Oracle 1Z0-1049-21 - Oracle Compensation Cloud 2021 Implementation Essentials

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You are responsible forconfiguring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

A) You can associate each payroll element with one option but with multiple plans.
B) You can associate each payroll element with only one plan and option.
C) You can associate each payroll element with multiple plans and options.
D) You can associate each option with the same payroll element and input value.
E) You can associate each option with only one payroll element and input value.

2. The compensation manager wants to run the batch process to start thecompensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

A) It backs out unrestricted events for participants.
B) It backs out started and processed events for participants.
C) It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
D) It removes unneeded transaction data from prior plan cycles.

3. A corporation has implementedOracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements?
(Choose four.)

A) References for calculation factors
B) Deduction group
C) Elements
D) Input values
E) Wage basis rules
F) Flat amount
G) Balance feeds

4. What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

A) It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.
B) It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.
C) It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.
D) It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.

5. 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.)

A) Enable Currency Switching.
B) Use fast formula to display the employee currency using conversion rates.
C) Display the corporate currency.
D) Set the preferred currency in the worksheet.

Solutions: