1Z0-1049-22 Online Practice Questions and Answers

A corporation is implementing Oracle Fusion Workforce Compensation. 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? (Choose the best answer.)

A. From the input value of the payroll element

B. From the Legislative Data Group level, because that is the highest level in the hierarchy.

C. From the Organization payment level, because the compensation isfinally paid through this

D. From the Bank account level

The compensation plan that is implemented for your customer has a column that defaults based on adynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)

A. by setting up the properties of the column as updatable only once

B. by deselecting the Refresh Data triggering event in the dynamic column

C. by deselecting the Start Compensation Cycletriggering event in the dynamic column

D. by deselecting the Change Worksheet Data triggering event in the dynamic column

While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)

A. Enable components and create at least one component (Configure Compensation Components).

B. Enable the Communications tab type (Configure Worksheet Page Layout).

C. Enable components and create a component linked to the budget pool (Configure Compensation Components).

D. Configure related components (Configure Worksheet Page Layout: Detail Table tab.)

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

A. Dates

B. Monetary Values

C. morethan one nonmonetary unit of measure

D. Non Monetary Values

E. Text

A corporation is implementing Oracle Fusion Workforce Compensationand needs to set up the following

for all employees:

Salary paid based on the grades of employees.

Car allowance paid based on the department and position.

Spot bonus paid based on a committee's decision.

Identify the correct option for the setup. (Choose the best answer.)

A. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialistrespectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

B. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus ascomponents for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

C. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

D. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.

Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

A. Compensation history displays six categories of compensation.

B. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

D. The summary in the compensation history shows the data for only five years.

The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the bestanswer.)

A. It backs out started and processed events for participants.

B. It removes unneeded transaction data from prior plan cycles.

C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.

D. It backs out unrestricted events for participants.

Your customer's compensation managerneeds to know, what are the four valid statuses of the compensation worksheet? (Choose four.)

A. Budget Available

B. Started

C. Submitted

D. Partially approved

E. Unprocessed

F. Fully Approved

G. Processed

H. Closed

You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year. How should you achieve this? (Choose the best answer.)

A. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.

B. Do not select any additional actions other than Manage Contributions with access level as Create: Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed.

C. Make the plan available for all actions in the list with access level for each action Always allowed.

D. Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.

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 user access should be based on career levels or earnings thresholds

B. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle

C. if there should be a "white list" name criteria for access to the plan

D. if plan access should be related to HR actions

E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions

F. whether or not to restrictaccess to the plan at all