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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) The Compensation Models
B) It is not possible to achieve this, because only the delivered salary component can be used
C) The Configure Compensation Component task Manager plans
D) The Salary Component Lookup

2. A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.

A) The base rate shown in the previous years is the pay rate on 31 December of each year.
B) The Base rate shown in the salary section is the most recent pay rate.
C) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
D) The Base rate shown in the salary section is the average of the pay rate for the entire year.

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. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) No new Grade rate can be created.
B) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
C) A new Grade rate can be created and the Salary basis can be modified to include it.
D) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.

5. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Leave of Absence
B) Allocation exceeding target
C) Any custom alert
D) Employee termination

Solutions: