Latest Dec 19, 2021 1z0-1049-20 Brain Dump: A Study Guide with Tips & Tricks for passing Exam
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NEW QUESTION 80
Which five tasks can be performed by a compensation manager? (Choose five.)
- A. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
- B. Determine compensation amounts offline by downloading details to a spreadsheet.
- C. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
- D. Review and approve work of Superior Manager.
- E. Promote and rate worker performance while allocating compensation.
- F. Allocate compensation.
Answer: A,B,C,E,F
NEW QUESTION 81
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. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
- C. Manually calculate budget amounts or automatically determine budget amounts by using a model.
- D. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
Answer: B,D
NEW QUESTION 82
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 cannot define multiple eligibility criteria for each element in any case.
- C. You can define multiple eligibility criteria for each element, but there must not be any overlap between them.
- D. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
Answer: B,C
Explanation:
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 83
You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)
- A. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
- B. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
- C. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
- D. Create an alternate position approval hierarchy that overrides the plan hierarchy.
Answer: D
NEW QUESTION 84
Your client has a requirement where work-at-home assignments are not eligible for an employee compensation revision cycle. To facilitate capturing work-at-home assignment, you have created a custom column and associated a List of Values (LOV) with values "Yes" and "No". Now you wish to create an eligibility profile around this. Which is the correct option? (Choose the best answer.)
- A. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option selected
- B. Derived-factor-based eligibility profile based on the "Work-at-home" column
- C. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "Yes" with exclude option deselected
- D. User-defined-criteria-based eligibility profile on "Work-at-home" and value = "No" with exclude option selected
Answer: A
NEW QUESTION 85
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
* Salary paid based on the grades of employees.
* Car allowance paid based on the department and position.
* Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)
- A. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
- B. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
- C. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
- D. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
Answer: C
NEW QUESTION 86
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 plans where the same manager is involved.
- B. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
- C. The rating will be available to all plans that are currently active.
- D. The rating will be available to only the plan where it is updated.
Answer: C
NEW QUESTION 87
When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
- A. Worksheet population
- B. The filtered population
- C. Budget sheet population
- D. Direct Reports
- E. Entire organization's population under that manager
Answer: A
NEW QUESTION 88
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)
- A. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
- B. The ratings are transferred to the Performance Management system or to HR.
- C. These ratings are used across compensation plan and cycles.
- D. Managers can rate workers as they allocate compensation.
Answer: A,D
NEW QUESTION 89
What are two attributes of primary element classifications? (Choose two.)
- A. They are not editable.
- B. They are user defined.
- C. They are globally applicable.
- D. They are editable.
- E. They are predefined.
Answer: A,B
NEW QUESTION 90
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. Department Level
- B. Management Chain
- C. Position
- D. Supervisory
- E. Resource
- F. Job Level
Answer: A,D,E,F
NEW QUESTION 91
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)
- A. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
- B. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
- C. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
- D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
Answer: A
NEW QUESTION 92
Which statement is true regarding elements? (Choose the best answer.)
- A. Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.
- B. Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
- C. Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
- D. Elements have one primary classification, one secondary classification, and one subclassification.
- E. Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
Answer: A
Explanation:
Explanation
Subclassifications provide a way to feed balances. Elements can have only one primary and secondary classification, but multiple subclassifications. You can create subclassifications or use predefined ones. Once a subclassification is associated with a classification it cannot be associated with another classification. A subclassification name can be reused under different primary classifications, but you will have to create separate balance feeds for each subclassification with the same name.
NEW QUESTION 93
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 Compensation Models
- B. The Salary Component Lookup
- C. It is not possible to achieve this, because only the delivered salary components can be used.
- D. The Configure Compensation Component task in Manage plans
Answer: B
NEW QUESTION 94
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 one grade rate, and define different ranges for 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 four different grade rates, and attach the grade rate to the salary basis at the employee level.
Answer: C
NEW QUESTION 95
A compensation manager of a corporation is setting up a new salary basis for the employees.
Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)
- A. Multiple payroll elements can be attached a salary basis.
- B. Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
- C. Payroll elements of any classification type can be attached to a salary basis.
- D. Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
Answer: D
NEW QUESTION 96
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, or Value
- B. Minimum, Maximum, and Value
- C. Minimum, Maximum, or Value
- D. Minimum, Maximum, Mid Point, and Value
Answer: C
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 97
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 define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
- 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 are not necessary for payment of items such as spot bonus.
Answer: B,C,D
NEW QUESTION 98
A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)
- A. The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum of all the components of the salary basis multiplied by 12.
- B. For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
- C. Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.
- D. The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
Answer: A
NEW QUESTION 99
You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating while allocating compensation. What happens in this case? (Choose the best answer.)
- A. The rating will be available to only the plans where the same manager is involved.
- B. The rating will be available in the Performance document in the performance system.
- C. The rating will be available to all plans that are currently active.
- D. The rating will be available to only the plan where it is updated.
Answer: B
NEW QUESTION 100
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. Line Manager
- B. HR Specialist
- C. Compensation Manager
- D. Compensation Administrator
Answer: A
NEW QUESTION 101
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