1z0-1049-20 Free Certification Exam Material from PDFVCE with 180 Questions
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NEW QUESTION 92
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. 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 employment terms and one of them can be used for assignment
- D. One salary basis for each assignment and one of them can be used for the employment terms
Answer: C
NEW QUESTION 93
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
- A. Budgets can be separate 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.
Answer: A,C
Explanation:
Explanation
If you use budgeting, you can have separate budgets for each component or link multiple components to a single budget. You can also link budgets to off-cycle compensation plans. For example, you can give a manager a single annual budget amount and draw both focal and off-cycle awards from the same budget pool.
Once you enable budgeting, you configure how data displays on the budget page, such as data display order, available menu actions, and text instructions to the managers. Also, you can copy a budget page layout from another plan.
NEW QUESTION 94
An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)
- A. HR Specialist
- B. Line Manager
- C. Expenses Manager
- D. Compensation Manager
Answer: A,B,D
NEW QUESTION 95
As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency is currently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)
- A. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- B. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
- C. Define a Category that includes the item and has currency defined as the Indian Rupee.
- D. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
Answer: B
NEW QUESTION 96
You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year.
How should you achieve this? (Choose the best answer.)
- A. Do not select any additional actions other than Manage Contributions with access level as Create:
Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed. - B. Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.
- C. Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
- D. Make the plan available for all actions in the list with access level for each action Always allowed.
Answer: C
NEW QUESTION 97
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 one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.
- B. 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.
- C. 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.
- D. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.
Answer: C
NEW QUESTION 98
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people? (Choose the best answer.)
- A. User-defined-criteria-based eligibility profile using hire date
- B. Employment-based-eligibility-criteria using length of service
- C. Derived -factor-based eligibility criteria using length of service
- D. Employment-based eligibility criteria suing hire date
Answer: B
NEW QUESTION 99
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hoc payments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
- A. You cannot define multiple eligibility criteria for each element in any case.
- B. You can define multiple eligibility criteria for each element, but there must not be any overlap between them.
- C. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
- D. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
Answer: A,B
Explanation:
Explanation
You can define more than one eligibility criteria for each element but there must be no overlap between them.
For example, you could create one criteria for the combination of grade A and the job Accountant. However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, you can enter different default values, qualifying conditions, and costing information for each eligibility group.
NEW QUESTION 100
What happens when you define Workforce Compensation Plan components but the employees to whom the compensation change is being administered does not have any component in his or her salary? (Choose the best answer.)
- A. The sum of all components identified to be posted as salary is posted as a single salary adjustment amount to the employee's salary record.
- B. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that the plan components must have a direct mapping with the employee's salary components.
- C. The first component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.
- D. The last component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.
Answer: D
NEW QUESTION 101
Which two tasks are true about components in worksheet configurations? (Choose two.)
- A. You can create up to five components to represent the different types of compensation that you want to award within a plan.
- B. Plans must have at least one component if awarding compensation.
- C. Each component has to be of a separate type, such as salary or bonus.
- D. There is the flexibility to add any number of components within a compensation plan.
Answer: A,B
NEW QUESTION 102
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 Salary Component Lookup
- B. The Compensation Models
- C. The Configure Compensation Component task in Manage plans
- D. It is not possible to achieve this, because only the delivered salary components can be used.
Answer: A
NEW QUESTION 103
Which three statements are true about individual compensation plans? (Choose three.)
- A. Individual compensation plans are necessary for payment of items such as spot bonus.
- B. A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
- C. Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
- D. Individual compensation plans are not necessary for payment of items such as spot bonus.
- E. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
Answer: A,C,E
NEW QUESTION 104
Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stopped only during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)
- A. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw Allocations: Specific period Sep 1 - Sep 30 - B. The individual compensation plan must be set up with the following restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30 - C. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1-Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30 - D. The individual compensation plan must be set up with "NO" for plan access restriction.
Answer: A
NEW QUESTION 105
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. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
- C. All active plans are available to be cross-referenced, even plans with no started cycles.
- D. You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
- E. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
Answer: C,D,E
Explanation:
Explanation
All active plans are available to be cross referenced, even plans with no started cycles. You can also reference a plan within itself to display values from a previous plan cycle in a subsequent cycle. For example, you can display a target amount or custom score from a previous plan cycle in the current plan cycle so that managers are aware of that data when making a current compensation decision.
You cannot select a default value for a column by cross-referencing a column from another plan if you have selected values for the Default Value, Default and Override Formula, or Compensation Derived Factor fields on the Configure Column Properties dialog box.
NEW QUESTION 106
While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)
- A. Category Detail
- B. Statement definitions
- C. Category Type
- D. Contribution Type and Unit of Measure
- E. Level of detail
- F. Compensation Items
Answer: C,D,E
Explanation:
Explanation
Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors:
* Category type
* Contribution type and unit of measure
* Level of detail
NEW QUESTION 107
Identify the three choices available when configuring approvals. (Choose three.)
- A. Approval mode
- B. Auto Approval
- C. Submit mode
- D. Alternate approver hierarchy
Answer: A,C,D
NEW QUESTION 108
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Comments
- B. Output statement
- C. Conditions
- D. Assignment statements
- E. Symbolic variables
- F. Input statement
Answer: A,C,D,F
NEW QUESTION 109
Your Workforce Compensation Plan has the following Plan Cycle setup:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* Worksheet Update Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Nov-2014
* Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, the Marketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes are included in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)
- A. Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including the recent transfers and other employment changes.
- B. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
- C. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
- D. Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
Answer: A
NEW QUESTION 110
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 element eligibility link and setting up costing information at the link level
- B. creating an input value and setting up costing information at the input value level
- C. creating status processing rules and setting up costing information at the status processing level
- D. creating an auto-indirect rule and setting up costing information at the auto-indirect level
Answer: A
NEW QUESTION 111
Which two tasks are performed by compensation managers while determining budgets? (Choose two.)
- A. Determine budget amounts offline by downloading budget details to a spreadsheet.
- B. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
- C. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
- D. Manually calculate budget amounts or automatically determine budget amounts by using a model.
Answer: B,C
NEW QUESTION 112
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