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Best Quality Oracle 1z0-1049-20 Exam Questions
NEW QUESTION 32
Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)
- A. Action and Action Reasons
- B. Plan Eligibility
- C. Salary Component
- D. Plan Access
- E. Budget Pools
Answer: C
NEW QUESTION 33
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)
- A. Before deleting the item, you must configure a zero value behavior for the item.
- B. The item cannot be deleted, because it is attached to a category.
- C. The above scenario does not stand true as the item can be deleted.
- D. More than one administrator might be using the item and, therefore, it cannot be deleted.
Answer: D
NEW QUESTION 34
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
- A. Publish budgets automatically by running the Build Model process.
- B. Use a model to distribute budgets.
- C. Publish budgets manually.
- D. Copy budget amounts from a previous cycle.
Answer: B,C
NEW QUESTION 35
You are creating grade rates. What values are necessary for any grade rate that you create? (Choose the best answer.)
- A. Minimum, Maximum, or Value
- B. Minimum, Maximum, Mid Point, and Value
- C. Minimum, Maximum, Mid Point, or Value
- D. Minimum, Maximum, and Value
Answer: A
Explanation:
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 36
While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)
- A. Detail table
- B. Worker List
- C. Information
- D. Summary
- E. Actions
Answer: A
NEW QUESTION 37
As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)
- A. Compensation Analyst
- B. Compensation Specialist
- C. Compensation Executive
- D. Compensation Manager
Answer: A
NEW QUESTION 38
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. Application roles
- B. Groups
- C. Duty roles
- D. Individual users
Answer: A,B,C
NEW QUESTION 39
While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
What could have been the possible reasons for this? (Choose the best answer.)
- A. You may have forgotten to save the changes made.
- B. Another administrator might have accessed these settings after you have saved it.
- C. You do not have the privileges to change Stock Details.
- D. Network connectivity issue may have hindered your data being sent to the server.
Answer: B
NEW QUESTION 40
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)
- A. Deduction range group
- B. Deduction overrides
- C. Deduction ranges
- D. Deduction range Values
Answer: C
NEW QUESTION 41
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)
- A. To the current compensation plan and the Performance Management system
- B. Only within the current compensation plan and all cycles associated with it
- C. To the current compensation plan and HR system
- D. Only within the current compensation plan and the current cycle
Answer: B
NEW QUESTION 42
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)
- A. Determine budget amounts offline by downloading budget details to a spreadsheet.
- B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
- C. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
- D. Manually calculate budget amounts or automatically determine budget amounts by using a model.
Answer: B,C
NEW QUESTION 43
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 Bank account level
- B. From the Legislative Data Group level, because that is the highest level in the hierarchy.
- C. From the Organization payment level, because the compensation is finally paid through this
- D. From the input value of the payroll element
Answer: B
NEW QUESTION 44
Which three statements are true about individual compensation plans? (Choose three.)
- A. Individual compensation plans are necessary for payment of items such as spot bonus.
- B. 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.
- C. 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.
- D. Individual compensation plans are not necessary for payment of items such as spot bonus.
- E. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
Answer: A,C,E
NEW QUESTION 45
While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers to achieve this? (Choose the best answer.)
- A. Use the Advanced Filter option in the worksheet to create a custom condition.
- B. This cannot be done once the population is finalized and the compensation cycle is started.
- C. Use the sort feature in the worksheet to control this.
- D. Control the population by using eligibility profiles.
Answer: A
NEW QUESTION 46
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 Category
- B. Manage Stock Grants >> Import Source
- C. Manage Stock Grants >> Import Items
- D. Manage Stock Grants >> Prepare Import Spreadsheet
Answer: D
NEW QUESTION 47
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 triggered. This process has to complete successfully before the new data can be downloaded.
Answer: D
NEW QUESTION 48
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. currency conversion date
- B. evaluation period start and end dates
- C. default date due
- D. HR extraction date
- E. worksheet update start and end dates
Answer: C
NEW QUESTION 49
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. User-defined-criteria-based eligibility profile using hire date
- B. Employment-based-eligibility-criteria using length of service
- C. Derived -factor-based eligibility criteria using length of service
- D. Employment-based eligibility criteria suing hire date
Answer: B
NEW QUESTION 50
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
- A. Allocation outside target range
- B. Worker was terminated
- C. Salary changed in HR
- D. Grade changed in HR
- E. Worker is on long-term leave
- F. Job changed in HR
Answer: A,B,C,D
NEW QUESTION 51
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
* Name: Variable component
* Restrict plan access: Yes
* Action: Manage Contributions
* Access Level: New
* Allocations: Always Allow
* Update Allocations: Never Allow
* Discontinue Allocations: "Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)
- A. Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
- B. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
- C. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
- D. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
Answer: D
NEW QUESTION 52
A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)
- A. Integrated Workbook can be used to update all the seven components.
- B. Only the first five active components will be loaded at a time by Integrated Workbook.
- C. Only the first six active components will be loaded at a time by Integrated Workbook.
- D. Only the first four active components will be loaded at a time by Integrated Workbook.
Answer: B
NEW QUESTION 53
What are two attributes of primary element classifications? (Choose two.)
- A. They are not editable.
- B. They are user defined.
- C. They are editable.
- D. They are globally applicable.
- E. They are predefined.
Answer: A,B
NEW QUESTION 54
While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)
- A. Category Detail
- B. Statement definitions
- C. Category Type
- D. Contribution Type and Unit of Measure
- E. Level of detail
- F. Compensation Items
Answer: C,D,E
Explanation:
Explanation
Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
* Category type
* Contribution type and unit of measure
* Level of detail
NEW QUESTION 55
You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)
- A. Access to the compensation administrator role is restricted in Plan Access.
- B. The compensation administrator or equivalent role is not attached to your plan.
- C. Your user role does not have access to view the plan.
- D. Restrict Plan access is set to "Yes" and the compensation administrator role is added to the list of roles in "Plan access from Compensation work area."
- E. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
Answer: A,C,D
Explanation:
Explanation
Your user role does not have access to view the plan. Check the Configure Plan Access task for the plan and verify the access for the compensation administrator role is not restricted. Also, verify that your user has the compensation administrator role or the proper security to run compensation batch processes.
NEW QUESTION 56
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