1Z0-1049-22 Online Practice Questions and Answers

An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct

option for the frequency shown in the base rate of compensation history.

(Choose the best answer.)

A. hourly, because the employee has hourly pay

B. weekly, because the employee is on a weekly payroll

C. annually, because the history must always be shown with annual amounts

D. the frequency of the employee's salary basis

A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.

Which two statements are correct regarding the Calculation Factors? (Choose two.)

A. Calculation Factors indicate which deduction range to use whencalculating the deduction amount.

B. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.

C. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.

D. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.

Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

A. Components

B. Plan Currency

C. Plan Access

D. Alerts

E. Feedback Survey

As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.

Which option is the correct method to do so? (Choose the best answer.)

A. Manage Stock Grants >> Import Items

B. Manage Stock Grants >> Import Category

C. Manage Stock Grants >> Import Source

D. Manage Stock Grants >> Prepare Import Spreadsheet

As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)

A. Compensation Item

B. Compensation Category

C. Compensation Source

D. Compensation Statement Definition

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.)

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

Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

A. Manually calculatebudget amounts or automatically determine budget amounts by using a model.

B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.

C. Determine budget amountsoffline by downloading budget details to a spreadsheet.

D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.

Which four tasks are partof Worksheet Configuration Options? (Choose four.)

A. Models

B. Components

C. Performance ratings

D. Compensation change statements

E. Alerts

F. Plan cycles

You create a compensationplan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)

A. Only within the current compensation plan and all cycles associated with it

B. Only within the current compensation plan and the current cycle

C. To the current compensation plan and the Performance Management system

D. To the current compensation planand HR system

Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)

A. Allocation exceeding target

B. Employee termination

C. Leave of Absence

D. Any custom alert

Which item is false regarding plan access? (Choose the best answer.)

A. Compensation administrators have access to all plan configuration tasks for all plans.

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 cannot be overridden.

D. A compensation administrator's general access can be overridden using roles.

Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

A. If user access should be based on career levels or earnings thresholds

B. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle

C. if there should be a "white list" name criteria for access to the plan

D. if plan access should be related to HR actions

E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions

F. whether or not to restrictaccess to the plan at all

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 associating the Grade Ladders with legal entities

B. by using LDG-specific Grade Min, Max, and Mid Point rate values

C. by using Min, Max, and Mid Point rate values

D. by using steps and rate values

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.

How will you configure this requirement in the Fusion application? (Choose the best answer.)

A. Attach performance bonuses to similar compensation items.

B. Attach performance bonuses to similar compensation categories/subcategories.

C. Attach performance bonuses to similar elements.

D. Attach performance bonuses to similar sources.

Identify the three choices available whenconfiguring approvals. (Choose three.)

A. Approval mode

B. Submit mode

C. Alternate approver hierarchy

D. Auto Approval