Online Access Free 1z1-495 Exam Questions

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

As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

• A.Compensation items can be added to statement definitions directly.
• B.Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
• C.Compensation items cannot be used across statement definitions.
• D.Compensation items are the foundation upon which the Compensation Statement is built.
• E.Compensation items are added to a compensation category to include them in statements.

Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

• A.Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
• B.Request excess budget allocation from the manager above him.
• C.Initiate budgets automatically by using the Start Compensation Cycle process.
• D.Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

• A.Attach performance bonuses to similar sources.
• B.Attach performance bonuses to similar compensation items.
• C.Attach performance bonuses to similar compensation categories/subcategories.
• D.Attach performance bonuses to similar elements.

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