1z0-495 by Oracle Actual Free Exam Questions And Answers

Question 1

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 elements.

B. Attach performance bonuses to similar compensation items.

C. Attach performance bonuses to similar sources.

D. Attach performance bonuses to similar compensation categories/subcategories.

Discussion 0

Correct Answer: A Vote an answer

Question 2

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. Managers cannot share a model created by them.

C. Managers can create their own models and use them.

D. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

E. A model can be shared with the direct reports of the creator.

F. Access of a model is limited only to the creator of the model.

Discussion 0

Correct Answer: A,B,D,E Vote an answer

Question 3

You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A. Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.

B. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details

C. Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

D. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

E. Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

Discussion 0

Correct Answer: B Vote an answer

Question 4

You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A. To the current compensation plan and the Performance Management system

B. To the current compensation plan and HR system

C. Only within the current compensation plan and all cycles associated with it

D. Only within the current compensation plan and the current cycle

Discussion 0

Correct Answer: A Vote an answer

Question 5

Which two methods can be used by the Compensation Administrator to publish budgets?

A. Copy budget amounts from a previous cycle.

B. Use a model to distribute budgets.

C. Publish budgets automatically by running the Build Model process.

D. Publish budgets manually.

Discussion 0

Correct Answer: A,B Vote an answer

Question 6

Which five tasks can be performed by a compensation manager?

A. Review and approve work of Superior Manager.

B. Determine compensation amounts offline by downloading details to a spreadsheet.

C. Promote and rate worker performance while allocating compensation.

D. Allocate compensation.

E. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.

F. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

Discussion 0

Correct Answer: B,C,E,F Vote an answer

Question 7

Identify the three correct statements for an alternate approver hierarchy.

A. The alternate approver must be a part of the regular plan hierarchy.

B. You can create multiple approvers for the same manager.

C. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

D. The highest Approval sequence is the final approver.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 8

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. Compensation History

B. Legislative Information

C. Person Attributes

D. AssignmentTables

Discussion 0

Correct Answer: C,D Vote an answer

Oracle Fusion HCM: Compensation 2014 Essentials - 1z0-495 Exam Practice Test

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