Oracle 1z0-495 Q&A - in .pdf

  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Aug 06, 2026
  • Q & A: 71 Questions and Answers
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  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Aug 06, 2026
  • Q & A: 71 Questions and Answers
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About Oracle Fusion HCM: Compensation 2014 Essentials - 1z0-495 Exam Actual Tests

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Oracle 1z0-495 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Basics- Salary and Compensation Components
- Compensation Plan Concepts
Topic 2: Total Compensation Statements- Statement Definitions
Topic 3: Plan Configuration- Eligibility and Profiles
- Budgeting and Worksheets

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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


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

A) Summary
B) Worker List
C) Detail table
D) Budgeting
E) Information
F) Actions
G) Comments


3. Which three statements are true regarding Plan Cycles?

A) All active plans are available to be cross-referenced, even plans with no started cycles.
B) Active plans are available to be cross-referenced, except plans with no started cycles.
C) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
D) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
E) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.


4. Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?

A) The Compensation Models
B) The Salary Component Lookup
C) It is not possible to achieve this, because only the delivered salary component can be used
D) The Configure Compensation Component task Manager plans


5. 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, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) 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.
C) 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,
D) 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.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B,C,D,E,F
Question # 3
Answer: C,D,E
Question # 4
Answer: C
Question # 5
Answer: A,C

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