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Oracle 1z0-1162-1 Exam Syllabus Topics:
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Oracle Fusion Cloud Applications HCM Foundations Associate - Rel 1 Sample Questions (Q10-Q15):
NEW QUESTION # 10
Which key feature of the Employee Experience to Business Outcome OMBP helps enhance collaboration and knowledge sharing across teams?
- A. Communities of Practice, such as Oracle Connections, enable networking with employees having similar interests or roles.
- B. Oracle's Community provides access to experts, peers, and practitioners to promote innovation and collaboration.
- C. Enterprise-Wide Knowledge Base allows employees to search for and access information, documents, and best practices.
Answer: A
Explanation:
Comprehensive and Detailed Explanation:TheCommunities of Practicefeature in theEmployee Experience to Business Outcome OMBPsupports team collaboration by fostering engagement and knowledge sharing.
* Networking Opportunities:Employees can connect with colleagues who share similarinterests or professional expertise.
* Enhanced Learning & Collaboration:Enables employees to share insights, best practices, and innovative ideas.
* Organizational Growth:Encourages cross-functional collaboration to improve business outcomes.
References:Oracle Fusion Cloud HCM - Employee Experience & Collaboration Guide.
NEW QUESTION # 11
Which metric associated with the Workforce Plan to Budget OMBP is utilized in talent and financial planning?
- A. Benefits Cost per Employee, for assessing the efficiency of employee benefits programs and its impact on overall compensation costs.
- B. Time to Fill, for evaluating the efficiency of the Recruitment process, measuring the time it takes to fill open positions.
- C. Position Actual to Budget, for analyzing position cost variances, helping organizations identify how resources are allocated.
Answer: C
Explanation:
Comprehensive and Detailed Explanation:ThePosition Actual to Budgetmetric is essential in bothtalent managementandfinancial planningas it helps HR and finance teams analyze cost variances between budgeted and actual workforce expenses.
* Cost Control & Resource Allocation:Organizations can use this metric to track workforce expenditures and compare them with planned budgets, helping in financial decision-making.
* Workforce Planning:Helps identify where budget constraints impact hiring or if additional resources need to be allocated.
* Strategic Adjustments:If significant variances are detected, organizations can reevaluate hiring strategies, adjust budgets, or optimize workforce distribution.
References:Oracle Fusion Cloud HCM - Workforce Planning and Budgeting Guide.
NEW QUESTION # 12
Which three features are included in a Starter Configuration?
- A. Configuration of Oracle Cloud Applications
- B. Sample master data and transaction data
- C. Customization of standard features
- D. Artificial Intelligence capabilities
- E. Customer production data
Answer: A,B,D
Explanation:
Comprehensive and Detailed Explanation:AStarter Configurationin Oracle Fusion Cloud Applications provides a pre-built setup that organizations can use as a foundation for implementation. It includes:
* Sample Master and Transaction Data:Allows testing of configurations with predefined data models.
* Artificial Intelligence Capabilities:Enables AI-driven insights, recommendations, and automation within Oracle Cloud Applications.
* Configuration of Oracle Cloud Applications:Comes with pre-configured modules to facilitate rapid deployment.
References:Oracle Fusion Cloud HCM Implementation Guide - Starter Configurations and Embedded OMBPs.
NEW QUESTION # 13
What is the key benefit of embedding OMBPs in a Starter Configuration?
- A. Provides a platform for customers to access third-party Oracle Fusion Applications configurations.
- B. Provides a fully customized setup of Oracle Fusion Applications implementations.
- C. Provides a standard configuration that supports solution-led implementation of Oracle Fusion Applications.
Answer: C
Explanation:
Comprehensive and Detailed Explanation:OracleObjective Measurement and Benchmarking Practices (OMBPs)in Starter Configuration serve as predefined, industry-standard configurations. These configurations enable organizations to streamline the setup process and adopt best practices without needing extensive customization.
* Accelerated Implementation:By leveraging predefined configurations, organizations can reduce the time required for deployment and minimize setup errors.
* Solution-Led Approach:Provides organizations with a ready-to-use framework that alignswith best practices in enterprise resource planning (ERP) and human capital management (HCM).
* Scalability and Flexibility:While the starter configuration provides a foundation, organizations can still customize settings to meet specific business needs.
References:Oracle Fusion Cloud HCM Implementation Guide - Starter Configurations and Embedded OMBPs.
NEW QUESTION # 14
How does the Workforce Plan to Budget OMBP assist organizations in optimizing their resource allocation?
- A. By creating a comprehensive workforce plan, identifying talent gaps, developing succession plans, and defining training needs.
- B. By forecasting talent needs and associated costs, aligning them with the organization's financial goals, and translating talent requirements into a budget.
- C. By analyzing market trends, competitor data, and industry benchmarks to inform talent acquisition and retention strategies.
Answer: B
Explanation:
Comprehensive and Detailed Explanation:TheWorkforce Plan to Budget OMBPallows organizations to align workforce planning with financial strategies to optimize resource allocation.
* Forecasting Talent Needs:Identifies short-term and long-term hiring requirements based on business growth projections.
* Cost Management:Helps organizations balance workforce expansion with budget constraints to avoid over-hiring or under-utilization of funds.
* Strategic Workforce Planning:Translates hiring requirements into a structured budget to ensure efficient allocation of financial resources.
References:Oracle Fusion Cloud HCM - Workforce Planning and Budgeting Guide.
NEW QUESTION # 15
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