1z0-1049 Exam - Oracle Compensation Cloud 2019 Implementation Essentials

NEW QUESTION 1
Which item is false regarding plan access? (Choose the best answer.)

• A. Compensation administrators have access to all plan configuration tasks for all plans.
• B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
• C. A compensation administrator’s general access cannot be overridden.
• D. A compensation administrator’s general access can be overridden using roles.

Answer: C

NEW QUESTION 2
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)

• A. The rating will be available to only the plan where it is updated.
• B. The rating will be available to all plans that are currently active.
• C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
• D. The rating will be available to only the plans where the same manager is involved.

Answer: B

NEW QUESTION 3
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

• A. You can add items to statement definitions directly.
• B. To include items in statements you must add items to a compensation category.
• C. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
• D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.

Answer: B

NEW QUESTION 4
Which three statements are true about payroll deductions? (Choose three.)

• A. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
• B. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.
• C. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
• D. The deduction element’s status processing rule drives the calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.
• E. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.

Answer: ADE

NEW QUESTION 5
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. Track Ineligible Workers is selected in the compensation plan.
• B. Show Ineligible Workers is selected in the compensation plan.
• C. Hide Ineligible Workers is selected in the compensation plan.
• D. Process Ineligible Workers is selected in the compensation plan.

Answer: D

NEW QUESTION 6
Which statement is true regarding elements? (Choose the best answer.)

• A. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
• B. Elements have one primary classification, one secondary classification, and one subclassification.
• C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
• D. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
• E. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.

Answer: E

Explanation:
Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.

NEW QUESTION 7
Identify the three choices available when configuring approvals. (Choose three.)

• A. Approval mode
• B. Submit mode
• C. Alternate approver hierarchy
• D. Auto Approval

Answer: ABC

NEW QUESTION 8
As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

• A. An employee transfers into your organization.
• B. An employee’s data has been corrected by HR and it now satisfies the eligibility criteria.
• C. An employee leaves an organization.
• D. A contingent employee becomes a regular employee.
• E. A loaned employee in your organization returns after assignment completion.
• F. An intern in your organization gets his place confirmed as an employee.

Answer: ABDE

NEW QUESTION 9
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

• A. Set up role-based security to the individual compensation work area so that only managers are allowed.
• B. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
• C. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
• D. Set up a salary basis and restrict the eligibility to the required roles.

Answer: C

NEW QUESTION 10
Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

• A. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.
• B. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.
• C. Create four salary bases and four grade rates, and attach the grade rates to the salary bases.
• D. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.

Answer: C

NEW QUESTION 11
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

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

Answer: BD

NEW QUESTION 12
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process. (Choose the best answer.)

• A. Compensation Administrator
• B. Compensation Manager
• C. Line Manager
• D. HR Specialist

Answer: C

NEW QUESTION 13
An administrator of a corporation needs to view a worker’s salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)

• A. Line Manager
• B. Compensation Manager
• C. HR Specialist
• D. Expenses Manager

Answer: ABC

NEW QUESTION 14
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)

• A. In Approvals
• B. Processed
• C. Fully Approved
• D. Submitted
• E. Work in Progress

Answer: D

NEW QUESTION 15
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.

Answer: D

NEW QUESTION 16
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

• A. Budgets can be separate for each component.
• B. Budgets cannot be separate for each component.
• C. Multiple components can have a single budget.
• D. Multiple components cannot have a single budget.

Answer: AC

Explanation:
If you use budgeting, you can have separate budgets for each component or link multiple components to a single budget. You can also link budgets to off-cycle compensation plans. For example, you can give a manager a single annual budget amount and draw both focal and off-cycle awards from the same budget pool. Once you enable budgeting, you configure how data displays on the budget page, such as data display order, available menu actions, and text instructions to the managers. Also, you can copy a budget page layout from another plan.

NEW QUESTION 17
Which two tasks are true about components in worksheet configurations? (Choose two.)

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

Answer: AB

NEW QUESTION 18
When compiling Fast Formula, you receive the error message “Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed.”
What is the cause of the error? (Choose the best answer.)

• A. misuse of context
• B. uninitialized variable
• C. incorrect operator usage
• D. syntax error

Answer: C

NEW QUESTION 19
What is the maximum number and kind of items that you can add when defining a custom category? (Choose the best answer.)

• A. three custom columns
• B. five custom columns
• C. three items
• D. three subcategories

Answer: B

NEW QUESTION 20
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct? (Choose four.)

• A. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
• B. Managers can create their own models and use them.
• C. Managers cannot share a model created by them.
• D. Managers can use a model created by compensation professionals.
• E. Access of a model is limited only to the creator of the model.
• F. A model can be shared with the direct reports of the creator.

Answer: ABDF

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. hourly, because the employee has hourly pay
• B. weekly, because the employee is on a weekly payroll
• C. annually, because the history must always be shown with annual amounts
• D. the frequency of the employee’s salary basis

Answer: B

NEW QUESTION 22
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

• A. Deduction ranges
• B. Deduction range group
• C. Deduction range Values
• D. Deduction overrides

Answer: A

NEW QUESTION 23
......