Verified 1z0-1049-20 Dumps Q&As - 1z0-1049-20 Test Engine with Correct Answers
Pass Your 1z0-1049-20 Dumps as PDF Updated on 2022 With 180 Questions
Oracle 1z0-1049-20 Exam Syllabus Topics:
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NEW QUESTION 85
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 started and processed events for participants.
- B. It backs out unrestricted events for participants.
- C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
- D. It removes unneeded transaction data from prior plan cycles.
Answer: C
NEW QUESTION 86
What is the maximum number and kind of items that you can add when defining a custom category? (Choose the best answer.)
- A. three subcategories
- B. three custom columns
- C. five custom columns
- D. three items
Answer: C
NEW QUESTION 87
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. Resolve errors created by the uploaded file.
- B. Download and authenticate workbooks.
- C. Filter the edits and upload only the edited fields.
- D. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
- E. Edit the workbook data.
- F. Repeat the steps as many times as necessary to accommodate the revisions.
Answer: A,B,C,D
NEW QUESTION 88
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. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- 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. Set up a salary basis and restrict the eligibility to the required roles.
- D. Set up role-based security to the individual compensation work area so that only managers are allowed.
Answer: A
NEW QUESTION 89
While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)
- A. Enable components and create at least one component (Configure Compensation Components).
- B. Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
- C. Enable components and create a component linked to the budget pool (Configure Compensation Components).
- D. Enable the Communications tab type (Configure Worksheet Page Layout).
Answer: C
NEW QUESTION 90
You client has a requirement that allows a salary adjustment based on the number of dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called
"Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
- A. The Salary Component Lookup
- B. It is not possible to achieve this, because only the delivered salary components can be used.
- C. The Compensation Models
- D. The Configure Compensation Component task in Manage plans
Answer: A
NEW QUESTION 91
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regarding the Calculation Factors? (Choose two.)
- A. Calculation Factors indicate which deduction range to use when calculating the deduction amount.
- B. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
- C. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
- D. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
Answer: A,C
NEW QUESTION 92
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. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
- 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. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
- 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 93
As compensation manager, you are creating a Salary and Bonus earnings compensation item to define a total compensation statement. Per system requirements, you must select an appropriate source type to show the correct information on the statement.
Select the correct "Source Type". (Choose the best answer.)
- A. Benefit Balance
- B. Formula
- C. Salary Basis
- D. Payroll Element
Answer: C
NEW QUESTION 94
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. Individual users
- B. Duty roles
- C. Application roles
- D. Groups
Answer: B,C,D
NEW QUESTION 95
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. Only one currency can be displayed
- B. Each employee's local currency
- C. The corporate currency
- D. Preferred currency
Answer: B,C,D
NEW QUESTION 96
A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and attached to the workers and a 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. A new Grade rate can be created and the Salary basis can be modified to include it.
- B. 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.
- C. No new Grade rate can be created.
- D. 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.
Answer: B
NEW QUESTION 97
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Assignment statements
- B. Output statement
- C. Conditions
- D. Symbolic variables
- E. Input statement
- F. Comments
Answer: A,C,E,F
NEW QUESTION 98
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
- A. Compensation Person Selection
- B. Compensation Currency Selection
- C. Compensation amounts Selection
- D. Compensation Organization Selection
- E. Compensation Item Selection
Answer: C,E
NEW QUESTION 99
A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)
- A. Attach performance bonuses to similar elements.
- B. Attach performance bonuses to similar compensation categories/subcategories.
- C. Attach performance bonuses to similar sources.
- D. Attach performance bonuses to similar compensation items.
Answer: B
NEW QUESTION 100
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. Multiple components can have a single budget.
- C. Budgets cannot be separate for each component.
- D. Multiple components cannot have a single budget.
Answer: A,B
Explanation:
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 101
Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)
- A. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).
- B. 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).
- C. 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.
- D. 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).
Answer: A
NEW QUESTION 102
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. Legal Employer
- C. Compensation Category
- D. Statement Period
Answer: C,D
NEW QUESTION 103
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)
- A. Alerts
- B. Feedback Survey
- C. Components
- D. Plan Access
- E. Plan Currency
Answer: C,D,E
NEW QUESTION 104
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. Monetary Values
- B. Text
- C. Dates
- D. Non Monetary Values
- E. more than one nonmonetary unit of measure
Answer: B,C,D
NEW QUESTION 105
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. Expenses Manager
- C. Compensation Manager
- D. HR Specialist
Answer: A,C,D
NEW QUESTION 106
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 work experience of people? (Choose the best answer.)
- A. Derived -factor-based eligibility criteria using length of service
- B. Employment-based-eligibility-criteria using length of service
- C. Employment-based eligibility criteria suing hire date
- D. User-defined-criteria-based eligibility profile using hire date
Answer: B
NEW QUESTION 107
A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components? (Choose three.)
- A. Market adjustment due to salary being out of line with the market
- B. Adjustment due to corrections within the organization
- C. Equity adjustment to correct salary compression or inversion
- D. Regular and automatic adjustment
Answer: A,C,D
NEW QUESTION 108
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 Legal Employer and Payroll Statutory Unit parameters.
- B. Create Element Eligibility with the Grade and Position parameters.
- C. Create an element without defining Element Eligibility.
- D. Create Element Eligibility with the department and specific payroll parameters.
Answer: A
NEW QUESTION 109
You are configuring a plan cycle date that should be visible to managers on the Approvals tab so that they can submit their worksheets before that date. But you do not want to enforce the date because you want the managers to be able to submit their worksheets even after the date is past. Which date should you use?
(Choose the best answer.)
- A. default date due
- B. HR extraction date
- C. worksheet update start and end dates
- D. currency conversion date
- E. evaluation period start and end dates
Answer: A
NEW QUESTION 110
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