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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

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

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

3. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
B) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
C) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
D) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.

4. Identify the three correct statements for an alternate approver hierarchy.

A) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
B) You can create multiple approvers for the same manager.
C) The alternate approver must be a part of the regular plan hierarchy.
D) The highest Approval sequence is the final approver.

5. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Use the sort feature in the worksheet to control this.
B) Use the Advanced Filter option in the worksheet to create a custom condition.
C) This cannot be done once the population is finalized and the compensation cycle is started.
D) Control the population by using eligibility profiles.

Solutions: