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Oracle 1z0-495 Exam Questions : Oracle Fusion HCM: Compensation 2014 Essentials
- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Oct 09, 2026
- Q&As: 71 Questions and Answers
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Topic 2: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 3: Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
- A. Use fast formula to display the employee currency using conversion rates
- B. Display the corporate currency
- C. Set the preferred currency in the worksheet
- D. Enable currency switching
Correct Answer: D 🗳️
Question #2
Which item regarding plan access is not true?
- A. A compensation administrator's general access can be overridden using roles.
- B. Compensation administrators have access to all plan configuration tasks for all plans.
- C. A compensation administrator's general access cannot be overridden.
- D. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
Correct Answer: C 🗳️
Question #3
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?
- A. Employee termination
- B. Leave of Absence
- C. Allocation exceeding target
- D. Any custom alert
Correct Answer: A 🗳️
Question #4
The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?
- A. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
- B. The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
- C. The published amount stay with the manager when workers are reassigned or their eligibility changes.
- D. The published budget is always a percentage of the total budget pool.
Correct Answer: A 🗳️
Question #5
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?
- A. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
- B. Compensation items can be added to statement definitions directly.
- C. Compensation items cannot be used across statement definitions.
- D. Compensation items are the foundation upon which the Compensation Statement is built.
- E. Compensation items are added to a compensation category to include them in statements.
Correct Answer: B,C 🗳️
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