1z0-1049-20 Certification - The Ultimate Guide [Updated 2021]
1z0-1049-20 Practice Exam and Study Guides - Verified By Free4Torrent
NEW QUESTION 50
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. This cannot be done once the population is finalized and the compensation cycle is started.
- B. Control the population by using eligibility profiles.
- C. Use the Advanced Filter option in the worksheet to create a custom condition.
- D. Use the sort feature in the worksheet to control this.
Answer: C
NEW QUESTION 51
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. No additional configuration is required to attach this element to the workforce compensation plan component.
- B. It is possible to link the same element but different input values to different components or options within the same compensation plan.
- C. Element entries are created for all the input values of the element.
- D. You must manually mark the Amount input value as the primary input value in the Special Purpose field.
- E. The automatically created Amount input value is identified as the primary input value.
Answer: A,E
NEW QUESTION 52
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 53
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 salary adjustment or lumpsum must be manually calculated and added for such workers.
- B. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
- C. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
- D. Terminated workers should be excluded from being processed in Workforce Compensation plans.
- E. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
Answer: 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. Compensation Items
- B. Statement definitions
- C. Category Detail
- D. Level of detail
- E. Category Type
- F. Contribution Type and Unit of Measure
Answer: D,E,F
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
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and
31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)
- A. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
- B. Active plans are always shown in read-only mode until the Worksheet update period starts.
- C. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
- D. Active plans are always shown in read-only mode once it is past the eligibility determination date.
Answer: A
NEW QUESTION 56
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 input value of the payroll element
- 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 Bank account level
Answer: B
NEW QUESTION 57
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Output statement
- B. Conditions
- C. Comments
- D. Assignment statements
- E. Input statement
- F. Symbolic variables
Answer: B,C,D,E
NEW QUESTION 58
Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
- A. Fully Approved
- B. Submitted
- C. Closed
- D. Processed
- E. Budget Available
- F. Unprocessed
- G. Partially approved
- H. Started
Answer: A,B,D,E
NEW QUESTION 59
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements?
(Choose four.)
- A. Elements
- B. Balance feeds
- C. Flat amount
- D. Input values
- E. Deduction group
- F. Wage basis rules
- G. References for calculation factors
Answer: A,E,F,G
NEW QUESTION 60
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 a component linked to the budget pool (Configure Compensation Components).
- B. Enable components and create at least one component (Configure Compensation Components).
- C. Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
- D. Enable the Communications tab type (Configure Worksheet Page Layout).
Answer: A
NEW QUESTION 61
Which item is false regarding plan access? (Choose the best answer.)
- A. A compensation administrator's general access cannot be overridden.
- B. Compensation managers have access to the budget sheet and worksheets for all plans and employee administration tasks.
- C. A compensation administrator's general access can be overridden using roles.
- D. Compensation administrators have access to all plan configuration tasks for all plans.
Answer: A
NEW QUESTION 62
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. Worker was terminated
- B. Job changed in HR
- C. Grade changed in HR
- D. Worker is on long-term leave
- E. Salary changed in HR
- F. Allocation outside target range
Answer: A,C,E,F
NEW QUESTION 63
The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this?
(Choose the best answer.)
- A. Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
- B. Purge Workforce Compensation Data can be run only for compensation plans that are valid for the future.
- C. Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the "Full Back Out" option.
- D. Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.
Answer: C
NEW QUESTION 64
As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)
- A. The statement definition consists of compensation items added to compensation categories.
- B. Compensation items with sources belonging to different legal employers cannot be added.
- C. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- D. Edits to compensation categories affect all statement definitions that use that category.
- E. The statement definition acts as a template and determines the layout and content of the generated statement.
- F. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
Answer: A,E,F
NEW QUESTION 65
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 using steps and rate values
- B. by using Min, Max, and Mid Point rate values
- C. by associating the Grade Ladders with legal entities
- D. by using LDG-specific Grade Min, Max, and Mid Point rate values
Answer: B
NEW QUESTION 66
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
- A. Submitted
- B. Processed
- C. Fully Approved
- D. Work in Progress
- E. In Approvals
Answer: A
NEW QUESTION 67
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)
- A. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
- B. Manager Z, because this is the current manager to whom Employee X is reporting.
- C. Manager Y, because this is the original manager of Employee X.
- D. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
Answer: D
NEW QUESTION 68
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. Duty roles
- B. Individual users
- C. Application roles
- D. Groups
Answer: A,C,D
NEW QUESTION 69
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. Employment-based-eligibility-criteria using length of service
- B. User-defined-criteria-based eligibility profile using hire date
- C. Derived -factor-based eligibility criteria using length of service
- D. Employment-based eligibility criteria suing hire date
Answer: A
NEW QUESTION 70
A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases.
Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases? (Choose the best answer.)
- A. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
- B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
- C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
Answer: A
NEW QUESTION 71
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)
- A. with the eligibility profiles, never through element eligibility
- B. through element eligibility only, never with eligibility profiles
- C. either with eligibility profiles or through element eligibility
- D. a mix of element eligibility and eligibility profiles
Answer: D
NEW QUESTION 72
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 cannot have a single budget.
- C. Budgets cannot be separate for each component.
- D. Multiple components can have a single budget.
Answer: A,D
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 73
......
Oracle 1z0-1049-20 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
| Topic 7 |
|
| Topic 8 |
|
| Topic 9 |
|
| Topic 10 |
|
| Topic 11 |
|
| Topic 12 |
|
| Topic 13 |
|
| Topic 15 |
|
Ultimate Guide to the 1z0-1049-20 - Latest Edition Available Now: https://www.free4torrent.com/1z0-1049-20-braindumps-torrent.html