1z1-495 Exam Training Practice Tests (Oracle Fusion HCM: Compensation 2014 Essentials)]

Question 1

You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A. Worker is on long-term leave B. Grade changed in HR C. Allocation outside target range D. Salary changed in HR E. Job changed in HR F. Worker was terminated

Correct Answer: A,B,C,F

Question 2

You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A. Plan Currency B. Feedback Survey C. Plan Access D. Alerts E. Components

Correct Answer: A,B,C

Question 3

A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A. Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation. B. Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis, C. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis. D. Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

Correct Answer: B,D

Question 4

As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?

A. Deduction Range B. Benefit Balance C. Formula D. Payroll Balance E. Element Entry F. Input Value

Correct Answer: B,D,E,F

Question 5

While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file. B. Repeat the steps as many times as necessary to accommodate the revisions. C. Resolve errors created by the uploaded file. D. Download and authenticate workbooks. E. Edit the workbook data. F. Filter the edits and upload only the edited fields.

Correct Answer: A,C,D,F

Question 6

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.

Correct Answer: C

Question 7

When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A. Reject B. Reply C. Accept D. Dismiss

Correct Answer: B

Question 8

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

Correct Answer: C

Oracle Fusion HCM: Compensation 2014 Essentials - 1z1-495 Exam Practice Test