Oracle Fusion HCM: Compensation 2014 Essentials - 1z1-495 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A. The lower-level manager can withdraw the submission and reprocess the compensation allocation. B. The lower-level manager's access level is changed to "Approved." C. The worksheet goes to next level for approval. D. The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 2

As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.

A. Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement. B. Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition. C. Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement. D. Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.

Discussion 0

Correct Answer: B Vote an answer

Question 3

A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed. B. Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles. C. Set up a salary basis and restrict the eligibility to the required roles. D. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

Discussion 0

Correct Answer: D Vote an answer

Question 4

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

A. Publish budgets automatically by running the Build Model process. B. Use a model to distribute budgets. C. Copy budget amounts from a previous cycle. D. Publish budgets manually.

Discussion 0

Correct Answer: B,C Vote an answer

Question 5

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. Resource B. Department Level C. Position D. Management Chain E. Supervisory F. Job level

Discussion 0

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

Question 6

While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?

A. Level of detail B. Statement definitions C. Contribution Type and Unit of Measure D. Compensation Items E. Category Type F. Category Detail

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 7

You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A. Your user role does not have access to view the plan. B. Access to the Compensation Administrator role is restricted in Plan Access. C. The Compensation Administrator or equivalent role is not attached to your plan. D. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified. E. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."

Discussion 0

Correct Answer: A,B,E Vote an answer

Question 8

A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A. From the Bank account level B. From the Legislative Data Group level, because that is the highestlevelin the hierarchy C. From the input value of the payroll element D. From the organization payment level, because the compensation is finally paid through this

Discussion 0

Correct Answer: B Vote an answer