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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A. Use compensation performance ratings.
B. Use both Performance Management ratings and compensation ratings.
C. Integrate with Oracle Fusion Goal Management.
D. Integrate with Oracle Fusion Performance Management.
E. Integrate with Oracle Fusion Profile Management.

Question 2

Which three statements are true regarding Plan Cycles?

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

Question 3

A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A. Salary basis is configured to be non-updatable.
B. Automatic entry is checked for the payroll element used.
C. No components are defined to handle these salary adjustments.
D. Automatic entry is checked at the element eligibility link for the payroll element used.

Question 4

A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A. "Working Storage Area" is not one of the components of Fusion Fast Formula.
B. Compensation start date and Compensation end date are individual Compensation Plan Formula types.
C. Fast Formulas support the business need when existing rules and parameters are adequate.
D. Use Fast Formulas instead of existing application code to obtain non-standard results.
E. Compensation default and override formula types default the value of a column of Workforce Compensation Plan.

Question 5

The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A. Managers can create their own models and use them.
B. Managers can use a model created by compensation professionals.
C. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D. Access of a model is limited only to the creator of the model.
E. A model can be shared with the direct reports of the creator.
F. Managers cannot share a model created by them.

Solutions: