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.
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.
Question 102:
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)
A. Only within the current compensation plan and all cycles associated with it B. Only within the current compensation plan and the current cycle C. To the current compensation plan and the Performance Management system D. To the current compensation plan and HR system
A. Only within the current compensation plan and all cycles associated with it
Question 103:
While implementing, 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.)
A. Category Type B. Contribution Type and Unit of Measure C. Level of detail D. Statement definitions E. Compensation Items F. Category Detail
A. Category Type B. Contribution Type and Unit of Measure C. Level of detail
Group related compensation together into compensation categories for display in total compensation statements. When planning how to group compensation items and categories for display, you must consider the following factors: Category type Contribution type and unit of measure Level of detail Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm
Question 104:
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details. Name: Variable component Restrict plan access: Yes Action: Manage Contributions Access Level: New Allocations: Always Allow Update Allocations: Never Allow Discontinue Allocations: "Allowed during a specific period" with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)
A. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined. B. Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard. C. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee. D. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
A. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
Question 105:
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)
A. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet. B. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status. C. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet. D. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet. E. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
A. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet. B. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status. C. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet. D. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
Salary paid based on the grades of employees.
Car allowance paid based on the department and position.
Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)
A. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions. B. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions. C. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access. D. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
Question 107:
Which statement is correct about secondary element classifications? (Choose the best answer.)
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.
C. They are predefined and can be edited.
Question 108:
Identify the four components that can be included in a fast formul
A. (Choose four.) B. Output statement C. Input statement D. Comments E. Assignment statements F. Symbolic variables G. Conditions
B. Output statement C. Input statement D. Comments F. Symbolic variables
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
C. Standard Earnings Classification
Reference: http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566545AN4D67C.htm (using the standard earnings classification)
Question 110:
While configuring the Budget page, you are setting the properties of the Job column. Which two sections are available in the properties for the Job column? (Choose two.)
A. General B. Default Value C. Information D. Legal Employer
Nowadays, the certification exams become more and more important and required by more and more
enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare
for the exam in a short time with less efforts? How to get a ideal result and how to find the
most reliable resources? Here on Vcedump.com, you will find all the answers.
Vcedump.com provide not only Oracle exam questions,
answers and explanations but also complete assistance on your exam preparation and certification
application. If you are confused on your 1Z0-1049-20 exam preparations
and Oracle certification application, do not hesitate to visit our
Vcedump.com to find your solutions here.