Prepare 1Z0-1049-21 Question Answers - 1Z0-1049-21 Exam Dumps
Real Oracle 1Z0-1049-21 Exam Questions [Updated 2022]
NEW QUESTION 21
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)
- A. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
- B. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
- C. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
- D. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
Answer: A
NEW QUESTION 22
While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must considerwhich three options? (Choose three.)
- A. Contribution Type and Unit of Measure
- B. Compensation Items
- C. Category Detail
- D. Statement definitions
- E. Category Type
- F. Level of detail
Answer: A,E,F
Explanation:
Explanation
Group related compensation together intocompensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
* Category type
* Contribution type and unit of measure
* Level of detail
NEW QUESTION 23
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded data. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)
- A. The data uploaded takes some time to be processed by the server and, therefore, when download is clicked immediately, it might still show the older data.
- B. This action causes the committed data to roll back, thereby revoking the changes processed.
- C. When the Upload button is clicked, the data is loaded to a staging table and an upload process is triggered. This process has to complete successfully before the new data can be downloaded.
- D. This action causes the committed data to download immediately, thereby obscuring the error messages.
Answer: C
NEW QUESTION 24
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)
- A. The task is only for notification and has no rules.
- B. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
- C. The task applies to selected allocations, usestwo levels of the Supervisory list builder, and requires a response from the current approver.
- D. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
Answer: C
NEW QUESTION 25
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
- A. Compensation amounts Selection
- B. Compensation Organization Selection
- C. Compensation Person Selection
- D. Compensation CurrencySelection
- E. Compensation Item Selection
Answer: A,E
NEW QUESTION 26
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)
- A. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- B. Managers cannot sharea model created by them.
- C. Access of a model is limited only to the creator of the model.
- D. Managers can create their own models and use them.
- E. A model can be shared with the direct reports of the creator.
- F. Managers can use a model created by compensation professionals.
Answer: A,D,E,F
NEW QUESTION 27
Which two tasks are performed by compensation managers while determining budgets?(Choose two.)
- A. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budgetamounts.
- B. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
- C. Manually calculate budget amounts or automatically determine budget amounts by using a model.
- D. Determine budget amounts offline by downloading budget details to a spreadsheet.
Answer: A,B
NEW QUESTION 28
A corporation implementedFusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)
- A. Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
- B. Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
- C. Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
- D. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outsidethe range of salary configured in the grade rate attached to the salary basis.
Answer: B,D
NEW QUESTION 29
As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)
- A. Edits to compensation categories affect all statement definitions that use that category.
- B. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- C. The statement definition consists of compensation items added to compensation categories.
- D. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
- E. The statement definition acts as a template and determines the layout and content of the generated statement.
- F. Compensation items with sources belonging to different legal employers cannot be added.
Answer: C,D,E
NEW QUESTION 30
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 31
Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)
- A. Any payroll element can be added and all other details are auto-populated excluding thehistory category.
- B. 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.
- C. 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.
- D. Any payroll element can be added and all other details are auto-populated including the history category.
Answer: C
NEW QUESTION 32
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. 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. - B. Make the plan available for all actions in the list with access level for each action Always allowed.
- C. Do not select any additional actionsother than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
- D. 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.
Answer: C
NEW QUESTION 33
Which three dates are mandatory while creating plan cycles? (Choose three.)
- A. Worksheet Update Period Start Date
- B. Evaluation Period Start Date
- C. Plan Access Start Date
- D. HR Data Extraction Date
- E. Performance Rating Date
- F. Default Due Date
Answer: A,B,C
NEW QUESTION 34
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. Text
- B. Monetary Values
- C. Dates
- D. Non Monetary Values
- E. morethan one nonmonetary unit of measure
Answer: A,C,D
NEW QUESTION 35
Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)
- A. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- B. You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.
- C. You can allow managers to update the overall performance rating,overall goal rating, and overall competency rating in the compensation worksheet.
- D. Ifyou use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
Answer: A,C,D
NEW QUESTION 36
What happens if you include ineligible workers on the worksheet? (Choose the best answer.)
- A. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.
- B. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
- C. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
- D. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.
Answer: D
NEW QUESTION 37
When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)
- A. You must use VariableAllocationTaskand not VariableAllocationFYITask.
- B. You must use VariableAllocationTask and edit the rules if using only for notification.
- C. You may use either VariableAllocationTask and VarialbeAllocationFYITask
- D. You must use VariableAllocationFYITask and not VariableAllocationTask.
Answer: D
NEW QUESTION 38
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 whileconfiguring salary basis comes from which level? (Choose the best answer.)
- A. From the Bank account level
- B. From the Legislative Data Group level, because that is the highest level in the hierarchy.
- C. From the input value of the payroll element
- D. From the Organization payment level,because the compensation is finally paid through this
Answer: B
NEW QUESTION 39
Which three statements are true about individual compensation plans? (Choose three.)
- A. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
- B. Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
- C. Individual compensation plans arenecessary for payment of items such as spot bonus.
- D. A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
- E. Individual compensation plans are not necessary for payment of items such as spot bonus.
Answer: A,B,C
NEW QUESTION 40
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)
- A. either with eligibility profiles or through element eligibility
- B. with the eligibility profiles, never through element eligibility
- C. a mix of element eligibility and eligibility profiles
- D. through element eligibility only, never with eligibility profiles
Answer: C
NEW QUESTION 41
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