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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
B) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
C) Compensation history displays six categories of compensation.
D) The summary in the compensation history shows the data for only five years.

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

3. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition acts as a template and determines the layout and content of the generated statement.
C) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
F) The statement definition consists of compensation items added to compensation categories.

4. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) Managers cannot share a model created by them.
B) Access of a model is limited only to the creator of the model.
C) A model can be shared with the direct reports of the creator.
D) Managers can create their own models and use them.
E) Managers can use a model created by compensation professionals.
F) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

5. Which two tasks are true about components in worksheet configurations?

A) You can create up to five components to represent the different types of compensation that you want to award within a plan.
B) There is the flexibility to add any number of components within a compensation plan.
C) Each component has to be of a separate type, such as salary or bonus.
D) Plans must have at least one component if awarding compensation.

Solutions: