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Oracle 1z0-495 Practice Q&A's

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Oracle 1z0-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Total Compensation Statements- Statement Definitions
Topic 2: Compensation Basics- Compensation Plan Concepts
- Salary and Compensation Components
Topic 3: Plan Configuration- Eligibility and Profiles
- Budgeting and Worksheets

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

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

A. Budgets can be separate for each component.
B. Multiple components cannot have a single budget.
C. Multiple components can have a single budget.
D. Budgets cannot be separate for each component.


Question 2

Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
B. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
C. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
D. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.


Question 3

A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
B. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
C. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.


Question 4

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. A new Grade rate can be created and the Salary basis can be modified to include it.
B. No new Grade rate can be created.
C. 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.
D. 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.


Question 5

Which three statements are true regarding Plan Cycles?

A. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
B. All active plans are available to be cross-referenced, even plans with no started cycles.
C. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
D. Active plans are available to be cross-referenced, except plans with no started cycles.
E. You can display a target amount or custom score from a previous plan cycle In the current plan cycle.


Solutions:

Question 1
Answer: B,D
Question 2
Answer: B,C,D
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: A,C,E

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