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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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?

A) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
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 form, if needed.
C) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D) 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.

2. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Salary changed in HR
B) Job changed in HR
C) Worker was terminated
D) Worker is on long-term leave
E) Allocation outside target range
F) Grade changed in HR

3. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants 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?

A) The Salary Component Lookup
B) The Compensation Models
C) The Configure Compensation Component task Manager plans
D) It is not possible to achieve this, because only the delivered salary component can be used

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) Only within the current compensation plan and all cycles associated with it
B) To the current compensation plan and the Performance Management system
C) To the current compensation plan and HR system
D) Only within the current compensation plan and the current cycle

5. 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?

A) Input Value
B) Formula
C) Benefit Balance
D) Element Entry
E) Payroll Balance
F) Deduction Range

Solutions: