Oracle 1Z0-1049-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1049-20 Online Questions & Answers

• Question 1:

  A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades. What is the correct way to set up the salary bases? (Choose the best answer.)

  A. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
  B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
  C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and grade rate need not match.
  D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
  B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

• Question 2:

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

  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.
  A. Publish budgets manually.
  C. Use a model to distribute budgets.

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  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387106AN1115F.htm (initiating budgets)

• Question 3:

  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
  C. by using Min, Max, and Mid Point rate values

• Question 4:

  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 assignment and one of them can be used for the employment terms
  D. One salary basis for each employment terms and one of them can be used for assignment
  D. One salary basis for each employment terms and one of them can be used for assignment

• Question 5:

  An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them. Which two statements are true when configuring the items? (Choose two.)

  A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
  B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.
  C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
  D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
  C. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
  D. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

• Question 6:

  Identify the four correct options about the summary tables in the compensation history. (Choose four.)

  A. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
  B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
  C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
  D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
  E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
  A. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
  B. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
  D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
  E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.

• Question 7:

  A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the

  salary basis.

  Which three are predefined components? (Choose three.)

  A. Regular and automatic adjustment
  B. Market adjustment due to salary being out of line with the market
  C. Equity adjustment to correct salary compression or inversion
  D. Adjustment due to corrections within the organization
  A. Regular and automatic adjustment
  B. Market adjustment due to salary being out of line with the market
  C. Equity adjustment to correct salary compression or inversion

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  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (salary component lookups: explained)

• Question 8:

  What is the relationship between Net Pay and Earnings? (Choose the best answer.)

  A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
  B. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
  C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
  D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
  A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.

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  Reference: https://docs.oracle.com/cd/E37583_01/fusionapps.1116/e20379/F720777AN425A7.htm (remuneration)

• Question 9:

  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 bulk update using Integrated Workbook? (Choose the best answer.)

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

• Question 10:

  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.)

  A. Compensation Analyst
  B. Compensation Executive
  C. Compensation Specialist
  D. Compensation Manager
  A. Compensation Analyst