Oracle Fusion HCM: Compensation 2014 Essentials : 1z0-495 valid dumps

1z0-495 real exams

Exam Code: 1z0-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Apr 23, 2025

Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.


2. A corporation is implementing Oracle Fusion Compensation Management. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level?

A) From the organization payment level, because the compensation is finally paid through this
B) From the Legislative Data Group level, because that is the highestlevelin the hierarchy
C) From the input value of the payroll element
D) From the Bank account level


3. 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) Approval routing
C) Feedback survey
D) Plan access
E) Allocating budgets


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

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


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 are the foundation upon which the Compensation Statement is built.
D) Compensation items are added to a compensation category to include them in statements.
E) Compensation items cannot be used across statement definitions.


Solutions:

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

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