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

1z1-495
  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Jul 14, 2025
  • Q & A: 71 Questions and Answers
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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?

A) Dismiss
B) Accept
C) Reject
D) Reply


2. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Plan access
B) Approval routing
C) Allocating budgets
D) Feedback survey
E) Sending Compensation alerts


3. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Salary Component
B) Plan Access
C) Action and Action Reasons
D) Budget Pools
E) Plan Eligibility


4. 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 still make changes in the worksheet and resubmit it for approval.
B) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
C) The lower-level manager's access level is changed to "Approved."
D) The worksheet goes to next level for approval.


5. 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 with the same payroll element. The frequency of both salary basis and the grade rate should match.
B) 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.
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 need not match.
D) 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.


Solutions:

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

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