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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A) Deduction overrides
B) Deduction ranges
C) Deduction range groups
D) Deduction range Values

2. Which three dates are mandatory while creating plan cycles?

A) Plan Access Start Date
B) HR Data Extraction Date
C) Worksheet Update Period Start Date
D) Default Due Date
E) Evaluation Period Start Date

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

4. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
B) Enable components and create a component linked to the budget pool (Configure Compensation Components)
C) Enable the Communication tab type (Configure Worksheet Page Layout)
D) Enable Components and create at least one component (Configure Compensation Component)

5. Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.

A) Provisional
B) Limited
C) Restricted
D) Eligible
E) Ineligible

Solutions: