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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Use a model to distribute budgets.
B) Publish budgets manually.
C) Publish budgets automatically by running the Build Model process.
D) Copy budget amounts from a previous cycle.

2. Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A) Person Attributes
B) Compensation History
C) Legislative Information
D) AssignmentTables

3. 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) 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.
B) No new Grade rate can be created.
C) 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.
D) A new Grade rate can be created and the Salary basis can be modified to include it.

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

5. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
D) Request excess budget allocation from the manager above him.

Solutions: