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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which item regarding plan access is not true?

A) Compensation administrators have access to all plan configuration tasks for all plans.
B) A compensation administrator's general access cannot be overridden.
C) A compensation administrator's general access can be overridden using roles.
D) Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.

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

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

4. 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 Administrator
B) HR Specialist
C) Line Manager
D) Compensation Manager

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) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B) 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.
C) 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.
D) Use the Edit button in the Employee's included area while creating a model to exclude the employee.

Solutions: