Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) The statement definition acts as a template and determines the layout and content of the generated statement.
B) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
C) Compensation items with sources belonging to different legal employers cannot be added.
D) Edits to compensation categories affect all statement definitions that use that category.
E) The statement definition consists of compensation items added to compensation categories.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

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

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

4. 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) Plan Eligibility
C) Budget Pools
D) Salary Component
E) Action and Action Reasons

5. Which five tasks can be performed by a compensation manager?

A) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
B) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Allocate compensation.
E) Promote and rate worker performance while allocating compensation.
F) Review and approve work of Superior Manager.

Solutions: