statement is true regarding elements? (Choose the best answer.)
A. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
B. Elements have one primary classification, one secondary classification, and onesubclassification.
C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
D. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
E. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.
Answer: E
Explanation: Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning. What is true about the subclassifications for the created element? (Choose the best answer.)
A. Sub-classifications provide a way to feed elements.
B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
C. A sub-classification name cannot be reused under a different primary classification.
D. Elements can have only one sub-classification.
Answer: B
Explanation: Reference: Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan are January 1 to December 31 of the year. How should you set this up? (Choose the best answer.)
A. Configure Plan access start and end dates from January1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 of the year.
B. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
C. Configure Plan access start and end dates from January 1 to December 31 of the year.
D. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
Answer: A
Referenece:
https://docs.oracle.com/en/cloud/saas/human-resources/20d/faiwc/implementing-workforce-compensation.pdf
pg 107
A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees. Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)
A. Configure the spot bonus as an individual compensation plan and add “Hire” as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B. Configure the spot bonus as an individual compensation plan and add “Hire” as an action so that for HR action “Hire”, this bonus can be added. Also add “Manage Individual Compensation,” which will enable Managers to add it to reportees.
C. Configure the spot bonus as an individual compensation plan and add “Hire” as an action so that for HR action “Hire,” this bonus can be added. Also add “Manage Contributions,” which will enable managers to add it to reportees.
D. Configure the spot bonus as an individual compensation plan and add “All” as an action so that this plan can be added to anyone at any time.
Answer: B
You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating while allocating compensation. What happens in this case? (Choose the best answer.)
A. The rating will be available to only the plan where it is updated.
B. The rating will be available to all plans that are currently active.
C. The rating will be available in the Performance document in the performancesystem.
D. The rating will be available to only the plans where the same manager is involved.
Answer: C
The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)
A. Start Workforce Compensation Cycle
B. Refresh Workforce Compensation Data
C. Transfer Workforce Compensation Data to HR
D. Adjust Workforce Compensation Enrollment Window
E. Back Out Workforce Compensation Data
F. Evaluate Workforce Compensation Participation
Answer: A,B,C,E
Explanation: Reference: https://docs.oracle.com/cloud/latest/common/FAIWC.pdf
Contingent workers are ineligible as per the eligibility rules defined for your organization’s compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the “Refresh Workforce Compensation Data” nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager’s worksheet. How is this possible? (Choose the best answer.)
A. Track Ineligible Workers is selected in the compensation plan.
B. Show Ineligible Workers is selected in the compensation plan.
C. Hide Ineligible Workers is selected in the compensation plan.
D. Process Ineligible Workers is selected in the compensation plan.
Answer: A
While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system. What could have been the possible reasons for this? (Choose the best answer.)
A. You may have forgotten to save the changes made.
B. Another administrator might have accessed these settings after you have saved it.
C. Network connectivity issue may have hindered your data being sent to the server.
D. You do not have the privileges to change Stock Details.
Answer: B
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
A. In Approvals B. Processed C. Fully Approved D. Submitted E. Work in Progress
Answer: D
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items. How will you configure this requirement in the Fusion application? (Choose the best answer.)
A. Attach performance bonuses to similar compensation items.
B. Attach performance bonuses to similar compensation categories/subcategories.
C. Attach performance bonuses to similar elements.
D. Attach performance bonuses to similar sources.
Answer: A
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? (Choose the best answer.)
A. Use the Edit button in the Employee’s included area while creating a model to exclude the employee.
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 from, if needed
C. 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.
D. Use the Include check box next to the employee’s name in the Budget worksheet to exclude the employee from the cycle
Answer: C
Identify the four components that can be included in a fast formula. (Choose four.)
A. Output statement B. Input statement C. Comments D. Assignment statements E. Symbolic variables F. Conditions
Answer: B, C, D, F
Explanation: Reference: http://docs.oracle.com/cd/E37583_01/doc.1116/e36894.pdf (p.19)
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)
A. by setting up the properties of the column as updatable only once
B. by deselecting the Refresh Data triggering event in the dynamic column
C. by deselecting the Start Compensation Cycle triggering event in the dynamic column
D. by deselecting the Change Worksheet Data triggering event in the dynamic column
Answer: B Explanation: Reference: http://www.oracle.com/technetwork/fusion-apps/compensationguide-1579327.pdf
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)
A. Integrate with Oracle Fusion Performance Management.
B. Use compensation performance ratings.
C. Use both Performance Management ratings and compensation ratings.
D. Integrate with Oracle Fusion Goal Management.
E. Integrate with Oracle Fusion Profile Management.
Answer: A,B,C
A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades. What is the correct way to set up the salary bases? (Choose the best answer.)
A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
Answer: C
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)
A. Element Entry B. Benefit Balance C. Formula D. Payroll Balance E. Deduction Range F. Input Value
Answer: A,B,C,D
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
B. Override line manager allocations, job changes, and performance ratings.
C. Maintain currency rates and access to plans from the watchlist.
D. Override line manager allocations, job changes, and performance ratings.
E. Analyze plan results.
F. Run processes to initiate a compensation cycle.
Answer: A,B,D,E
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
A. Compensation Currency Selection B. Compensation Organization Selection C. Compensation Item Selection D. Compensation Person Selection E. Compensation amounts Selection
Answer: C,D
The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
A. It backs out started and processed events for participants.
B. It removes unneeded transaction data from prior plan cycles.
C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
D. It backs out unrestricted events for participants.
Answer: C
Explanation: Reference: http://www.erpknowledge.com/
In the workforce compensation work area, the Manager’s Worksheet Status is “In Approvals”. What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)
A. A budget was published to the manager.
B. The manager submitted his or her worksheet for approval.
C. The first-level manager approved the manager’s worksheet.
D. The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
E. The manager saved some changes to his or her worksheet.
Answer: C
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence. Select the correct sequence to construct a total compensation statement. (Choose the best answer.)
A. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.
B. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.
C. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.
D. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.
Answer: A