Oracle Fusion HCM: Compensation 2014 Essentials (1z1-495) Free Practice Test

Question 1

Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A. AssignmentTables

B. Person Attributes

C. Compensation History

D. Legislative Information

Correct Answer: A,B

Question 2

What are the two correct options with respect to budgeting when the salary has multiple components?

A. Multiple components cannot have a single budget.

B. Budgets cannot be separate for each component.

C. Multiple components can have a single budget.

D. Budgets can be separate for each component.

Correct Answer: A,B

Question 3

A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A. Regular and automatic adjustment

B. Market adjustment due to salary being out of line with the market

C. Adjustment due to corrections within the organization

D. Equity adjustment to correct salary compression or inversion

Correct Answer: A,B,C

Question 4

Identify the three choices when configuring approvals.

A. Auto approval

B. Approve mode

C. Alternative approve hierarchy

D. Submit mode

Correct Answer: A,B,D

Question 5

A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A. Compensation history displays six categories of compensation.

B. The summary in the compensation history shows the data for only five years.

C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.

D. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.

Correct Answer: A,B,C

Question 6

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. Job level

B. Position

C. Management Chain

D. Resource

E. Department Level

F. Supervisory

Correct Answer: A,D,E,F

Question 7

The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A. The published amount stay with the manager when workers are reassigned or their eligibility changes.

B. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.

C. The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.

D. The published budget is always a percentage of the total budget pool.

Correct Answer: B

Question 8

As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement about selecting the rules for the element's entry value is true?

A. An element with the Automatic Entry option selected can allow multiple entries in the same period.

B. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

C. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

D. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.

Correct Answer: B

Welcome to TestSimulate

Oracle Fusion HCM: Compensation 2014 Essentials (1z1-495) Free Practice Test