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1z0-1049-22 Questions and Answers

Note! Following 1z0-1049-22 Exam is Retired now. Please select the alternative replacement for your Exam Certification. The new exam code is 1z0-1049-24

1z0-1049-22 Questions and Answers

Question # 6

Your client’sorganization 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.

Preferred currency

B.

Each employee’s local currency

C.

The corporate currency

D.

Only one currency can be displayed

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Question # 7

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

A.

Wage basis rules are defined at thepersonal 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.

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Question # 8

If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

A.

Managers can rate workers as they allocate compensation.

B.

These ratings are used across compensation plan and cycles.

C.

The ratings are transferred to the Performance Management system or to HR.

D.

You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

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Question # 9

Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A.

The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.

B.

The Stock summary table gives detailedinformation 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 summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.

E.

The summary table of payroll elements givesdetailed information about element, input value, actual value and the grand total for the year.

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Question # 10

Per your client’s policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.

You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)

A.

Eligible

B.

Ineligible

C.

Restricted

D.

Limited

E.

Provisional

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Question # 11

A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and attached to the workers anda Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.

Which option is true? (Choose the best answer.)

A.

After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.

B.

A new Grade rate can be created and the Salary basis can be modified to include it.

C.

No new Grade rate can be created.

D.

The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.

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Question # 12

Which four tasks are partof Worksheet Configuration Options? (Choose four.)

A.

Models

B.

Components

C.

Performance ratings

D.

Compensation change statements

E.

Alerts

F.

Plan cycles

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Question # 13

When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

A.

Accept

B.

Reject

C.

Dismiss

D.

Reply

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Question # 14

Your client’s compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track workexperience of people? (Choose the best answer.)

A.

Employment-based eligibility criteria suing hire date

B.

Derived –factor-based eligibility criteria using length of service

C.

User-defined-criteria-based eligibility profile using hire date

D.

Employment-based-eligibility-criteria using length of service

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Question # 15

A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was created to capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.

Identify the option that will enable the DBI to return allthe input variables. (Choose the best answer.)

A.

Delete the existing element link and create a new element link, which will automatically create all four input values.

B.

Create a new element from scratch.

C.

This scenario cannot be implemented.

D.

Create status processing rules for the input values.

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Question # 16

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.

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Question # 17

Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stoppedonly during the month of September.

Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)

A.

The individual compensation plan must be set up with “NO” for plan access restriction.

B.

The individual compensation plan must be set up with the following restrictions:

New Allocations: Always

Update Allocations: Specific period Sep 1– Sep 30

Withdraw Allocations: Specific period Sep 1 – Sep 30

C.

The individual compensation plan must be set up with thefollowing restrictions:

Create Allocations: Always

Update Allocations: Specific period Sep 1 – Sep 30

Discontinue Allocations: Specific period Sep 1 – Sep 30

D.

The individual compensation plan must be set up with the following restrictions:

New Allocations: Always

Update Allocations: Specific period Sep 1–Sep 30

Discontinue Allocations: Specific period Sep 1 – Sep 30

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Question # 18

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 Amountas 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.

Database items are created by default for the element input values.

C.

Select “Pay Separately” as the “Special Purpose” option.

D.

Create an “Amount” input value at the element eligibility link level.

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Question # 19

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 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.

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, a warning message can be generated when a new or adjusted salary does not pass the configured validation.

D.

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.

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Question # 20

You are responsible for configuring variable allocationsto manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

A.

The task is only for notification and has no rules.

B.

The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

C.

The task applies to selected allocations, uses two levels of the Supervisory listbuilder, and requires a response from the current approver.

D.

The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

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Question # 21

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.

Once a sub-classification is associated with a classification, it cannot be associated with another classification.

C.

A sub-classification name cannot be reused under a different primary classification.

D.

Elements can have only one sub-classification.

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Question # 22

Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A.

Compensation Currency Selection

B.

Compensation Organization Selection

C.

Compensation Item Selection

D.

Compensation Person Selection

E.

Compensation amounts Selection

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Question # 23

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.

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Question # 24

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 wouldhe 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.

Edit the workbook data.

C.

Filter the editsand upload only the edited fields.

D.

Resolve errors created by the uploaded file.

E.

Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.

F.

Repeat the steps as many times asnecessary to accommodate the revisions.

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Question # 25

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.

How would you configure the Compensation Statement? (Choose the best answer.)

A.

Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

B.

Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.

C.

Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

D.

Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respectiveCategories.

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Question # 26

What happens if eligibility requirements are different for components than theyare for a plan? (Choose the best answer.)

A.

Component-level eligibility is ignored and a warning is reported.

B.

Plan-level eligibility is evaluated before component-level eligibility.

C.

Component-level eligibility is evaluated before plan-level eligibility.

D.

This is not possible. Component-level eligibility is always identical to plan-level eligibility.

E.

Plan-level eligibility is ignored and a warning is reported.

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