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1z0-1049-22 Oracle Compensation Cloud 2022 Implementation Professional Questions and Answers

Questions 4

Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

Options:

A.

You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet.

B.

You select the performancetemplate or document name and the period to make available, and whether to display only completed ratings or ratings in any status.

C.

You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

D.

You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.

E.

You can also display the Performance Rating History column in the worksheet to see historical ratings given inthe Performance Management system.

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Questions 5

Identify three correct statements about changes in an employee’s compensation when the employee’s FTE value changes in employment. (Choose three.)

Options:

A.

If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.

B.

If the salary record end date is 31-DEC-4712 (that is, the date is “blank” in the salary UI), the FTEvalue is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.

C.

If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.

D.

If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculatedby using that value.

E.

If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.

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Questions 6

During thecompensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

Options:

A.

The manager can manually allocate some budget for his team.

B.

The manager does not have access to the plan.

C.

The manager will have read-only access.

D.

The available budget becomes negative when the manager makes allocations.

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Questions 7

Which two statements are true about Base Pay? (Choose two.)

Options:

A.

For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.

B.

You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.

C.

You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.

D.

You enter a salary basis for each worker that becomes the worker’s Base Pay earnings.

E.

For BasePay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.

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Questions 8

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

Options:

A.

Budgets can beseparate for each component.

B.

Budgets cannot be separate for each component.

C.

Multiple components can have a single budget.

D.

Multiple components cannot have a single budget.

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Questions 9

What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

Options:

A.

It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.

B.

It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.

C.

It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.

D.

It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.

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Questions 10

Identify four correct history categories when setting up compensation history. (Choose four.)

Options:

A.

Salary

B.

Other Compensation

C.

Stock

D.

Non-Recruiting Payments

E.

Recruiting Payments

F.

Payroll Elements

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Questions 11

A corporation implemented Oracle Fusion Core HR on a three-tier model with Multiple Employment Terms with Multiple Assignments as the employment model. An employee of the corporation has multiple assignments and multiple employment terms on different payroll frequencies.

What kind of salary basis must be associated with the employee? (Choose the best answer.)

Options:

A.

A different salary basis associated with each assignment or employment term.

B.

One salary basis for all assignments and employment terms

C.

One salary basis for each assignment and one of them can be used for the employment terms

D.

One salary basis for each employment terms and one of them can be used for assignment

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Questions 12

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.)

Options:

A.

Accept

B.

Reject

C.

Dismiss

D.

Reply

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Questions 13

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.)

Options:

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 employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee’s amount.

D.

Use the Include check box next to the employee’s name in the Budget worksheet to exclude the employee from the cycle.

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Questions 14

A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amountas one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.

Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)

Options:

A.

Select the “Allow User Entry” and “Create a Database Item” check boxes for the element input value.

B.

Database items are created by default for the element input values.

C.

Select “Pay Separately” as the “Special Purpose” option.

D.

Create an “Amount” input value at the element eligibility link level.

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Questions 15

You are responsible for configuring an individualcompensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

Options:

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 andinput 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.

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Questions 16

Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

Options:

A.

Create a relevant eligibility profile and associate it with the plan.

B.

Create user-defined criteria, and then create the eligibility profile and plan.

C.

Create a derived factor, and then create theeligibility profile and plan.

D.

Create an eligibility profile with the exclude option and associate it with the plan

E.

Use a fast formula to restrict access to the plan.

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Questions 17

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.)

Options:

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 inputvalue 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 samecompensation plan.

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Questions 18

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.)

Options:

A.

Manage Legal Reporting Unit Deduction Records

B.

Manage Legal Entity Deduction Records

C.

Manage Payroll Deductions

D.

Manage Personal Deductions

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Questions 19

A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.

Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

Options:

A.

Compensation history displays six categories of compensation.

B.

Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

C.

Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

D.

The summary in the compensation history shows the data for only five years.

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Questions 20

You are configuring a plan cycle date that should be visible to managers on the Approvals tab sothat 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.)

Options:

A.

HR extraction date

B.

currency conversion date

C.

default date due

D.

evaluation period start and end dates

E.

worksheet update start and end dates

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Questions 21

An organization uses Compensation Statement for its workers in theUK. 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.)

Options:

A.

The Compensation Category display name is specific to a Statement Definition.

B.

The Compensation Statement Definition synchronization process needs to be run to updatethe 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.

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Questions 22

The compensation plan that is implemented for your customer has a column that defaults based on adynamic 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.)

Options:

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 Cycletriggering event in the dynamic column

D.

by deselecting the Change Worksheet Data triggering event in the dynamic column

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Questions 23

A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.

Identify the four correct optionsregarding approval setup. (Choose four.)

Options:

A.

Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.

B.

The notifications sent to the approvers can be made actionable.

C.

Expiry, Escalation, and renew settings are possible for notifications.

D.

Reminders can be set for a fixed duration either before expiration or after assignment.

E.

Task attachments cannot be sent using email notifications.

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Questions 24

Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:

  • Working hours = 32 hours per week
  • Base pay = 20 USD per hour

What will be the employee’s Annual Salary and Annualized full-time salary? (Choose the best answer.)

Options:

A.

Annual Salary = 32280, Annualization Salary = 41600

B.

Annual Salary = 52000, Annualization Salary = 41600

C.

Annual Salary = 41600, Annualization Salary = 41600

D.

Annual Salary = 32280, Annualization Salary = 52000

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Questions 25

While administering compensation for the workforce, a manger accidentally approves a lower manager’s worksheet.

Which three statements will be true in this case? (Choosethree.)

Options:

A.

The lower-level manager can withdraw the submission and reprocess the compensation allocation.

B.

The lower-level manager’s access level is changed to “Approved.”

C.

Lower-level managers can no longer make any updates to their worksheets.

D.

The worksheet goes to next level for approval.

E.

The lower-level manager can still make changes in the worksheet and resubmit it for approval.

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Questions 26

You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)

Options:

A.

Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

B.

Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process

C.

Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.

D.

Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process.

E.

Run the Start Compensation Cycle process, Createthe workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.

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Exam Code: 1z0-1049-22
Exam Name: Oracle Compensation Cloud 2022 Implementation Professional
Last Update: Feb 22, 2024
Questions: 175
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