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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
B) Compensation history displays six categories of compensation.
C) The summary in the compensation history shows the data for only five years.
D) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.

2. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) A new Grade rate can be created and the Salary basis can be modified to include it.
B) No new Grade rate can be created.
C) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
D) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.

3. Which three statements are true regarding Plan Cycles?

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

4. 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 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) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

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

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

Solutions: