Free 1z1-495 Questions for Oracle Fusion HCM: Compensation 2014 Essentials 1z1-495 Exam as PDF & Practice Test Engine

Exam Code/Number: 1z1-495
Exam Name/Title: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications

Exam Questions: 71
Updated On: May 27, 2026

Question #1

You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A. Sending Compensation alerts

B. Allocating budgets

C. Feedback survey

D. Plan access

E. Approval routing

Discussion 0

Correct Answer: C,E Vote an answer

Question #2

A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A. No components are defined to handle these salary adjustments.

B. Salary basis is configured to be non-updatable.

C. Automatic entry is checked at the element eligibility link for the payroll element used.

D. Automatic entry is checked for the payroll element used.

Discussion 0

Correct Answer: A,D Vote an answer

Question #3

While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A. The worksheet goes to next level for approval.

B. The lower-level manager's access level is changed to "Approved."

C. The lower-level manager can withdraw the submission and reprocess the compensation allocation.

D. The lower-level manager can still make changes in the worksheet and resubmit it for approval.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #4

A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A. No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

B. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.

C. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.

D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

Discussion 0

Correct Answer: B Vote an answer

Question #5

Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A. Compensation History

B. Person Attributes

C. Legislative Information

D. AssignmentTables

Discussion 0

Correct Answer: B,D Vote an answer

Question #6

You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A. Your user role does not have access to view the plan.

B. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."

C. The Compensation Administrator or equivalent role is not attached to your plan.

D. Access to the Compensation Administrator role is restricted in Plan Access.

E. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.

Discussion 0

Correct Answer: A,B,D Vote an answer

Question #7

While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A. Default Value

B. Information

C. General

D. Legal Employee

Discussion 0

Correct Answer: B,C Vote an answer

Question #8

Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.

B. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

C. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.

D. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.

Discussion 0

Correct Answer: B,C,D Vote an answer

Free 1z1-495 Questions for Oracle Fusion HCM: Compensation 2014 Essentials 1z1-495 Exam as PDF & Practice Test Engine

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