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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
B) 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.
C) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
D) 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.

2. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and all other details are auto-populated excluding the history category.
B) Any payroll element can be added and all other details are auto-populated including the history category.
C) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

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

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

4. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
B) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
C) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
D) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

5. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
C) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.

Solutions: