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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Department Level
B) Position
C) Management Chain
D) Resource
E) Job level
F) Supervisory

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

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

4. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
B) From the organization payment level, because the compensation is finally paid through this
C) From the Bank account level
D) From the input value of the payroll element

5. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based-eligibility-criteria using length of service
B) Derived-factor-based eligibility criteria using length of service
C) Employment-based eligibility criteria using hire date
D) User-defined-criteria-based eligibility profile using hire date

Solutions: