Regenerate Oracle Compensation Cloud 2021 Implementation Essentials 1z0-1049 Free Dumps

NEW QUESTION 1
Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

• A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
• B. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
• C. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
• D. This is possible only in the on-premises model using customization and is not possible in an Saas instanc
• E. Therefore, you would respond accordingly to the client.

Answer: C

NEW QUESTION 2
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
• B. the Validate Plan Setup process
• C. the Refresh Data process
• D. the Start Compensation Cycle proces
• E. After this, the Administrator should create a model to distribute the budgets.

Answer: D

NEW QUESTION 3
Which three statements are true about payroll deductions? (Choose three.)

• A. Wage basis rules are defined at the personal 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.

Answer: ADE

NEW QUESTION 4
A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history. Identify the three correct options regarding the salary component. (Choose three.)

• A. The base rate shown in the salary section is the most recent pay rate.
• B. The base rate shown in the salary section is the average of the pay rate for the entire year.
• C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
• D. The base rate shown in the previous years is the pay rate on 31 December of each year.

Answer: ACD

NEW QUESTION 5
While working on the compensation changes in an Excel workbook, a manger selects the Upload option and then tries to immediately download the uploaded data. 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 triggere
• E. This process has to complete successfully before the new data can be downloaded.

Answer: D

NEW QUESTION 6
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. Salary Basis
• B. Benefit Balance
• C. Payroll Element
• D. Formula

Answer: A

NEW QUESTION 7
As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)

• A. You can hide table columns.
• B. You can configure display of zero values.
• C. You cannot hide regions for graphs or descriptions at the statement definition setup level.
• D. You cannot exclude a category from the statement summary at the category setup level.
• E. You cannot include and hide the welcome message at the statement definition setup level.
• F. You can hide or show the estimated amount indicator at the category setup level.

Answer: BCF

NEW QUESTION 8
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 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 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 gives detailed information about element, input value, actual value and the grand total for the year.

Answer: ABDE

NEW QUESTION 9
Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

• A. by associating the Grade Ladders with legal entities
• B. by using LDG-specific Grade Min, Max, and Mid Point rate values
• C. by using Min, Max, and Mid Point rate values
• D. by using steps and rate values

Answer: C

NEW QUESTION 10
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

• A. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet.
• B. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
• C. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
• D. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
• E. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.

Answer: ABCD

NEW QUESTION 11
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. 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.

Answer: A

NEW QUESTION 12
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 input value and setting up costing information at the input value level
• B. creating status processing rules and setting up costing information at the status processing level
• C. creating an element eligibility link and setting up costing information at the link level
• D. creating an auto-indirect rule and setting up costing information at the auto-indirect level

Answer: C

NEW QUESTION 13
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 only the plan where it is updated.
• B. The rating will be available to all plans that are currently active.
• C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
• D. The rating will be available to only the plans where the same manager is involved.

Answer: B

NEW QUESTION 14
As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)

• A. Manage Stock Grants >> Import Items
• B. Manage Stock Grants >> Import Category
• C. Manage Stock Grants >> Import Source
• D. Manage Stock Grants >> Prepare Import Spreadsheet

Answer: D

NEW QUESTION 15
Which three statements are true about individual compensation plans? (Choose three.)

• A. A user’s ability to access or make updates to awards in individual compensation plans may be restricted by the user’s association to a Legislative Data Group.
• B. Individual compensation plans are not necessary for payment of items such as spot bonus.
• C. Individual compensation plans are necessary for payment of items such as spot bonus.
• D. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
• E. Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.

Answer: CDE

NEW QUESTION 16
What is the maximum number and kind of items that you can add when defining a custom category? (Choose the best answer.)

• A. three custom columns
• B. five custom columns
• C. three items
• D. three subcategories

Answer: B

NEW QUESTION 17
You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)

• A. Minimum, Maximum, Mid Point, and Value
• B. Minimum, Maximum, Mid Point, or Value
• C. Minimum, Maximum, and Value
• D. Minimum, Maximum, or Value

Answer: D

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 18
An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)

• A. hourly, because the employee has hourly pay
• B. weekly, because the employee is on a weekly payroll
• C. annually, because the history must always be shown with annual amounts
• D. the frequency of the employee’s salary basis

Answer: B

NEW QUESTION 19
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. A budget was published to the manager.
• B. The manager submitted his or her worksheet for approval.
• C. The first-level manager approved the manager’s worksheet.
• D. The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
• E. The manager saved some changes to his or her worksheet.

Answer: C

NEW QUESTION 20
Identify the three choices available when configuring approvals. (Choose three.)

• A. Approval mode
• B. Submit mode
• C. Alternate approver hierarchy
• D. Auto Approval

Answer: ABC

NEW QUESTION 21
As an implementation consultant, you are required to create an element for capturing the bonus awarded in the compensation cycle. Which two statements are correct regarding the input values of the element created? (Choose two.)

• A. The automatically created Amount input value is identified as the primary input value.
• B. No additional configuration is required to attach this element to the workforce compensation plan component.
• C. You must manually mark the Amount input value as the primary input value in the Special Purpose field.
• D. Element entries are created for all the input values of the element.
• E. It is possible to link the same element but different input values to different components or options within the same compensation plan.

Answer: AB

NEW QUESTION 22
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 Configure Compensation Component task in Manage plans
• B. The Salary Component Lookup
• C. It is not possible to achieve this, because only the delivered salary components can be used.
• D. The Compensation Models

Answer: B

NEW QUESTION 23
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

Answer: C

NEW QUESTION 24
What is the relationship between Net Pay and Earnings? (Choose the best answer.)

• A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
• B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
• C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
• D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.

Answer: A

NEW QUESTION 25
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