Free Oracle 1z0-495 Exam Dumps Questions & Answers

A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

• A.  "Working Storage Area" is not one of the components of Fusion Fast Formula.
• B.  Compensation start date and Compensation end date are individual Compensation Plan Formula types.
• C.  Fast Formulas support the business need when existing rules and parameters are adequate.
• D.  Use Fast Formulas instead of existing application code to obtain non-standard results.
• E.  Compensation default and override formula types default the value of a column of Workforce Compensation Plan.

As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

• A.  Compensation Statement Definition
• B.  Compensation Item
• C.  Compensation Source
• D.  Compensation Category

Which item regarding plan access is not true?

• A.  A compensation administrator's general access can be overridden using roles.
• B.  Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
• C.  Compensation administrators have access to all plan configuration tasks for all plans.
• D.  A compensation administrator's general access cannot be overridden.

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

A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

• A.  Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
• B.  The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
• C.  Set up a salary basis and restrict the eligibility to the required roles.
• D.  Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.