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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
| Topic 2: Total Compensation Statements | - Statement Definitions |
| Topic 3: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
- A. Adjustment due to corrections within the organization
- B. Market adjustment due to salary being out of line with the market
- C. Equity adjustment to correct salary compression or inversion
- D. Regular and automatic adjustment
Correct Answer: A,B,D 🗳️
Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?
- A. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
- B. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
- C. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
- D. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
Correct Answer: A 🗳️
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 from the Plan Access start date, which (s generally prior to the Worksheet update date.
- 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 until the Worksheet update period starts.
- D. Active plans are always shown in read-only mode once it is past the eligibility determination date.
Correct Answer: C 🗳️
You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?
- A. Components
- B. Plan Access
- C. Plan Currency
- D. Feedback Survey
- E. Alerts
Correct Answer: B,C,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?
- A. Attach performance bonuses to similar compensation categories/subcategories.
- B. Attach performance bonuses to similar compensation items.
- C. Attach performance bonuses to similar sources.
- D. Attach performance bonuses to similar elements.
Correct Answer: D 🗳️
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