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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Set the preferred currency in the worksheet
B) Display the corporate currency
C) Enable currency switching
D) Use fast formula to display the employee currency using conversion rates

2. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items are the foundation upon which the Compensation Statement is built.
B) Compensation items are added to a compensation category to include them in statements.
C) Compensation items can be added to statement definitions directly.
D) Compensation items cannot be used across statement definitions.
E) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.

3. Identify the three choices when configuring approvals.

A) Submit mode
B) Alternative approve hierarchy
C) Auto approval
D) Approve mode

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) Compensation start date and Compensation end date are individual Compensation Plan Formula types.
B) Fast Formulas support the business need when existing rules and parameters are adequate.
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) "Working Storage Area" is not one of the components of Fusion Fast Formula.

5. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A) The worksheet goes to next level for approval.
B) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
C) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
D) The lower-level manager's access level is changed to "Approved."

Solutions: