Oracle 1z0-1049 Free Practice Questions

NEW QUESTION 1
While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers to achieve this? (Choose the best answer.)

• A. Use the Advanced Filter option in the worksheet to create a custom condition.
• B. Control the population by using eligibility profiles.
• C. Use the sort feature in the worksheet to control this.
• D. This cannot be done once the population is finalized and the compensation cycle is started.

Answer: A

NEW QUESTION 2
What classification can you use if employees submit timecards and you want absences taken by these employees to show on the statement of earnings? (Choose the best answer.)

• A. Either Absence or Information Classification
• B. Absence Classification
• C. Standard Earnings Classification
• D. Information Classification
• E. Either Standard Earnings or Absence Classification
• F. Any classification will result in the absences showing

Answer: C

NEW QUESTION 3
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 are the foundation upon which the Compensation Statement is built.
• B. Compensation items cannot be used across statement definitions.
• C. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
• D. Compensation items can be added to statement definitions directly.
• E. Compensation items are added to a compensation category to include them in statements.

Answer: AE

NEW QUESTION 4
Identify four correct history categories when setting up compensation history. (Choose four.)

• A. Salary
• B. Other Compensation
• C. Stock
• D. Non-Recruiting Payments
• E. Recruiting Payments
• F. Payroll Elements

Answer: BCDE

Explanation:
The Compensation History summary table displays four categories of compensation: Base Pay, Other Compensation (one-time payments), Stock, and Recurring Payments. Compensation history automatically displays base pay and stock grants. You must add additional recurring nonbase pay and one-time compensation to history.

NEW QUESTION 5
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.)

• A. Calculation Factors indicate which deduction range to use when calculating 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.

Answer: AB

NEW QUESTION 6
As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

• A. An employee transfers into your organization.
• B. An employee’s data has been corrected by HR and it now satisfies the eligibility criteria.
• C. An employee leaves an organization.
• D. A contingent employee becomes a regular employee.
• E. A loaned employee in your organization returns after assignment completion.
• F. An intern in your organization gets his place confirmed as an employee.

Answer: ABDE

NEW QUESTION 7
Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

• A. Any payroll element can be added and all other details are auto-populated including the history category.
• B. Any payroll element can be added and the input value of the element must be selecte
• C. All other details are auto-populated including the history category.
• D. Any payroll element can be added and all other details are auto-populated excluding the history category.
• E. Any payroll element can be added and the input value of the element must be selecte
• F. All other details are auto-populated excluding the history category.

Answer: B

NEW QUESTION 8
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 Items
• B. Manage Stock Grants >> Import Category
• C. Manage Stock Grants >> Import Source
• D. Manage Stock Grants >> Prepare Import Spreadsheet

Answer: D

NEW QUESTION 9
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.)

• 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 Plan Setup 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.

Answer: B

NEW QUESTION 10
In the workforce compensation work area, the Manager’s Worksheet Status is “In Approvals”. What progress has the compensation manager made through a workforce compensation cycle? (Choose the best answer.)

• A. A budget was published to the manager.
• B. The manager submitted his or her worksheet for approval.
• C. The first-level manager approved the manager’s worksheet.
• D. The highest-level manager or approver in the approval hierarchy approved the manager’s worksheet.
• E. The manager saved some changes to his or her worksheet.

Answer: C

NEW QUESTION 11
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)

• 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 with eligibility profiles or through element eligibility

Answer: A

NEW QUESTION 12
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.)

• 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.

Answer: B

NEW QUESTION 13
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 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 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 14
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

• A. Monetary, Nonmonetary, Date, Text
• B. Monetary, Nonmonetary, Timestamp, Text
• C. Monetary, Timestamp, Boolean
• D. Monetary, Nonmonetary, Date, Boolean

Answer: B

NEW QUESTION 15
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and 31-May-2014, respectively. However, when a manger logs into the workforce compensation area on
5- Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this? (Choose the best answer.)

• A. Active plans are always shown in read-only mode until the Worksheet update period starts.
• B. Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
• C. Active plans are always shown in read-only mode once it is past the eligibility determination date.
• D. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

Answer: B

NEW QUESTION 16
You can use predefined alerts to notify managers about issues on the worksheet that need their attention. Which four predefined alerts are available? (Choose four.)

• A. Salary changed in HR
• B. Allocation outside target range
• C. Grade changed in HR
• D. Job changed in HR
• E. Worker was terminated
• F. Worker is on long-term leave

Answer: ABCE

NEW QUESTION 17
Identify the four components that can be included in a fast formula. (Choose four.)

• A. Output statement
• B. Input statement
• C. Comments
• D. Assignment statements
• E. Symbolic variables
• F. Conditions

Answer: BCDF

NEW QUESTION 18
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

• 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.

Answer: AD

NEW QUESTION 19
You have configured a compensation 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 while allocating compensation. What happens in this case? (Choose the best answer.)

• 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 in the Performance document in the performance system.
• D. The rating will be available to only the plans where the same manager is involved.

Answer: C

NEW QUESTION 20
Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

• A. by associating the Grade Ladders with legal entities
• B. by using LDG-specific Grade Min, Max, and Mid Point rate values
• C. by using Min, Max, and Mid Point rate values
• D. by using steps and rate values

Answer: C

NEW QUESTION 21
When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)

• A. You may use either VariableAllocationTask and VarialbeAllocationFYITask
• B. You must use VariableAllocationTask and not VariableAllocationFYITask.
• C. You must use VariableAllocationFYITask and not VariableAllocationTask.
• D. You must use VariableAllocationTask and edit the rules if using only for notification.

Answer: C

NEW QUESTION 22
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