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

Demo: 26 questions
Total 175 questions

Oracle Compensation Cloud 2022 Implementation Professional Questions and Answers

Question 1

Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)

Options:

A.

Publish budgets manually.

B.

Copy budget amounts from a previous cycle.

C.

Use a model to distribute budgets.

D.

Publish budgets automatically by running the Build Model process.

Question 2

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 3

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 4

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.)

Options:

A.

Line Manager

B.

Compensation Manager

C.

HR Specialist

D.

Expenses Manager

Question 5

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.)

Options:

A.

Primary classifications are provided mainly to reflect tax legislation.

B.

Secondary classifications are subsets of the primary classifications.

C.

Predefined primary classifications cannot be removed or changed.

D.

Predefined secondary classifications can be removed or changed.

E.

Elements can have multiple primary and multiple secondary classifications.

Question 6

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 7

What are two attributes of primary element classifications? (Choose two.)

Options:

A.

They are globally applicable.

B.

They are editable.

C.

They are user defined.

D.

They are not editable.

E.

They are predefined.

Question 8

Your client’s organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country’s respective currency. How would you enable this feature? (Choose the best answer.)

Options:

A.

Set the preferred currency in the worksheet.

B.

Enable Currency Switching.

C.

Display the corporate currency.

D.

Use fastformula to display the employee currency using conversion rates.

Question 9

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.)

Options:

A.

Allocation exceeding target

B.

Employee termination

C.

Leave of Absence

D.

Any custom alert

Question 10

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 11

Which three dates are mandatory while creating plan cycles? (Choose three.)

Options:

A.

Evaluation Period Start Date

B.

Worksheet Update Period Start Date

C.

Plan Access Start Date

D.

HR Data Extraction Date

E.

Performance Rating Date

F.

Default Due Date

Question 12

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

Options:

A.

All active plans are available to be cross-referenced, even plans with no started cycles.

B.

You can display a target amount or custom score from a previous plan cycle in the current plan cycle.

C.

Active plans are available to be cross-referenced, except plans with no started cycles.

D.

You cannot 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.

Question 13

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 14

A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individual compensation plan for a contribution. This contribution has to be approved by the four members in parallel.

Identify the correct option regarding parallel approvals. (Choose the best answer.)

Options:

A.

Parallel approvals are not fully supported, but notifications can be sent to all members inparallel using the list builder resource option and configuring Application Role. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.

B.

Parallel approvals are supported by configuring the Application role option in the Resource list builder. Only after all the approvers approve will the process end.

C.

Parallel approvals are supported and can be configured using Static approval groups. Onlyafter all the approvers approve will the process end.

D.

A parallel approval option is not available and any approval configured is always sequential.

Question 15

A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.

What is true about the subclassifications for the created element? (Choose the best answer.)

Options:

A.

Sub-classifications provide a way to feed elements.

B.

Once a sub-classification is associated with a classification, it cannot be associated with another classification.

C.

A sub-classification name cannot be reused under a different primary classification.

D.

Elements can have only one sub-classification.

Question 16

A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.

While creating the element eligibility link, whichthree options can be set up in the element eligibility work area? (Choose three.)

Options:

A.

general information

B.

input values

C.

costing

D.

status processing rules

E.

retroactive components

F.

auto indirect rules

Question 17

What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

Options:

A.

Budgets can beseparate 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.

Question 18

As an implementation consultant, you are required to create an element for capturing the bonus awarded in the compensation cycle. Which two statements are correct regarding the input values of the element created? (Choose two.)

Options:

A.

The automatically created Amount input value is identified as the primary input value.

B.

No additional configuration is required to attach this element to the workforce compensation plan component.

C.

You must manually mark the Amount inputvalue as the primary input value in the Special Purpose field.

D.

Element entries are created for all the input values of the element.

E.

It is possible to link the same element but different input values to different components or options within the samecompensation plan.

Question 19

When a manager clicks the “Prepare in workbook” option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)

Options:

A.

Budget sheet population

B.

Worksheet population

C.

Entire organization’s population under that manager

D.

Direct Reports

E.

The filtered population

Question 20

While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.

What could have been the possible reasons for this? (Choose the best answer.)

Options:

A.

You may have forgotten to save the changes made.

B.

Another administrator might have accessed these settings after you have saved it.

C.

Network connectivity issue may have hindered your data being sent to the server.

D.

You do not have the privileges to change Stock Details.

Question 21

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 22

Which statement is correct about secondary element classifications? (Choose the best answer.)

Options:

A.

They are user-defined and can be edited.

B.

They are user-defined and cannot be edited.

C.

They are predefined and can be edited.

D.

They are predefined and cannot be edited.

Question 23

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

Options:

A.

Approval mode

B.

Submit mode

C.

Alternate approver hierarchy

D.

Auto Approval

Question 24

A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was created to capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.

Identify the option that will enable the DBI to return allthe input variables. (Choose the best answer.)

Options:

A.

Delete the existing element link and create a new element link, which will automatically create all four input values.

B.

Create a new element from scratch.

C.

This scenario cannot be implemented.

D.

Create status processing rules for the input values.

Question 25

You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)

Options:

A.

The category does not have employee contribution.

B.

The category does not have employer contribution.

C.

The category has been added as a subcategory.

D.

The category does not have a graph defined in it.

Question 26

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.

Demo: 26 questions
Total 175 questions