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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

Question 2

Which four options are valid refresh options for the Refresh Data process?

A. Reevaluate Eligibility
B. Refresh Plan Currency
C. Refresh Manager Hierarchy
D. Refresh Budget Pools
E. Refresh HR Data
F. Refresh Plan Access
G. Refresh Base and Eligible Salary

Question 3

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
B. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
C. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
D. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

Question 4

While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A. Enable Components and create at least one component (Configure Compensation Component)
B. Enable the Communication tab type (Configure Worksheet Page Layout)
C. Configure related components (Configure Worksheet Page Layout: Detail Table tab)
D. Enable components and create a component linked to the budget pool (Configure Compensation Components)

Question 5

While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A. Statement definitions
B. Category Detail
C. Contribution Type and Unit of Measure
D. Category Type
E. Level of detail
F. Compensation Items

Solutions: