1Z0-495

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1Z0-495
Oracle
Oracle Fusion HCM: Compensation 2014 Essentials
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QUESTION: 1
While configuring theBudget page, you aresetting the propertiesof the job column.
Which two sections are availablein the propertiesfor the job column?
A. General
B. Default Value
C. Information
D. Legal Employee
Answer: A, C
QUESTION: 2
Identify the three correct statements for an alternate approver hierarchy.
A. By defining alternate approvers, you replace the standard approval hierarchy for
a manager with a new set or sequence of approvers.
B. The alternate approver must be a part of the regular plan hierarchy.
C. You can create multiple approvers for the same manager.
D. The highest Approval sequence is the final approver.
Answer: A, C, D
QUESTION: 3
What happens when you defineWorkforce Compensation Plan components but the
employeeto whom the compensation changeis being administered does nothave ant
componentin this or her salary?
A. The sum of all components identified to be posted as single salary adjustment
amount to the employee salary record.
B. The first component is automatically mapped to the salary and amount
associated with this component is posted as a salary adjustment to the employee
record.
C. The component adjustment is not posted as a salary adjustment to the
employee’s record. While designing the compensation plan, it has to be kept in
mind that plan components must have a direct mapping with the employee’s salary
components.
Answer: B
QUESTION: 4
Your client’s organization isa multi-country organization with headquartersin the
US.All employees arecoveredunder global compensationplan.However, the
managers in eachcountrywants toadminister compensationin their
country’srespective currency.Howwould you enable this feature?
A. Set the preferred currency in the worksheet
B. Enable currency switching
C. Display the corporate currency
D. Use fast formula to display the employee currency using conversion rates
Answer: B
QUESTION: 5
A Corporation has implemented Oracle Fusion Compensation for a manufacturing
client. Which is the building block usedin the calculationof deductions and
exemptions?
A. Deduction ranges
B. Deduction range groups
C. Deduction range Values
D. Deduction overrides
Answer: B
QUESTION: 6
As an implementation consultant, you are required to define a total compensation
statement. To construct the total compensation statement, you must follow a set of
activities in sequence. Select the correct sequence to construct a total
compensation statement.
A. Create compensation items >> attach the items to compensation categories >>
arrange categories hierarchically in the statement definition >> specify the
statement period and display options >> generate the statement.
B. Create compensation items >> specify the statement period and display options
>> arrange categories hierarchically in the statement definition >> attach items to
compensation categories >> generate the statement.
C. Create compensation items >> generate a statement >> specify the statement
period and display options >> arrange categories hierarchically in the statement
definition >> attach items to compensation categories.
D. Create compensation items >> attach the items to compensation categories >>
generate the statement >> specify the statement period and display options >>
arrange categories hierarchically in the statement definition.
Answer: D
QUESTION: 7
As an implementationconsultant, you arerequired to define a total
compensationstatement.You are creating thecompensationitems for the
same.Which foursource types are available for selectionwhile creating
acompensationitem for the total compensation statement?
A. Element Entry
B. Benefit Balance
C. Formula
D. Payroll Balance
E. Deduction Range
F. Input Value
Answer: A, B, D, F
QUESTION: 8
A corporation has implementedOracle Fusion CompensationManagement andset
up an individualcompensationplan with the following details.
✑ Name: Variable component
✑ Restrict plan access: Yes
✑ Action: Manage Contributions
✑ Access Level: New
✑ Allocations: Always Allow
✑ Update Allocations: Never Allow
✑ Discontinue Allocations: "Allowed during a specific period" with the period
start and end dates configured.
Identify the correct option for the actions possible.
A. All Employees will be able start the contribution anytime, update never, but
discontinue during the period defined.
B. Only managers will be able start the contribution anytime, update never, but
discontinue during the period defined for any specific employee by using the
manager dashboard.
C. The plan setup is always for HR to take actions and, therefore, only HR will be
able to start the contribution anytime, update never, but discontinue during the
period defined for any specific employee.
D. The contribution will be automatically added to all the employees in the payroll
and HR can discontinue allocations on a request basis.
Answer: A
QUESTION: 9
You can use predefined alerts to notify managers about issues on the worksheet
that need their attention. Which four predefined alerts are available?
A. Salary changed in HR
B. Allocation outside target range
C. Grade changed in HR
D. Job changed in HR
E. Worker was terminated
F. Worker is on long-term leave
Answer: B, C, E, F
QUESTION: 10
Your client’seligibility criteriarequiresyou to create user-definedcriteria.While
creating, you realizethat certain fields are availableto you.Upon researching you
find out that only fields from thefollowing two recordsand for fields that do not
belongto these recordsfast formula is required. Which are those two records?
A. Compensation History
B. Person Attributes
C. Legislative Information
D. AssignmentTables
Answer: B, D
QUESTION: 11
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. Regular and automatic adjustment
B. Market adjustment due to salary being out of line with the market
C. Equity adjustment to correct salary compression or inversion
D. Adjustment due to corrections within the organization
Answer: A, B, D
End of DEMO
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