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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets cannot be separate for each component.
B) Multiple components can have a single budget.
C) Budgets can be separate for each component.
D) Multiple components cannot have a single budget.

2. While configuring theBudget page, which five tabs are available in Page Layout?

A) Information
B) Worker List
C) Budgeting
D) Detail table
E) Comments
F) Actions
G) Summary

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

4. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
C) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.

5. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode once it is past the eligibility determination date.
B) Active plans are always shown in read-only mode until the Worksheet update period starts.
C) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
D) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.

Solutions: