1Z0-1049-20 Online Practice Questions and Answers

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 Configure Compensation Component task in Manage plans

B. The Salary Component Lookup

C. It is not possible to achieve this, because only the delivered salary components can be used.

D. The Compensation Models

Identify the four components that can be included in a fast formul

A. (Choose four.)

B. Output statement

C. Input statement

D. Comments

E. Assignment statements

F. Symbolic variables

G. Conditions

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

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.)

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.

A corporation has implemented Oracle Fusion Workforce Compensation. The requirement is that Bonus Amount should be given only to the Full-Time Assignment category employees who work on weekly payroll. Additionally, the costing information must be transferred to General Ledger. Which implementation approach is correct for creating the required element? (Choose the best answer.)

A. creating an input value and setting up costing information at the input value level

B. creating status processing rules and setting up costing information at the status processing level

C. creating an element eligibility link and setting up costing information at the link level

D. creating an auto-indirect rule and setting up costing information at the auto-indirect level

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.

Which three statements are true about payroll deductions? (Choose three.)

A. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.

B. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.

C. A personal deduction card contains person-specific information that is used to calculate the deduction amount.

D. The deduction element's status processing rule drives the calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.

E. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.

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. Salary changed in HR

B. Allocation outside target range

C. Grade changed in HR

D. Job changed in HR

E. Worker was terminated

F. Worker is on long-term leave

Which three dates are mandatory while creating plan cycles? (Choose three.)

A. Evaluation Period Start Date

B. Worksheet Update Period Start Date

C. Plan Access Start Date

D. HR Data Extraction Date

E. Performance Rating Date

F. Default Due Date

While validating the Workforce Compensation Plan Setup, the compensation administrator encounters the following Warning: "At least one column that adjusts salary is enabled but no components to be posted as salary are selected." What should the compensation administrator do to eliminate this warning? (Choose the best answer.)

A. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Eligible Salary Column Properties, select Yes for Post as Salary.

B. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Percentage of Eligible Salary Column Properties, add an Element.

C. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Compensation Amount Column Properties, select Yes for Post as Salary.

D. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and enable Compensation Amount.

E. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and enable Eligible Salary.

Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

A. Dates

B. Monetary Values

C. more than one nonmonetary unit of measure

D. Non Monetary Values

E. Text

Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target. How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)

A. Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.

B. Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.

C. Initiate budgets automatically by using the Start Compensation Cycle process.

D. Request excess budget allocation from the manager above him.

Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

A. Create a Rating Level for the rating model.

B. Review points with from and to points entered for the rating level.

C. Populate Rating Categories for all rating levels.

D. Create Target Distributions for each of the rating levels.

When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

A. You may use either VariableAllocationTask and VarialbeAllocationFYITask

B. You must use VariableAllocationTask and not VariableAllocationFYITask.

C. You must use VariableAllocationFYITask and not VariableAllocationTask.

D. You must use VariableAllocationTask and edit the rules if using only for notification.

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.