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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Allocation exceeding target
B) Employee termination
C) Leave of Absence
D) Any custom alert

3. Which two tasks are true about components in worksheet configurations?

A) Each component has to be of a separate type, such as salary or bonus.
B) Plans must have at least one component if awarding compensation.
C) You can create up to five components to represent the different types of compensation that you want to award within a plan.
D) There is the flexibility to add any number of components within a compensation plan.

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

A) Any payroll element can be added and all other details are auto-populated including the history category.
B) 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.
C) Any payroll element can be added and all other details are auto-populated excluding 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 including the history category.

5. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Reply
B) Accept
C) Reject
D) Dismiss

Solutions: