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1z0-1049 Exam

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Online 1z0-1049 free questions and answers of New Version:

NEW QUESTION 1
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan are January 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)

  • A. Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 of the year.
  • B. Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
  • C. Configure Plan access start and end dates from January 1 to December 31 of the year.
  • D. Configure Worksheet update period start and end dates from January 1 to December 31 of the year.

Answer: A

NEW QUESTION 2
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
1Z0-1049 dumps exhibit
Now, one of Manager 2’s employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

  • A. No impac
  • B. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
  • C. Allocated budget will not chang
  • D. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
  • E. Allocated budget will not chang
  • F. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
  • G. Budget allocated for the employee will be released back to the manager for reallocatio
  • H. Budget percentage will remain unchanged.

Answer: B

NEW QUESTION 3
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

  • A. Manage Legal Reporting Unit Deduction Records
  • B. Manage Legal Entity Deduction Records
  • C. Manage Payroll Deductions
  • D. Manage Personal Deductions

Answer: A

Explanation:
Use the Manage Personal Deductions
task in the Payroll Calculations or Payroll Administration work area to
create deduction card overrides at the payroll relationship level. If overrides are allowed, the Overrides Allowed on Deduction Cards tab appears in the Component Details section of the Manage Deduction Cards
page when you select a deduction component. Click Create to define an override. The override value you
enter varies based on the type of override item defined in the deduction range, as described in the previous section. For example, you may enter a rate to be used in the deduction calculation or an amount to be added to the calculated amount.
If your localization supports deduction cards at multiple levels, use the Manage Legal Entity Deduction
Records task in the Setup and Maintenance work area to create deduction card overrides at the payroll
statutory unit level. Use the Manage Legal Reporting Unit Deduction Records
task in the Setup and Maintenance work area to create deduction card overrides at the tax reporting unit level.

NEW QUESTION 4
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

  • A. The task is only for notification and has no rules.
  • B. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
  • C. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
  • D. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

Answer: C

NEW QUESTION 5
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 at least one component (Configure Compensation Components).
  • B. Enable the Communications tab type (Configure Worksheet Page Layout).
  • C. Enable components and create a component linked to the budget pool (Configure Compensation Components).
  • D. Configure related components (Configure Worksheet Page Layout: Detail Table tab.)

Answer: C

NEW QUESTION 6
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 7
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 8
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. Use the Edit button in the Employee’s included area while creating a model to exclude the employee.
  • 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. Advise Supervisor 1 not to allocate any compensation for the employe
  • D. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee’s amount.
  • E. Use the Include check box next to the employee’s name in the Budget worksheet to exclude the employee from the cycle.

Answer: C

NEW QUESTION 9
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)

  • A. Element Entry
  • B. Benefit Balance
  • C. Formula
  • D. Payroll Balance
  • E. Deduction Range
  • F. Input Value

Answer: ABCD

NEW QUESTION 10
The compensation administrator has configured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratings by using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes that the increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How should you accomplish this? (Choose the best answer.)

  • A. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
  • B. Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
  • C. Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
  • D. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
  • E. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation pla
  • F. Finally transfer the data to HR.

Answer: A

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
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. Network connectivity issue may have hindered your data being sent to the server.
  • D. You do not have the privileges to change Stock Details.

Answer: B

NEW QUESTION 13
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 14
Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stopped only during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)

  • A. The individual compensation plan must be set up with “NO” for plan access restriction.
  • B. The individual compensation plan must be set up with the following restrictions: New Allocations: AlwaysUpdate Allocations: Specific period Sep 1– Sep 30 Withdraw Allocations: Specific period Sep 1 – Sep 30
  • C. The individual compensation plan must be set up with the following restrictions: Create Allocations: AlwaysUpdate Allocations: Specific period Sep 1 – Sep 30 Discontinue Allocations: Specific period Sep 1 – Sep 30
  • D. The individual compensation plan must be set up with the following restrictions: New Allocations: AlwaysUpdate Allocations: Specific period Sep 1–Sep 30 Discontinue Allocations: Specific period Sep 1 – Sep 30

Answer: B

NEW QUESTION 15
A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was created to capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.
Identify the option that will enable the DBI to return all the input variables. (Choose the best answer.)

  • A. Delete the existing element link and create a new element link, which will automatically create all four input values.
  • B. Create a new element from scratch.
  • C. This scenario cannot be implemented.
  • D. Create status processing rules for the input values.

Answer: B

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
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

  • A. Accept
  • B. Reject
  • C. Dismiss
  • D. Reply

Answer: D

NEW QUESTION 18
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 Executive
  • C. Compensation Specialist
  • D. Compensation Manager

Answer: A

NEW QUESTION 19
A corporation has generated total compensation statements and all workers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)

  • A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
  • B. Ignore any corrective action.
  • C. Edit “Statement Definition,” make the required corrections, and regenerate the total compensation statements as a newer version.
  • D. Start manual changes in each worker’s total compensation statement.

Answer: C

NEW QUESTION 20
What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)

  • A. Component-level eligibility is ignored and a warning is reported.
  • B. Plan-level eligibility is evaluated before component-level eligibility.
  • C. Component-level eligibility is evaluated before plan-level eligibility.
  • D. This is not possibl
  • E. Component-level eligibility is always identical to plan-level eligibility.
  • F. Plan-level eligibility is ignored and a warning is reported.

Answer: B

NEW QUESTION 21
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)

  • A. by setting up the properties of the column as updatable only once
  • B. by deselecting the Refresh Data triggering event in the dynamic column
  • C. by deselecting the Start Compensation Cycle triggering event in the dynamic column
  • D. by deselecting the Change Worksheet Data triggering event in the dynamic column

Answer: B

NEW QUESTION 22
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