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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan 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) 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.
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 contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
D) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.

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

3. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Legal Employee
B) Information
C) General
D) Default Value

4. A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A) "Working Storage Area" is not one of the components of Fusion Fast Formula.
B) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
C) Use Fast Formulas instead of existing application code to obtain non-standard results.
D) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
E) Fast Formulas support the business need when existing rules and parameters are adequate.

5. 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) Compensation Manager
C) HR Specialist
D) Line Manager

Solutions: