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Oracle 1z0-495 Actual Tests : Oracle Fusion HCM: Compensation 2014 Essentials

1z0-495 actual test
  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Jul 22, 2026
  • Q & A: 71 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1z0-495 Exam Syllabus Topics:

SectionWeightObjectives
Individual Compensation20%- Configuring compensation history
- Setting up individual compensation plans
- Managing contributions and approvals
Elements, Formulas, and Eligibility20%- Managing fast formulas
- Describing element classifications and deductions
- Creating element eligibility criteria
Workforce Compensation25%- Setting up worksheets, approvals, and access
- Configuring plan cycles and budgets
- Administering compensation changes and models
- Designing compensation plans
Total Compensation Statements15%- Generating and publishing statements
- Managing statement layouts
- Defining compensation statements
Base Pay Configuration20%- Configuring salary components
- Managing base pay structures
- Defining salary basis

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Publish budgets automatically by running the Build Model process.
B) Copy budget amounts from a previous cycle.
C) Publish budgets manually.
D) Use a model to distribute budgets.


2. While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she needto perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposaland submitting it for approval?

A) Resolve errors created by the uploaded file.
B) Repeat the steps as many times as necessary to accommodate the revisions.
C) Download and authenticate workbooks.
D) Filter the edits and upload only the edited fields.
E) Edit the workbook data.
F) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.


3. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) To the current compensation plan and the Performance Management system
B) Only within the current compensation plan and the current cycle
C) Only within the current compensation plan and all cycles associated with it
D) To the current compensation plan and HR system


4. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Budgets can be separate for each component.
B) Budgets cannot be separate for each component.
C) Multiple components cannot have a single budget.
D) Multiple components can have a single budget.


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) Legislative Information
B) Person Attributes
C) Compensation History
D) AssignmentTables


Solutions:

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

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