Oracle 1z1-495 Actual Tests : Oracle Fusion HCM: Compensation 2014 Essentials

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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which three statements are true regarding Plan Cycles?

A) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.

2. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
B) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
C) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
D) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

3. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
C) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
D) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

4. A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.

A) The base rate shown in the previous years is the pay rate on 31 December of each year.
B) The Base rate shown in the salary section is the average of the pay rate for the entire year.
C) The Base rate shown in the salary section is the most recent pay rate.
D) The growth rate shown in the details shows both cumulative and average annual salary growth rates.

5. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Limited
B) Restricted
C) Ineligible
D) Eligible
E) Provisional

Solutions: