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- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Sep 18, 2026
- Q & A: 71 Questions and Answers
- PDF Version + PC Test Engine + Online Test Engine
- Value Pack Total: $119.98 $79.99
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Oracle 1z1-495 dumps - Testing Engine
- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Sep 18, 2026
- Q & A: 71 Questions and Answers
- Software Price: $59.99
- Testing Engine
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Plan Configuration | - Budgeting and Worksheets - Eligibility and Profiles |
| Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?
- A. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
- B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
- D. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match.
Correct Answer: D 🗳️
Question #2
You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.
- A. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
- B. Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
- C. Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- D. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
- E. Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
Correct Answer: D 🗳️
Question #3
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. Multiple components cannot have a single budget.
- C. Budgets cannot be separate for each component.
- D. Budgets can be separate for each component.
Correct Answer: B,C 🗳️
Question #4
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct?
- A. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
- B. To include items in statements you must add items to a compensation category.
- C. You can add items to statement definitions directly.
- D. You can add items to statement definitions directly, and to include Items in statements you must add items to a compensation category.
Correct Answer: B 🗳️
Question #5
Identify the three correct statements for an alternate approver hierarchy.
- A. You can create multiple approvers for the same manager.
- B. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- C. The alternate approver must be a part of the regular plan hierarchy.
- D. The highest Approval sequence is the final approver.
Correct Answer: A,B,D 🗳️
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