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

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Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Jun 03, 2026

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
B) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode once it is past the eligibility determination date.


2. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?

A) Market adjustment due to salary being out of line with the market
B) Equity adjustment to correct salary compression or inversion
C) Regular and automatic adjustment
D) Adjustment due to corrections within the organization


3. Which three statements are true regarding Plan Cycles?

A) All active plans are available to be cross-referenced, even plans with no started cycles.
B) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
C) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
D) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.


4. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct?

A) A model can be shared with the direct reports of the creator.
B) Managers cannot share a model created by them.
C) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
D) Access of a model is limited only to the creator of the model.
E) Managers can create their own models and use them.
F) Managers can use a model created by compensation professionals.


5. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and all other details are auto-populated excluding the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
C) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
D) Any payroll element can be added and all other details are auto-populated including the history category.


Solutions:

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

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