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Free demo questions for Oracle 1z0-1049 Exam Dumps Below:
NEW QUESTION 1
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 2
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Output statement
- B. Input statement
- C. Comments
- D. Assignment statements
- E. Symbolic variables
- F. Conditions
Answer: BCDF
NEW QUESTION 3
Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)
- A. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.
- B. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.
- C. Create four salary bases and four grade rates, and attach the grade rates to the salary bases.
- D. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.
Answer: C
NEW QUESTION 4
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hoc payments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
- A. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
- B. You can define multiple eligibility criteria for each element, but there must not be any overlap between them.
- C. You cannot define multiple eligibility criteria for each element in any case.
- D. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
Answer: BC
Explanation:
You can define more than one eligibility criteria for each element but there must be no overlap between them. For example, you could create one criteria for the combination of grade A and the job Accountant. However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, you can enter different default values, qualifying conditions, and costing information for each eligibility group.
NEW QUESTION 5
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. Management Chain
- B. Supervisory
- C. Position
- D. Job Level
- E. Resource
- F. Department Level
Answer: BDEF
NEW QUESTION 6
What are two attributes of primary element classifications? (Choose two.)
- A. They are globally applicable.
- B. They are editable.
- C. They are user defined.
- D. They are not editable.
- E. They are predefined.
Answer: CD
NEW QUESTION 7
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)
- A. Allocation exceeding target
- B. Employee termination
- C. Leave of Absence
- D. Any custom alert
Answer: C
NEW QUESTION 8
Your customer’s Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
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
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
- A. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
- B. The salary adjustment or lumpsum effective date must be later that the worker’s payroll last standard process date.
- C. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker’s termination date.
- D. The salary adjustment or lumpsum must be manually calculated and added for such workers.
- E. Terminated workers should be excluded from being processed in Workforce Compensation plans.
Answer: C
NEW QUESTION 9
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process. (Choose the best answer.)
- A. Compensation Administrator
- B. Compensation Manager
- C. Line Manager
- D. HR Specialist
Answer: C
NEW QUESTION 10
Which three statements are true regarding plan cycles? (Choose three.)
- A. All active plans are available to be cross-referenced, even plans with no started cycles.
- B. You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
- C. Active plans are available to be cross-referenced, except plans with no started cycles.
- D. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
- E. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
Answer: ABE
Explanation:
All active plans are available to be cross referenced, even plans with no started cycles. You can also reference a plan within itself to display values from a previous plan cycle in a subsequent cycle. For example, you can display a target amount or custom score from a previous plan cycle in the current plan cycle so that managers are aware of that data when making a current compensation decision.
You cannot select a default value for a column by cross-referencing a column from another plan if you have selected values for the Default Value, Default and Override Formula, or Compensation Derived Factor fields on the Configure Column Properties dialog box.
NEW QUESTION 11
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 12
As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)
- A. You can add items to statement definitions directly.
- B. To include items in statements you must add items to a compensation category.
- C. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.
- D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.
Answer: B
NEW QUESTION 13
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. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
- B. 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.
- 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. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
Answer: A
NEW QUESTION 14
A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)
- A. Configure one compensation plan and add as many options as three are allowed for vehicle types and model
- B. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.
- C. Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.
- D. Configure one compensation plan, add as many options as there are allowed for different types and model
- E. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.
- F. Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.
Answer: C
NEW QUESTION 15
You are responsible for configuring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)
- A. You can associate each option with the same payroll element and input value.
- B. You can associate each option with only one payroll element and input value.
- C. You can associate each payroll element with only one plan and option.
- D. You can associate each payroll element with multiple plans and options.
- E. You can associate each payroll element with one option but with multiple plans.
Answer: BD
NEW QUESTION 16
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 India. 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. The Compensation Category display name is specific to a Statement Definition.
- B. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
- C. 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.
- D. Workers in the UK need to refresh their statements in order to see the updated display name.
Answer: C
NEW QUESTION 17
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)
- A. a mix of element eligibility and eligibility profiles
- B. through element eligibility only, never with eligibility profiles
- C. with the eligibility profiles, never through element eligibility
- D. either with eligibility profiles or through element eligibility
Answer: A
NEW QUESTION 18
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct? (Choose four.)
- A. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- B. Managers can create their own models and use them.
- C. Managers cannot share a model created by them.
- D. Managers can use a model created by compensation professionals.
- E. Access of a model is limited only to the creator of the model.
- F. A model can be shared with the direct reports of the creator.
Answer: ABDF
NEW QUESTION 19
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 20
A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individual compensation plan for a contribution. This contribution has to be approved by the four members in parallel.
Identify the correct option regarding parallel approvals. (Choose the best answer.)
- A. Parallel approvals are not fully supported, but notifications can be sent to all members in parallel using the list builder resource option and configuring Application Rol
- B. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.
- C. Parallel approvals are supported by configuring the Application role option in the Resource list builder.Only after all the approvers approve will the process end.
- D. Parallel approvals are supported and can be configured using Static approval group
- E. Only after all the approvers approve will the process end.
- F. A parallel approval option is not available and any approval configured is always sequential.
Answer: C
NEW QUESTION 21
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