[Oct 17, 2022] Latest Questions 1z0-1049-22 Guide to Prepare Free Practice Tests
Reliable 1z0-1049-22 Dumps Questions Available as Web-Based Practice Test Engine
Oracle 1z0-1049-22 Exam Syllabus Topics:
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NEW QUESTION 93
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)
- A. Compensation items can be added to statement definitions directly.
- B. Compensation items are added to a compensation category to include them in statements.
- C. Compensation items cannot be used across statement definitions.
- D. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
- E. Compensation items are the foundation upon which the Compensation Statement is built.
Answer: B,E
NEW QUESTION 94
After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this? (Choose the best answer.)
- A. The Validate Plan Setup process failed to report errors from the eligibility profiles.
- B. The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
- C. The Validate Plan Setup process does not validate eligibility profiles.
- D. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
Answer: B
NEW QUESTION 95
Which two tasks are true about components in worksheet configurations? (Choose two.)
- A. Plans must have at least one component if awarding compensation.
- B. Each component has to be of a separate type, such as salary or bonus.
- C. There is the flexibility to add any number of components within a compensation plan.
- D. You can create up to five components to represent the different types of compensation that you want to award within a plan.
Answer: A,D
NEW QUESTION 96
As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency is currently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)
- A. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- B. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
- C. Define a Category that includes the item and has currency defined as the Indian Rupee.
- D. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
Answer: D
NEW QUESTION 97
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 Amount as 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 the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
- B. Create an "Amount" input value at the element eligibility link level.
- C. Select "Pay Separately" as the "Special Purpose" option.
- D. Database items are created by default for the element input values.
Answer: A
NEW QUESTION 98
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 best answer.)
- A. It backs out unrestricted events for participants.
- B. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
- C. It removes unneeded transaction data from prior plan cycles.
- D. It backs out started and processed events for participants.
Answer: B
NEW QUESTION 99
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 best answer.)
- A. Annual Salary = 41600, Annualization Salary = 41600
- B. Annual Salary = 32280, Annualization Salary = 52000
- C. Annual Salary = 32280, Annualization Salary = 41600
- D. Annual Salary = 52000, Annualization Salary = 41600
Answer: A
NEW QUESTION 100
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)
- A. Before deleting the item, you must configure a zero value behavior for the item.
- B. More than one administrator might be using the item and, therefore, it cannot be deleted.
- C. The item cannot be deleted, because it is attached to a category.
- D. The above scenario does not stand true as the item can be deleted.
Answer: B
NEW QUESTION 101
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
- A. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
- B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
- C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
- D. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
- E. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
Answer: A,B,D,E
NEW QUESTION 102
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)
- A. Monetary, Nonmonetary, Date, Boolean
- B. Monetary, Nonmonetary, Timestamp, Text
- C. Monetary, Timestamp, Boolean
- D. Monetary, Nonmonetary, Date, Text
Answer: B
NEW QUESTION 103
The Compensation and Benefits policy defined for your organization limits contingent workers from getting an increment as part of the Annual Salary Review. As a result, the contingent workers are excluded in the eligibility profile and ineligible workers are not tracked as part of the Annual Salary Review Compensation Plan.
A recent change to this policy enforced a minimum increment for the entire contingent worker population. Consequently, the compensation administrator ran the Refresh Data process to update the worksheets and include the contingent workforce but none of the contingent workers are included. What should the compensation administrator do to bring the contingent workers into the manager's compensation worksheet? (Choose the best answer.)
- A. Update the eligibility profile to include the contingent workers and rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.
- B. Rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.
- C. Run the Start Workforce Compensation Cycle process.
- D. Update the eligibility profile to include the contingent workers and run the Start Workforce Compensation Cycle process.
Answer: A
NEW QUESTION 104
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
- A. Grade changed in HR
- B. Worker was terminated
- C. Job changed in HR
- D. Worker is on long-term leave
- E. Allocation outside target range
- F. Salary changed in HR
Answer: A,B,E,F
NEW QUESTION 105
Your customer wants to configure a workforce compensation plan with multiple cycles. Identify two correct statements about plan cycles. (Choose two.)
- A. You can duplicate a cycle and specify the number of months to advance all dates.
- B. A plan can have multiple compensation cycles, each with same period dates.
- C. A plan can have multiple compensation cycles, each with unique period dates.
- D. Each plan that requires a different cycle must be created manually.
Answer: A,C
NEW QUESTION 106
Your Workforce Compensation Plan has the following Plan Cycle setup:
Evaluation Period Start Date: 1-Jan-2014
Evaluation Period End Date: 31-Dec-2014
Worksheet Update Period Start Date: 1-Jan-2014
Worksheet Update Period End Date: 31-Dec-2014
HR Data Extraction: 31-Dec-2014
Eligibility Determination Date: 31-Dec-2014
Worksheet Update Period Start Date: 1-Nov-2014
Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, the Marketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes are included in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)
- A. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
- B. Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including the recent transfers and other employment changes.
- C. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
- D. Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
Answer: B
NEW QUESTION 107
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)
- A. Manage Legal Entity Deduction Records
- B. Manage Legal Reporting Unit Deduction Records
- C. Manage Personal Deductions
- D. Manage Payroll Deductions
Answer: B
Explanation:
Use the Manage Personal Deductions task in the Payroll Calculations or Payroll Administration work area to create deduction card overrides at the payroll relationship level. If overrides are allowed, the Overrides Allowed on Deduction Cards tab appears in the Component Details section of the Manage Deduction Cards page when you select a deduction component. Click Create to define an override. The override value you enter varies based on the type of override item defined in the deduction range, as described in the previous section. For example, you may enter a rate to be used in the deduction calculation or an amount to be added to the calculated amount.
If your localization supports deduction cards at multiple levels, use the Manage Legal Entity Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the payroll statutory unit level. Use the Manage Legal Reporting Unit Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the tax reporting unit level.
NEW QUESTION 108
You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)
- A. Minimum, Maximum, and Value
- B. Minimum, Maximum, or Value
- C. Minimum, Maximum, Mid Point, and Value
- D. Minimum, Maximum, Mid Point, or Value
Answer: B
Explanation:
Generate a warning message when a manager or compensation professional enters a new or adjusted salary that is outside the minimum or maximum values defined for the worker's grade in the grade rate attached to the salary basis.
NEW QUESTION 109
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. Worksheet population
- B. Budget sheet population
- C. The filtered population
- D. Entire organization's population under that manager
- E. Direct Reports
Answer: A
NEW QUESTION 110
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
- A. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.
- B. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
- C. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- D. Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process.
- E. Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
Answer: C
NEW QUESTION 111
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area? (Choose three.)
- A. status processing rules
- B. auto indirect rules
- C. retroactive components
- D. costing
- E. input values
- F. general information
Answer: B,D,E
NEW QUESTION 112
Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways can the compensation currency be displayed? (Choose three.)
- A. The corporate currency
- B. Only one currency can be displayed
- C. Preferred currency
- D. Each employee's local currency
Answer: A,C,D
NEW QUESTION 113
A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.
What kind of salary basis must be associated with the employee? (Choose the best answer.)
- A. One salary basis for all assignments and employment terms
- B. A different salary basis associated with each assignment or employment term.
- C. One salary basis for each employment terms and one of them can be used for assignment
- D. One salary basis for each assignment and one of them can be used for the employment terms
Answer: C
NEW QUESTION 114
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. Duty roles
- C. Application roles
- D. Individual users
Answer: A,B,C
NEW QUESTION 115
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 time period in which a user can create, update, or discontinue allocations or contributions
- 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. whether or not to restrict access to the plan at all
- D. if there should be a "white list" name criteria for access to the plan
- E. If user access should be based on career levels or earnings thresholds
- F. if plan access should be related to HR actions
Answer: A,C,F
NEW QUESTION 116
As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)
- A. Compensation Analyst
- B. Compensation Manager
- C. Compensation Specialist
- D. Compensation Executive
Answer: A
NEW QUESTION 117
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