1Z0-1049-21 Exam Training Practice Tests (Oracle Compensation Cloud 2021 Implementation Essentials)]

Question 1

You arecreating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

A. Minimum, Maximum, Mid Point, and Value B. Minimum, Maximum, Mid Point, or Value C. Minimum, Maximum, and Value D. Minimum, Maximum, or Value

Correct Answer: D

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Question 2

Which two tasks are performed by compensation managers while determining budgets?(Choose two.)

A. Determine budget amounts offline by downloading budget details to a spreadsheet. B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budgetamounts. C. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level. D. Manually calculate budget amounts or automatically determine budget amounts by using a model.

Correct Answer: B,C

Question 3

Which two tasks are true aboutcomponents in worksheet configurations? (Choose two.)

A. You can create up to five components to represent the different types of compensation that you want to award within a plan. B. There is the flexibility to add any number of components within a compensation plan. C. Each component has to be of a separate type, such as salary or bonus. D. Plans must have at least one component if awarding compensation.

Correct Answer: A,D

Question 4

Which four options are valid refresh options for the Refresh Data process? (Choose four.)

A. Refresh summary totals B. Refresh HR Data C. Refresh Plan Currency D. Refresh Base and Eligible Salary E. Refresh Manager Hierarchy F. Refresh Plan Access G. Reevaluate Eligibility

Correct Answer: A,B,E,G

Question 5

A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hocpayments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)

A. Some element eligibility criteria may not be available, depending onthe level at which the element is attached. B. You can define multiple eligibility criteria for each element, but there must be an overlap between them. C. You candefine multiple eligibility criteria for each element, but there must not be any overlap between them. D. You cannot define multiple eligibility criteria for each element in any case.

Correct Answer: C,D

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Question 6

Your client has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the three-level manager hierarchy. While setting up the approval hierarchy, the compensation administrator wanted to set up notifications for any errors occurring during the workflow.
Identify the three allowed options needed to set up notifications accordingly. (Choose three.)

A. Groups B. Individual users C. Duty roles D. Application roles

Correct Answer: A,C,D

Question 7

A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choosethree.)

A. Secondary classifications are subsets of the primary classifications. B. Predefined primary classifications cannot be removed or changed. C. Primary classifications are provided mainly to reflect tax legislation. D. Elements can have multiple primary and multiple secondary classifications. E. Predefined secondary classifications can be removed or changed.

Correct Answer: A,B,C

Question 8

You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)

A. The category does not have employee contribution. B. The category does not have employer contribution. C. The category has been added as a subcategory. D. The category does not have a graph defined in it.

Correct Answer: C

Question 9

Your customer wants to configure a workforce compensation plan with multiple cycles.Identify two correct statements about plan cycles. (Choose two.)

A. A plan can have multiple compensation cycles, each with same period dates. B. A plan can have multiple compensation cycles, each with unique period dates. C. Each plan that requires a different cycle must be created manually. D. You can duplicate a cycleand specify the number of months to advance all dates.

Correct Answer: B,D

Question 10

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. Statement definitions B. Category Type C. Category Detail D. Compensation Items E. Contribution Type and Unit of Measure F. Level of detail

Correct Answer: B,E,F

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Question 11

Contingent workers are ineligible as per the eligibility rules defined for your organization's compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the "Refresh Workforce Compensation Data" nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager's worksheet. How is this possible? (Choose the best answer.)

A. Show Ineligible Workers is selected in the compensation plan. B. Track Ineligible Workers is selected in the compensation plan. C. Hide Ineligible Workers is selected in the compensation plan. D. Process IneligibleWorkers is selected in the compensation plan.

Correct Answer: D

Question 12

A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)

A. Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime. B. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time. C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees. D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.

Correct Answer: B

Oracle Compensation Cloud 2021 Implementation Essentials - 1Z0-1049-21 Exam Practice Test