Oracle Fusion HCM: Compensation 2014 Essentials - 1z0-495 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?

A. The item cannot be deleted, because it is attached to a category. B. The above scenario does not stand true as the item can be deleted. C. More than one administrator might be using the item and, therefore, it cannot be deleted. D. Before deleting the item, you must configure a zero value behavior for the item.

Discussion 0

Correct Answer: C Vote an answer

Question 2

What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A. The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record. B. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record. C. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.

Discussion 0

Correct Answer: A Vote an answer

Question 3

Identify the correct option regarding the Payroll element details in the compensation history setup.

A. Any payroll element can be added and all other details are auto-populated including the history category. B. Any payroll element can be added and all other details are auto-populated excluding the history category. C. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category. D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

Discussion 0

Correct Answer: C Vote an answer

Question 4

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 are the foundation upon which the Compensation Statement is built. B. Compensation items need not be mapped to the specific source from which the compensation information is retrieved. C. Compensation items cannot be used across statement definitions. D. Compensation items can be added to statement definitions directly. E. Compensation items are added to a compensation category to include them in statements.

Discussion 0

Correct Answer: C,D Vote an answer

Question 5

While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A. Information B. General C. Legal Employee D. Default Value

Discussion 0

Correct Answer: A,B Vote an answer

Question 6

Identify the three correct statements for an alternate approver hierarchy.

A. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers. B. You can create multiple approvers for the same manager. C. The alternate approver must be a part of the regular plan hierarchy. D. The highest Approval sequence is the final approver.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 7

A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A. Deduction range Values B. Deduction range groups C. Deduction ranges D. Deduction overrides

Discussion 0

Correct Answer: B Vote an answer

Question 8

A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A. Input values B. General information C. Costing D. Status processing rules E. Retroactive components F. Auto indirect rules

Discussion 0

Correct Answer: A,C,F Vote an answer