Updated: Sep 02, 2026
No. of Questions: 71 Questions & Answers with Testing Engine
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion HCM: Compensation 2014 Essentials |
| Exam Number: | 1Z0-495 |
| Exam Format: | Multiple choice |
| Real Exam Qty: | 71 |
| Sample Questions: | Oracle 1z1-495 Sample Questions |
| Section | Objectives |
|---|---|
| Topic 1: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Topic 2: Total Compensation Statements | - Statement Definitions |
| Topic 3: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
Question 1
A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.
A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
B. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
D. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
Question 2
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. Legal Employee
B. Information
C. General
D. Default Value
Question 3
Which five tasks can be performed by a compensation manager?
A. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
B. Review and approve work of Superior Manager.
C. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
D. Promote and rate worker performance while allocating compensation.
E. Determine compensation amounts offline by downloading details to a spreadsheet.
F. Allocate compensation.
Question 4
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
A. Compensation Manager
B. Line Manager
C. Compensation Administrator
D. HR Specialist
Question 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 can withdraw the submission and reprocess the compensation allocation.
B. The worksheet goes to next level for approval.
C. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
D. The lower-level manager's access level is changed to "Approved."
Solutions:
| Question 1 Answer: D | Question 2 Answer: B,C | Question 3 Answer: A,C,D,E | Question 4 Answer: D | Question 5 Answer: A,C,D |
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