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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which three statements are true regarding Plan Cycles?

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

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

3. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Payroll elements of any classification type can be attached to a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
D) Multiple payroll elements can be attached a salary basis.

4. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) General
B) Legal Employee
C) Default Value
D) Information

5. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
B) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
C) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.

Solutions: