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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Approval routing
B) Plan access
C) Allocating budgets
D) Feedback survey
E) Sending Compensation alerts

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

3. 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 role-based security to the Individual compensation wor1< area so that only managers are allowed.
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 access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.

4. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
B) The Compensation Administrator or equivalent role is not attached to your plan.
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) Your user role does not have access to view the plan.

5. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
B) Any payroll element can be added and all other details are auto-populated excluding the history category.
C) Any payroll element can be added and all other details are auto-populated including the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

Solutions: