Oracle Compensation Cloud 2022 Implementation Professional - 1z0-1049-22 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan. B. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required. C. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client. D. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

Discussion 0

Correct Answer: B Vote an answer

Question 2

A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

A. Deduction range Values B. Deduction ranges C. Deduction overrides D. Deduction range group

Discussion 0

Correct Answer: B Vote an answer

Question 3

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A. Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items. B. Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category. C. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item. D. Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.

Discussion 0

Correct Answer: A Vote an answer

Question 4

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

A. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status. B. 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. C. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet. D. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet. E. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.

Discussion 0

Correct Answer: A,B,C,D Vote an answer

Question 5

Which three statements are true regarding plan cycles? (Choose three.)

A. Active plans are available to be cross-referenced, except plans with no started cycles. B. All active plans are available to be cross-referenced, even plans with no started cycles. C. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle. D. You can display a target amount or custom score from a previous plan cycle in the current plan cycle. E. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question 6

A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true? (Choose the best answer.)

A. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade. B. A new Grade rate can be created and the Salary basis can be modified to include it. C. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate. D. No new Grade rate can be created.

Discussion 0

Correct Answer: A Vote an answer

Question 7

If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

A. These ratings are used across compensation plan and cycles. B. The ratings are transferred to the Performance Management system or to HR. C. You can display compensation ratings given in the previous plan cycle as a column in the worksheet. D. Managers can rate workers as they allocate compensation.

Discussion 0

Correct Answer: C,D Vote an answer

Question 8

A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)

A. Resource B. Job Level C. Department Level D. Position E. Management Chain F. Supervisory

Discussion 0

Correct Answer: A,B,C,F Vote an answer

Question 9

Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A. Plan Access B. Plan Eligibility C. Salary Component D. Action and Action Reasons E. Budget Pools

Discussion 0

Correct Answer: C Vote an answer

Question 10

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.)

A. One salary basis for each employment terms and one of them can be used for assignment B. A different salary basis associated with each assignment or employment term. C. One salary basis for each assignment and one of them can be used for the employment terms D. One salary basis for all assignments and employment terms

Discussion 0

Correct Answer: A Vote an answer

Question 11

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 Category B. Manage Stock Grants >> Import Items C. Manage Stock Grants >> Import Source D. Manage Stock Grants >> Prepare Import Spreadsheet

Discussion 0

Correct Answer: D Vote an answer

Question 12

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)

A. The item cannot be deleted, because it is attached to a category. B. The above scenario does not stand true as the item can be deleted. C. More than one administrator might be using the item and, therefore, it cannot be deleted. D. Before deleting the item, you must configure a zero value behavior for the item.

Discussion 0

Correct Answer: C Vote an answer

Question 13

You are required to explain to your client the use of Hierarchy design in Compensation Process. Which two Compensation-related activities use Hierarchy? (Choose two.)

A. Allocating budgets B. Approval routing C. Feedback survey D. Sending Compensation alerts E. Plan access

Discussion 0

Correct Answer: A,B Vote an answer

Question 14

A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choose three.)

A. Predefined secondary classifications can be removed or changed. B. Secondary classifications are subsets of the primary classifications. C. Primary classifications are provided mainly to reflect tax legislation. D. Predefined primary classifications cannot be removed or changed. E. Elements can have multiple primary and multiple secondary classifications.

Discussion 0

Correct Answer: B,C,D Vote an answer