[Apr 03, 2022] Download Free Oracle 1Z0-1049-21 Real Exam Questions
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NEW QUESTION 10
Per your client's policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.
You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)
- A. Restricted
- B. Eligible
- C. Provisional
- D. Ineligible
- E. Limited
Answer: A
NEW QUESTION 11
A corporation has generated total compensation statements and allworkers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)
- A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
- B. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
- C. Ignore any corrective action.
- D. Start manual changes in each worker's total compensation statement.
Answer: B
NEW QUESTION 12
You are configuring a plan cycle date that should be visible to managers on the Approvals tab so that they can submit their worksheets before that date. But you do not want toenforce the date because you want the managers to be able to submit their worksheets even after the date is past. Which date should you use?
(Choose the best answer.)
- A. worksheet update start and end dates
- B. HR extraction date
- C. default date due
- D. evaluation period start and end dates
- E. currency conversion date
Answer: C
NEW QUESTION 13
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan areJanuary 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)
- A. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
- B. Configure Plan access start and end dates from January 1 to December31 of the year.
- C. Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 ofthe year.
- D. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
Answer: C
NEW QUESTION 14
Performance Ratings are enabled in a compensationplan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)
- A. Create Target Distributions for each of the rating levels.
- B. Populate Rating Categories for all rating levels.
- C. Create a Rating Level for the rating model.
- D. Review points with from and to points entered for the rating level.
Answer: A,B
NEW QUESTION 15
Yourcustomer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* WorksheetUpdate Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
- A. The salary adjustment or lumpsum must be manually calculated and added for such workers.
- B. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
- C. Terminated workers should be excluded from being processed in Workforce Compensation plans.
- D. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
- E. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
Answer: D
NEW QUESTION 16
While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be truein this case? (Choose three.)
- A. Lower-level managers can no longer make any updates totheir worksheets.
- B. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
- C. The worksheet goes to next level for approval.
- D. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
- E. The lower-level manager's access level is changed to "Approved."
Answer: C,D,E
NEW QUESTION 17
Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)
- A. if there should be a "white list" name criteria for access to the plan
- B. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
- C. If user access should be based on career levels or earnings thresholds
- D. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
- E. whether or not to restrict access to the plan at all
- F. if planaccess should be related to HR actions
Answer: B,E,F
NEW QUESTION 18
Your customer wants to limit contributions to a particular individual compensation plan to workers with at leasta year of service. How should you accomplish this? (Choose the best answer.)
- A. Use a fast formula to restrict access to the plan.
- B. Create a relevant eligibility profile and associate it with the plan.
- C. Create user-defined criteria, and then create the eligibility profile and plan.
- D. Create an eligibility profile with the exclude option and associate it with the plan
- E. Create a derivedfactor, and then create the eligibility profile and plan.
Answer: B
NEW QUESTION 19
When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
- A. Direct Reports
- B. Budget sheet population
- C. Entire organization's population under that manager
- D. Worksheet population
- E. The filtered population
Answer: D
NEW QUESTION 20
A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amountas one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)
- A. Select "Pay Separately" as the "Special Purpose" option.
- B. Database items are created by default for the element input values.
- C. Create an "Amount" input value at the element eligibility link level.
- D. Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
Answer: D
NEW QUESTION 21
An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)
- A. annually, because the history must always be shown with annual amounts
- B. weekly, because the employee is on a weekly payroll
- C. the frequency of theemployee's salary basis
- D. hourly, because the employee has hourly pay
Answer: B
NEW QUESTION 22
What happens if eligibility requirements aredifferent for components than they are for a plan? (Choose the best answer.)
- A. This is not possible. Component-level eligibility is always identical to plan-level eligibility.
- B. Plan-level eligibility is evaluated before component-level eligibility.
- C. Plan-level eligibility is ignored and a warning is reported.
- D. Component-level eligibility is ignored and a warning is reported.
- E. Component-level eligibility isevaluated before plan-level eligibility.
Answer: B
NEW QUESTION 23
A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)
- A. the Validate Plan Setup process
- B. the Refresh Data process
- C. the Start Compensation Cycle process
- D. the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
Answer: D
NEW QUESTION 24
While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)
- A. Detail table
- B. Budgeting
- C. Actions
- D. Comments
- E. Summary
- F. Information
- G. Worker List
Answer: A,B,C,E,G
NEW QUESTION 25
Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
* Working hours = 32 hours per week
* Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the bestanswer.)
- A. Annual Salary = 52000, Annualization Salary = 41600
- B. Annual Salary = 41600, Annualization Salary = 41600
- C. Annual Salary = 32280, Annualization Salary = 52000
- D. Annual Salary = 32280, Annualization Salary = 41600
Answer: B
NEW QUESTION 26
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
- A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
- B. Override line manager allocations, job changes, and performance ratings.
- C. Run processes to initiate a compensation cycle.
- D. Override line manager allocations, job changes, andperformance ratings.
- E. Analyze plan results.
- F. Maintain currency rates and access to plans from the watchlist.
Answer: A,B,C,D
NEW QUESTION 27
As an implementation consultant, you are defining entry values for an element in the Fusion application.
Which statement is true about selecting the rules for the element's entry value? (Choose the best answer.)
- A. An element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- B. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
- C. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.
- D. An element with the Automatic Entry option selected can allow multiple entries in the same period.
Answer: B
NEW QUESTION 28
Your customer must use Grade Ladders to suitthe industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
- A. byusing Min, Max, and Mid Point rate values
- B. by using LDG-specific Grade Min, Max, and Mid Point rate values
- C. by associating the Grade Ladders with legal entities
- D. by using steps and rate values
Answer: A
NEW QUESTION 29
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)
- A. Employee termination
- B. Any custom alert
- C. Allocation exceeding target
- D. Leave of Absence
Answer: D
NEW QUESTION 30
A corporation implemented Oracle Fusion WorkforceCompensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)
- A. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
- B. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic.
Therefore, a new Salary Basis must be created with a new Grade rate. - C. No new Grade rate can be created.
- D. A new Grade rate can be created and the Salary basis can be modified to include it.
Answer: A
NEW QUESTION 31
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)
- A. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
- B. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- C. You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.
- D. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
- E. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
Answer: A,B,C,D
NEW QUESTION 32
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