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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A. Enable components and create a component linked to the budget pool (Configure Compensation Components)
B. Enable Components and create at least one component (Configure Compensation Component)
C. Enable the Communication tab type (Configure Worksheet Page Layout)
D. Configure related components (Configure Worksheet Page Layout: Detail Table tab)

Question 2

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 sources.
B. Attach performance bonuses to similar elements.
C. Attach performance bonuses to similar compensation items.
D. Attach performance bonuses to similar compensation categories/subcategories.

Question 3

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

Question 4

You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A. Access to the Compensation Administrator role is restricted in Plan Access.
B. The Compensation Administrator or equivalent role is not attached to your plan.
C. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
D. Your user role does not have access to view the plan.
E. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.

Question 5

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. Supervisory
C. Resource
D. Management Chain
E. Department Level
F. Position

Solutions: