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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Total Compensation Statements | - Statement Definitions |
| Topic 2: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 3: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
- A. Compensation Manager
- B. HR Specialist
- C. Compensation Administrator
- D. Line Manager
Correct Answer: B 🗳️
A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?
- A. From the input value of the payroll element
- B. From the Legislative Data Group level, because that is the highestlevelin the hierarchy
- C. From the organization payment level, because the compensation is finally paid through this
- D. From the Bank account level
Correct Answer: B 🗳️
A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
- A. Equity adjustment to correct salary compression or inversion
- B. Adjustment due to corrections within the organization
- C. Market adjustment due to salary being out of line with the market
- D. Regular and automatic adjustment
Correct Answer: B,C,D 🗳️
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- B. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- C. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
- D. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
Correct Answer: A,B,C 🗳️
As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?
- A. An element with the Automatic Entry option selected can allow multiple entries in the same period.
- B. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- C. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
- D. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
Correct Answer: B 🗳️
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