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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up a salary basis and restrict the eligibility to the required roles.
B) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
C) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
D) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.

2. While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A) Category Detail
B) Level of detail
C) Compensation Items
D) Contribution Type and Unit of Measure
E) Category Type
F) Statement definitions

3. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Plan Eligibility
B) Action and Action Reasons
C) Plan Access
D) Budget Pools
E) Salary Component

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

5. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
B) The lower-level manager's access level is changed to "Approved."
C) The worksheet goes to next level for approval.
D) The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Solutions: