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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
B. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
D. No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

Question 2

A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

A. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
C. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
D. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.

Question 3

The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A. Managers can use a model created by compensation professionals.
B. A model can be shared with the direct reports of the creator.
C. Managers can create their own models and use them.
D. Managers cannot share a model created by them.
E. Access of a model is limited only to the creator of the model.
F. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

Question 4

You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A. Components
B. Feedback Survey
C. Plan Currency
D. Alerts
E. Plan Access

Question 5

Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
B. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
C. Manager Y, because this is the original manager of Employee X
D. Manager Z, because this is the current manager to whom Employee X is reporting

Solutions: