Oracle 1z0-495 : Oracle Fusion HCM: Compensation 2014 Essentials

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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

2. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
B) Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
C) Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
D) Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

3. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
B) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
C) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
D) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.

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

5. A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) The summary in the compensation history shows the data for only five years.
B) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
C) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
D) Compensation history displays six categories of compensation.

Solutions: