[Dec-2021] 1z0-1049-20 exam torrent Oracle study guide
Use Valid New 1z0-1049-20 Test Notes & 1z0-1049-20 Valid Exam Guide
Oracle 1z0-1049-20 Exam Syllabus Topics:
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NEW QUESTION 63
While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)
- A. Summary
- B. Information
- C. Actions
- D. Worker List
- E. Detail table
Answer: E
NEW QUESTION 64
Which four tasks are part of Worksheet Configuration Options? (Choose four.)
- A. Compensation change statements
- B. Components
- C. Performance ratings
- D. Models
- E. Alerts
- F. Plan cycles
Answer: A,B,C,E
NEW QUESTION 65
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan?
(Choose the best answer.)
- A. The rating will be available to only the plans where the same manager is involved.
- B. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
- C. The rating will be available to all plans that are currently active.
- D. The rating will be available to only the plan where it is updated.
Answer: C
NEW QUESTION 66
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 applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
- B. The task is only for notification and has no rules.
- 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 67
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. Before deleting the item, you must configure a zero value behavior for the item.
- B. The above scenario does not stand true as the item can be deleted.
- C. The item cannot be deleted, because it is attached to a category.
- D. More than one administrator might be using the item and, therefore, it cannot be deleted.
Answer: D
NEW QUESTION 68
Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and each country has a specific salary range. How would you configure the salary bases? (Choose the best answer.)
- A. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.
- B. Create four salary bases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.
- C. Create four salary bases and four grade rates, and attach the grade rates to the salary bases.
- D. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.
Answer: C
NEW QUESTION 69
What is the relationship between Net Pay and Earnings? (Choose the best answer.)
- A. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
- B. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
- C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
- D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
Answer: B
NEW QUESTION 70
Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)
- A. an optional welcome message
- B. the conversion rate date for currency conversions
- C. the date when merit increases are awarded to workers
- D. the date when bonus is awarded to workers
- E. the date that statements become available to workers
Answer: A,D,E
NEW QUESTION 71
A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases.
Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases? (Choose the best answer.)
- A. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
- B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
- C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
Answer: A
NEW QUESTION 72
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. annually, because the history must always be shown with annual amounts
- B. hourly, because the employee has hourly pay
- C. weekly, because the employee is on a weekly payroll
- D. the frequency of the employee's salary basis
Answer: C
NEW QUESTION 73
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)
- A. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
- B. The ratings are transferred to the Performance Management system or to HR.
- C. These ratings are used across compensation plan and cycles.
- D. Managers can rate workers as they allocate compensation.
Answer: A,D
NEW QUESTION 74
While configuring the Budget page, you are setting the properties of the Job column.
Which two sections are available in the properties for the Job column? (Choose two.)
- A. General
- B. Default Value
- C. Information
- D. Legal Employer
Answer: A,B
NEW QUESTION 75
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
- A. Publish budgets automatically by running the Build Model process.
- B. Publish budgets manually.
- C. Use a model to distribute budgets.
- D. Copy budget amounts from a previous cycle.
Answer: B,C
NEW QUESTION 76
What happens if you include ineligible workers on the worksheet? (Choose the best answer.)
- A. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
- B. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
- C. It displays ineligible workers but 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.
Answer: C
NEW QUESTION 77
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. 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.
- B. 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. Finally transfer the data to HR.
- C. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
- D. Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return 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 plan.
Answer: C
NEW QUESTION 78
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. 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. - B. No new Grade rate can be created.
- C. 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.
- D. A new Grade rate can be created and the Salary basis can be modified to include it.
Answer: C
NEW QUESTION 79
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
- A. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
- B. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
- C. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
- D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
- E. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
Answer: A,C,D,E
NEW QUESTION 80
A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)
- A. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
- B. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.
- C. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
- D. For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
Answer: A
NEW QUESTION 81
Which three statements are true about payroll deductions? (Choose three.)
- A. 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.
- B. A personal deduction card contains person-specific information that is used to calculate the deduction amount.
- C. 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.
- D. A payroll deduction comprises the rates and rules that are used to calculate the deduction amount.
- E. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.
Answer: C,D,E
NEW QUESTION 82
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)
- A. Compensation items can be added to statement definitions directly.
- B. Compensation items are added to a compensation category to include them in statements.
- C. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
- D. Compensation items are the foundation upon which the Compensation Statement is built.
- E. Compensation items cannot be used across statement definitions.
Answer: B,D
NEW QUESTION 83
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. Deduction Range
- B. Element Entry
- C. Input Value
- D. Benefit Balance
- E. Formula
- F. Payroll Balance
Answer: B,D,E,F
NEW QUESTION 84
Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways can the compensation currency be displayed? (Choose three.)
- A. Each employee's local currency
- B. Preferred currency
- C. Only one currency can be displayed
- D. The corporate currency
Answer: A,B,D
NEW QUESTION 85
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