1z0-495 by Oracle Actual Free Exam Q&As

Question 1

While configuring theBudget page, which five tabs are available in Page Layout?

A. Comments B. Actions C. Summary D. Information E. Detail table F. Worker List G. Budgeting

Discussion 0

Correct Answer: B,D,E,F,G Vote an answer

Question 2

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 lower-level manager can still make changes in the worksheet and resubmit it for approval. D. The worksheet goes to next level for approval.

Discussion 0

Correct Answer: A,B,C Vote an answer

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

Discussion 0

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

Question 4

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

Discussion 0

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

Question 5

A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate. B. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade. C. A new Grade rate can be created and the Salary basis can be modified to include it. D. No new Grade rate can be created.

Discussion 0

Correct Answer: A Vote an answer

Question 6

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 automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually. B. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments. C. The summary in the compensation history shows the data for only five years. D. Compensation history displays six categories of compensation.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 7

Identify the three choices when configuring approvals.

A. Auto approval B. Submit mode C. Alternative approve hierarchy D. Approve mode

Discussion 0

Correct Answer: A,B,D Vote an answer

Question 8

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

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

Discussion 0

Correct Answer: A Vote an answer

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