Oracle 1z1-495 : Oracle Fusion HCM: Compensation 2014 Essentials

  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: May 29, 2026
  • Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which three dates are mandatory while creating plan cycles?

A) Evaluation Period Start Date
B) HR Data Extraction Date
C) Plan Access Start Date
D) Default Due Date
E) Worksheet Update Period Start Date


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

A) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
B) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
C) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
D) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.


3. 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 both Performance Management ratings and compensation ratings.
D) Integrate with Oracle Fusion Performance Management.
E) Use compensation performance ratings.


4. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Select "Pay Separately" as the "Special Purpose" option.
B) Database items are created by default for the element input values.
C) Create an "Amount" input value at the element eligibility link level.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.


5. 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 lower-level manager's access level is changed to "Approved."
B) The worksheet goes to next level for approval.
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.


Solutions:

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

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