Latest [Oct 02, 2021] 1z0-1049-20 Exam with Accurate Oracle Compensation Cloud 2020 Implementation Essentials PDF Questions
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NEW QUESTION 15
As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)
- A. Statement Definition Name
- B. Compensation Category
- C. Legal Employer
- D. Statement Period
Answer: B,D
NEW QUESTION 16
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)
- A. 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.
- B. 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.
- C. 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.
- D. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
Answer: C,D
NEW QUESTION 17
A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)
- A. Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
- B. Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
- C. Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.
- D. Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.
Answer: D
NEW QUESTION 18
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. HR Specialist
- B. Line Manager
- C. Expenses Manager
- D. Compensation Manager
Answer: A,B,D
NEW QUESTION 19
Identify the three correct statements for an alternate approver hierarchy. (Choose three.)
- A. The highest Approval sequence is the final approver.
- B. The alternate approver must be a part of the regular plan hierarchy.
- C. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- D. You can create multiple approvers for the same manager.
Answer: A,C,D
Explanation:
Explanation
By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers. The alternate approver does not have to be a part of the regular plan hierarchy. You can create multiple approvers for the same manager by identifying the specific individuals and using the approval sequence to determine the order in which approvals occur. The highest sequence is the final approver.
Alternate hierarchies are commonly used when approval control transitions from managers to the HR department.
NEW QUESTION 20
A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)
- A. Management Chain
- B. Resource
- C. Supervisory
- D. Job Level
- E. Department Level
- F. Position
Answer: B,C,D,E
NEW QUESTION 21
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 a graph defined in it.
- B. The category has been added as a subcategory.
- C. The category does not have employee contribution.
- D. The category does not have employer contribution.
Answer: B
NEW QUESTION 22
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. A compensation administrator's general access can be overridden using roles.
- C. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
- D. A compensation administrator's general access cannot be overridden.
Answer: D
NEW QUESTION 23
A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)
- A. the Start Compensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
- B. the Start Compensation Cycle process
- C. the Refresh Data process
- D. the Validate Plan Setup process
Answer: A
NEW QUESTION 24
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
- A. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
- B. Analyze plan results.
- C. Run processes to initiate a compensation cycle.
- D. Maintain currency rates and access to plans from the watchlist.
- E. Override line manager allocations, job changes, and performance ratings.
- F. Override line manager allocations, job changes, and performance ratings.
Answer: A,C,E,F
NEW QUESTION 25
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 cannot add items to statement definitions directly, and you cannot add items to a compensation category.
- B. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
- C. To include items in statements you must add items to a compensation category.
- D. You can add items to statement definitions directly.
Answer: C
NEW QUESTION 26
The Budget Pool Storage Method selected is "Amount." One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)
- A. The published amounts stay with the manager when workers are reassigned or their eligibility changes.
- B. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
- C. The published budgets is always a percentage of the total budget pool.
- D. The published budgets change when a manager's total eligible salary changes, such as when workers are reassigned.
Answer: A
NEW QUESTION 27
A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)
- A. For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
- B. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
- C. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
- D. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.
Answer: B
NEW QUESTION 28
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. Non Monetary Values
- B. Monetary Values
- C. more than one nonmonetary unit of measure
- D. Dates
- E. Text
Answer: A,D,E
NEW QUESTION 29
Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)
- A. the date when merit increases are awarded to workers
- B. the date when bonus is awarded to workers
- C. an optional welcome message
- D. the date that statements become available to workers
- E. the conversion rate date for currency conversions
Answer: B,C,D
NEW QUESTION 30
The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)
- A. Refresh Workforce Compensation Data
- B. Transfer Workforce Compensation Data to HR
- C. Start Workforce Compensation Cycle
- D. Adjust Workforce Compensation Enrollment Window
- E. Back Out Workforce Compensation Data
- F. Evaluate Workforce Compensation Participation
Answer: A,B,C,E
NEW QUESTION 31
While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps would he or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)
- A. Download and authenticate workbooks.
- B. Repeat the steps as many times as necessary to accommodate the revisions.
- C. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
- D. Resolve errors created by the uploaded file.
- E. Filter the edits and upload only the edited fields.
- F. Edit the workbook data.
Answer: A,C,D,E
NEW QUESTION 32
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 Payroll Deductions
- C. Manage Personal Deductions
- D. Manage Legal Reporting Unit Deduction Records
Answer: D
Explanation:
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 33
A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll.
Additionally, the costing information must be transferred to General Ledger.
Which implementation approach is correct for creating the required element? (Choose the best answer.)
- A. creating an element eligibility link and setting up costing information at the link level
- B. creating an input value and setting up costing information at the input value level
- C. creating status processing rules and setting up costing information at the status processing level
- D. creating an auto-indirect rule and setting up costing information at the auto-indirect level
Answer: A
NEW QUESTION 34
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)
- A. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
- B. Active plans are always shown in read-only mode once it is past the eligibility determination date.
- C. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
- D. Active plans are always shown in read-only mode until the Worksheet update period starts.
Answer: C
NEW QUESTION 35
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)
- A. Sub-classifications provide a way to feed elements.
- B. Elements can have only one sub-classification.
- C. A sub-classification name cannot be reused under a different primary classification.
- D. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
Answer: D
NEW QUESTION 36
Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)
- A. Create a derived factor, and then create the eligibility profile and plan.
- B. Use a fast formula to restrict access to the plan.
- C. Create a relevant eligibility profile and associate it with the plan.
- D. Create user-defined criteria, and then create the eligibility profile and plan.
- E. Create an eligibility profile with the exclude option and associate it with the plan
Answer: C
NEW QUESTION 37
You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)
- A. Create an alternate position approval hierarchy that overrides the plan hierarchy.
- B. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
- C. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
- D. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
Answer: A
NEW QUESTION 38
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