Jan-2023 Realistic 1z0-1049-22 Accurate & Verified Answers As Experienced in the Actual Test!
Latest Oracle 1z0-1049-22 Practice Test Questions, Oracle Compensation Cloud 2022 Implementation Professional Exam Dumps
Oracle 1z0-1049-22 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION 41
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 while configuring salary basis comes from which level? (Choose the best answer.)
- A. From the Organization payment level, because the compensation is finally paid through this
- B. From the Bank account level
- C. From the input value of the payroll element
- D. From the Legislative Data Group level, because that is the highest level in the hierarchy.
Answer: D
NEW QUESTION 42
Which four options are valid refresh options for the Refresh Data process? (Choose four.)
- A. Reevaluate Eligibility
- B. Refresh Plan Access
- C. Refresh Plan Currency
- D. Refresh Base and Eligible Salary
- E. Refresh Manager Hierarchy
- F. Refresh summary totals
- G. Refresh HR Data
Answer: A,E,F,G
NEW QUESTION 43
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan are January 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)
- A. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
- B. Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 of the year.
- C. Configure Plan access start and end dates from January 1 to December 31 of the year.
- D. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
Answer: B
NEW QUESTION 44
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded dat a. As a consultant, you advise him not to do so because of which reason? (Choose the best answer.)
- A. This action causes the committed data to roll back, thereby revoking the changes processed.
- B. This action causes the committed data to download immediately, thereby obscuring the error messages.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION 45
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)
- A. Manager Y, because this is the original manager of Employee X.
- B. Manager Z, because this is the current manager to whom Employee X is reporting.
- C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
- D. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
Answer: D
NEW QUESTION 46
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. A sub-classification name cannot be reused under a different primary classification.
- C. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
- D. Elements can have only one sub-classification.
Answer: C
NEW QUESTION 47
Which three statements are true about payroll deductions? (Choose three.)
- A. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
- 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. 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.
- D. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
- E. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.
Answer: C,D,E
NEW QUESTION 48
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. Rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.
- B. Run the Start Workforce Compensation Cycle process.
- C. Update the eligibility profile to include the contingent workers and rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.
- D. Update the eligibility profile to include the contingent workers and run the Start Workforce Compensation Cycle process.
Answer: C
NEW QUESTION 49
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 Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
- B. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
- C. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
- D. 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.
Answer: D
NEW QUESTION 50
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. Resource
- B. Supervisory
- C. Job Level
- D. Department Level
- E. Position
- F. Management Chain
Answer: A,B,C,D
NEW QUESTION 51
An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)
- A. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
- B. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
- C. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
- D. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
Answer: A,C
NEW QUESTION 52
Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)
- A. Assignment and Routing Policies
- B. Notification Settings
- C. Data Driven Routing
- D. Approval and Rejection Policies
- E. Escalation and Expiration Policies
Answer: A,B,C
NEW QUESTION 53
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. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
- B. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
- C. Create an alternate position approval hierarchy that overrides the plan hierarchy.
- D. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
Answer: C
NEW QUESTION 54
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
- A. Multiple components can have a single budget.
- B. Budgets can be separate for each component.
- C. Budgets cannot be separate for each component.
- D. Multiple components cannot have a single budget.
Answer: A,B
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 55
Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)
- A. Position Hierarchy
- B. Dynamic Approval Group
- C. Static Approval Group
- D. Supervisory Hierarchy
- E. Auto Approval
Answer: A
NEW QUESTION 56
You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)
- A. Maintain currency rates and access to plans from the watchlist.
- B. Override line manager allocations, job changes, and performance ratings.
- C. Run processes to initiate a compensation cycle.
- D. Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
- E. Analyze plan results.
- F. Override line manager allocations, job changes, and performance ratings.
Answer: B,C,D,F
NEW QUESTION 57
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. Processed
- B. Work in Progress
- C. Fully Approved
- D. Submitted
- E. In Approvals
Answer: D
NEW QUESTION 58
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 all plans that are currently active.
- B. The rating will be available to only the plan where it is updated.
- C. The rating will be available to only the plans where the same manager is involved.
- D. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
Answer: A
NEW QUESTION 59
As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)
- A. Create Element Eligibility with the department and specific payroll parameters.
- B. Create an element without defining Element Eligibility.
- C. Create Element Eligibility with the Grade and Position parameters.
- D. Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
Answer: D
NEW QUESTION 60
A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct options regarding approval setup. (Choose four.)
- A. Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
- B. Reminders can be set for a fixed duration either before expiration or after assignment.
- C. Task attachments cannot be sent using email notifications.
- D. Expiry, Escalation, and renew settings are possible for notifications.
- E. The notifications sent to the approvers can be made actionable.
Answer: A,B,D,E
NEW QUESTION 61
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. Expenses Manager
- B. Compensation Manager
- C. Line Manager
- D. HR Specialist
Answer: B,C,D
NEW QUESTION 62
The compensation administrator has configured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratings by using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes that the increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How should you accomplish this? (Choose the best answer.)
- A. Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
- B. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
- C. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
- D. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
- E. Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
Answer: C
NEW QUESTION 63
An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in Indi a. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)
- A. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
- B. Workers in the UK need to refresh their statements in order to see the updated display name.
- C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
- D. The Compensation Category display name is specific to a Statement Definition.
Answer: A
NEW QUESTION 64
Identify the four components that can be included in a fast formul
a. (Choose four.)
- A. Assignment statements
- B. Comments
- C. Output statement
- D. Input statement
- E. Conditions
- F. Symbolic variables
Answer: A,B,D,E
NEW QUESTION 65
In the workforce compensation work area, the Manager's Worksheet Status is "In Approvals". What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)
- A. The highest-level manager or approver in the approval hierarchy approved the manager's worksheet.
- B. The first-level manager approved the manager's worksheet.
- C. The manager saved some changes to his or her worksheet.
- D. The manager submitted his or her worksheet for approval.
- E. A budget was published to the manager.
Answer: B
NEW QUESTION 66
......
Free 1z0-1049-22 Exam Files Downloaded Instantly 100% Dumps & Practice Exam: https://www.exam4docs.com/1z0-1049-22-study-questions.html
