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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which five tasks can be performed by a compensation manager?

A) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
B) Allocate compensation.
C) Review and approve work of Superior Manager.
D) Determine compensation amounts offline by downloading details to a spreadsheet.
E) Promote and rate worker performance while allocating compensation.
F) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

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

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

3. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items are the foundation upon which the Compensation Statement is built.
B) Compensation items can be added to statement definitions directly.
C) Compensation items are added to a compensation category to include them in statements.
D) Compensation items cannot be used across statement definitions.
E) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.

4. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Enable currency switching
B) Display the corporate currency
C) Set the preferred currency in the worksheet
D) Use fast formula to display the employee currency using conversion rates

5. 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) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
C) The Compensation Administrator or equivalent role is not attached to your plan.
D) 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."
E) Your user role does not have access to view the plan.

Solutions: