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2016 Dec 1Z0-495 practice test

Q31. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she willbe eligible for a seniority component and the associated fixed salary amount. What type of eligibility profileyou would need to create in order to track work experience of people? 

A. Employment-based eligibility criteria using hire date 

B. Derived-factor-based eligibility criteria using length of service 

C. User-defined-criteria-based eligibility profile using hire date 

D. Employment-based-eligibility-criteria using length of service 

Answer:


Q32. 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. Budgets cannot be separate for each component. 

C. Multiple components can have a single budget. 

D. Multiple components cannot have a single budget. 

Answer: B,D 

36. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementationconsultant, advise your client? 

A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan. 

B. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout. 

C. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required. 

D. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client. 

Answer:


Q33. A corporation implementedoracle FusionCompensation. The Fusion Consultantfollowed the approachof FusionFast Formula instead of using Dynamiccalculationin the Compensation Plan. 

Which three statements aretrue about Fusion Fast Formula? 

A. Use Fast Formulas instead of existing application code to obtain non-standard results. 

B. Fast Formulas support the business need when existing rules and parameters are adequate. 

C. Compensation start date and Compensation end date are individual Compensation Plan Formula types. 

D. Compensation default and override formula types default the value of a column of Workforce Compensation Plan. 

E. “Working Storage Area” is not one of the components of Fusion Fast Formula. 

Answer: B,D,E 


Q34. ....... 

A corporation has implementedOracle Fusion CompensationManagement andset up an individualcompensationplan with the following details. 

Name: Variable component Restrict plan access: Yes Action: Manage Contributions Access Level: New Allocations: Always Allow Update Allocations: Never Allow Discontinue Allocations: "Allowed during a specific period" with the period start and end dates configured. 

Identify the correct option for the actions possible. 

A. All Employees will be able start the contribution anytime, update never, but discontinue during the period defined. 

B. Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard. 

C. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee. 

D. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis. 

Answer:


Q35. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager 

Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal 

Employer of Employee X uses a two-tier model. 

On which manager's worksheet does Employee X appear? 

A. Manager Y, because this is the original manager of Employee X 

B. Manager Z, because this is the current manager to whom Employee X is reporting 

C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle 

D. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan. 

Answer:


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Q36. While configuring theBudget page, which five tabs are available in Page Layout? 

A. Budgeting 

B. Summary 

C. Detail table 

D. Worker List 

E. Actions 

F. Comments 

G. Information 

Answer: A,C,D,E,G 


Q37. You want to use the Workforce Compensation Budget pool for a workforce compensation plan. 

Select the task to be performed, in the correct sequence. 

a)Configure the workforce compensation budget pool 

b)Configure the workforce compensation plan details 

c)Run the Start Compensation plan 

d)Create at least one worksheet compensation component and associate the budget pool with it. 

A. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it. 

B. Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process. 

C. Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process. 

D. Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process. 

E. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce 

compensation plan details 

Answer:


Q38. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise. 

What is the correct way of achieving this? 

A. Use the Edit button in the Employee's included area while creating a model to exclude the employee. 

B. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed. 

C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount. 

D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle. 

Answer:

57. A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades. 

What is the correct way to set up the salary bases? 

A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match. 

B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match. 

C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match. 

D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match. 

Answer:


Q39. 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. Then, after an employee is hired, this plan can be added to employees anytime. 

B. 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. 

C. 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. 

D. 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. 

Answer:


Q40. 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. General information 

B. Input values 

C. Costing 

D. Status processing rules 

E. Retroactive components 

F. Auto indirect rules 

Answer: B,C,F