Oracle Fusion HCM: Compensation 2014 Essentials: 1z0-495 Exam
"Oracle Fusion HCM: Compensation 2014 Essentials", also known as 1z0-495 exam, is a Oracle Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 71 Q&As to your 1z0-495 Exam preparation. In the 1z0-495 exam resources, you will cover every field and category in Oracle Applications Certification helping to ready you for your successful Oracle Certification.
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- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Certification Provider: Oracle
- Corresponding Certification: Oracle Applications
- Updated: Oct 15, 2026
- No. of Questions: 71 Questions & Answers with Testing Engine
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 2: Total Compensation Statements | - Statement Definitions |
| Topic 3: Plan Configuration | - Budgeting and Worksheets - Eligibility and Profiles |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?
- A. Formula
- B. Payroll Balance
- C. Element Entry
- D. Deduction Range
- E. Benefit Balance
- F. Input Value
Correct Answer: B,C,E,F 🗳️
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. Managers can create their own models and use them.
- B. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- C. Managers can use a model created by compensation professionals.
- D. Managers cannot share a model created by them.
- E. Access of a model is limited only to the creator of the model.
- F. A model can be shared with the direct reports of the creator.
Correct Answer: B,C,D,F 🗳️
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
- A. More than one administrator might be using the item and, therefore, it cannot be deleted.
- B. Before deleting the item, you must configure a zero value behavior for the item.
- C. The item cannot be deleted, because it is attached to a category.
- D. The above scenario does not stand true as the item can be deleted.
Correct Answer: A 🗳️
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
- A. Integrate with Oracle Fusion Goal Management.
- B. Integrate with Oracle Fusion Profile Management.
- C. Use compensation performance ratings.
- D. Use both Performance Management ratings and compensation ratings.
- E. Integrate with Oracle Fusion Performance Management.
Correct Answer: B,C,D 🗳️
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?
- A. Worker is on long-term leave
- B. Grade changed in HR
- C. Allocation outside target range
- D. Salary changed in HR
- E. Worker was terminated
- F. Job changed in HR
Correct Answer: A,B,C,E 🗳️
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