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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) There is the flexibility to add any number of components within a compensation plan.
D) You can create up to five components to represent the different types of compensation that you want to award within a plan.

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 need not be mapped to the specific source from which the compensation information is retrieved.
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 are the foundation upon which the Compensation Statement is built.
E) Compensation items cannot be used across statement definitions.

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

4. 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) Dismiss
B) Reject
C) Reply
D) Accept

5. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A) Attach performance bonuses to similar sources.
B) Attach performance bonuses to similar compensation categories/subcategories.
C) Attach performance bonuses to similar elements.
D) Attach performance bonuses to similar compensation items.

Solutions: