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Oracle 1z0-1049-22 Oracle Compensation Cloud 2022 Implementation Professional Exam Practice Test

Note! Following 1z0-1049-22 Exam is Retired now. Please select the alternative replacement for your Exam Certification. The new exam code is 1z0-1049-23
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Total 175 questions

Oracle Compensation Cloud 2022 Implementation Professional Questions and Answers

Question 1

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.)

Options:

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.

Question 2

Contingent workers are ineligible as per the eligibility rules defined for your organization’s compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the “Refresh Workforce Compensation Data” nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager’s worksheet. How is this possible? (Choose the best answer.)

Options:

A.

Track Ineligible Workers is selected in the compensation plan.

B.

Show Ineligible Workers is selected in the compensation plan.

C.

Hide Ineligible Workers is selected in the compensation plan.

D.

Process IneligibleWorkers is selected in the compensation plan.

Question 3

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

Options:

A.

Managers can rate workers as they allocate compensation.

B.

These ratings are used across compensation plan and cycles.

C.

The ratings are transferred to the Performance Management system or to HR.

D.

You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

Question 4

After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.

What is the reason for this?(Choose the best answer.)

Options:

A.

The Validate Plan Setup process does not validate eligibility profiles.

B.

The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.

C.

The Validate PlanSetup process failed to report errors from the eligibility profiles.

D.

The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.

Question 5

You are responsible for configuring variable allocationsto 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.)

Options:

A.

The task is only for notification and has no rules.

B.

The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.

C.

The task applies to selected allocations, uses two levels of the Supervisory listbuilder, 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.

Question 6

How would you control the task of determining if a person is eligible fora compensation plan? (Choose the best answer.)

Options:

A.

a mix of element eligibility and eligibility profiles

B.

through element eligibility only, never with eligibility profiles

C.

with the eligibility profiles, never through element eligibility

D.

either witheligibility profiles or through element eligibility

Question 7

The Budget Pool Storage Method selected is “Amount.” One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.

What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)

Options:

A.

The published budgets change when a manager’s total eligible salary changes, such as when workers are reassigned.

B.

The published amounts stay with the manager whenworkers are reassigned or their eligibility changes.

C.

The published budgets change when a manager’s total eligible salary changes, such as when workers eligibility changes.

D.

The published budgets is always a percentage of the total budget pool.

Question 8

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

Options:

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.

Question 9

The manager administering compensation has the option to create budget models to be used to allocate compensation.

Which four options regarding compensationmodeling are correct? (Choose four.)

Options:

A.

Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.

B.

Managers can create their own models and use them.

C.

Managers cannot share a model created by them.

D.

Managers can use a model created by compensation professionals.

E.

Access of a model is limited only to the creator of the model.

F.

A model can be shared with the direct reports of the creator.

Question 10

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 areincluded in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)

Options:

A.

Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including therecent transfers and other employment changes.

B.

Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.

C.

Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.

D.

Run the Back Out Workforce Compensation Data process with the “Full back out” option.

Question 11

Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

Options:

A.

Create a relevant eligibility profile and associate it with the plan.

B.

Create user-defined criteria, and then create the eligibility profile and plan.

C.

Create a derived factor, and then create theeligibility profile and plan.

D.

Create an eligibility profile with the exclude option and associate it with the plan

E.

Use a fast formula to restrict access to the plan.

Question 12

As an implementation consultant, youare required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.

Select the correct sequence to construct a total compensation statement. (Choose the best answer.)

Options:

A.

Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.

B.

Create compensation items > specify thestatement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.

C.

Create compensation items > generate a statement > specify the statement period anddisplay options > arrange categories hierarchically in the statement definition > attach items to compensation categories.

D.

Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.

Question 13

Whileimplementing, 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.)

Options:

A.

Category Type

B.

ContributionType and Unit of Measure

C.

Level of detail

D.

Statement definitions

E.

Compensation Items

F.

Category Detail

Question 14

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.)

Options:

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

Question 15

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.)

Options:

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.

Question 16

Yourcustomer’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.)

Options:

A.

an optional welcome message

B.

the conversion rate date for currency conversions

C.

the date that statements become available toworkers

D.

the date when bonus is awarded to workers

E.

the date when merit increases are awarded to workers

Question 17

Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October 2014. The employee record set up in the plan setting is “Employment terms,” while the Legal Employer of Employee X uses a two-tier model.

On which manager’s worksheet does Employee X appear? (Choose the best answer.)

Options:

A.

Manager Y, because this is the original manager of Employee X.

B.

Manager Z, because this is the current manager to whom Employee X is reporting.

C.

Both Manager Y and Manager Z, because he hasworked under both of them during the current cycle.

D.

Employee X does not appear on any manager’s sheet, because he will not be evaluated by the compensation plan.

Question 18

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

Options:

A.

Models

B.

Components

C.

Performance ratings

D.

Compensation change statements

E.

Alerts

F.

Plan cycles

Question 19

As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.

Which role is mandatory to view the compensation statement? (Choose the best answer.)

Options:

A.

CompensationAnalyst

B.

Compensation Executive

C.

Compensation Specialist

D.

Compensation Manager

Question 20

A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.

Which statement is true about the bulkupdate using Integrated Workbook? (Choose the best answer.)

Options:

A.

Integrated Workbook can be used to update all the seven components.

B.

Only the first four active components will be loaded at a time by Integrated Workbook.

C.

Only the first five active components will be loaded at a time by Integrated Workbook.

D.

Only the first six active components will be loaded at a time by Integrated Workbook.

Question 21

As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.

What is the correct configuration to meet this requirement? (Choose the best answer.)

Options:

A.

Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.

B.

Create an element without defining Element Eligibility.

C.

Create Element Eligibility with the Grade and Position parameters.

D.

Create Element Eligibility with the department and specific payroll parameters.

Question 22

Which two are element classification types? (Choose two.)

Options:

A.

Primary

B.

Secondary

C.

US-only

D.

International

E.

Global

Question 23

You have configured acompensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating whileallocating compensation. What happens in this case? (Choose the best answer.)

Options:

A.

The rating will be available to only the plan where it is updated.

B.

The rating will be available to all plans that are currently active.

C.

The rating will be available inthe Performance document in the performance system.

D.

The rating will be available to only the plans where the same manager is involved.

Question 24

What happens when you define Workforce Compensation Plan components but theemployees to whom the compensation change is being administered does not have any component in his or her salary? (Choose the best answer.)

Options:

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 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.

C.

The last component is automatically mapped to the salary andthe amount associated with this component is posted as a salary adjustment to the employee record.

D.

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.

Question 25

Identify the four components that can be included in a fast formula. (Choose four.)

Options:

A.

Output statement

B.

Input statement

C.

Comments

D.

Assignment statements

E.

Symbolic variables

F.

Conditions

Question 26

After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.

What is the correct way of achieving this? (Choose the best answer.)

Options:

A.

Use the Edit button in the Employee’s included area while creating a model to exclude the employee.

B.

Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.

C.

Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee’s amount.

D.

Use the Include check box next to the employee’s name in the Budget worksheet to exclude the employee from the cycle.

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Total 175 questions