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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A. Ineligible
B. Provisional
C. Restricted
D. Eligible
E. Limited

Question 2

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

Question 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. Supervisory
B. Department Level
C. Management Chain
D. Position
E. Job level
F. Resource

Question 4

A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A. Fast Formulas support the business need when existing rules and parameters are adequate.
B. "Working Storage Area" is not one of the components of Fusion Fast Formula.
C. Use Fast Formulas instead of existing application code to obtain non-standard results.
D. Compensation start date and Compensation end date are individual Compensation Plan Formula types.
E. Compensation default and override formula types default the value of a column of Workforce Compensation Plan.

Question 5

A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A. Multiple payroll elements can be attached a salary basis.
B. Payroll elements of any classification type can be attached to a salary basis.
C. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
D. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.

Solutions: