Oracle 1Z0-1049-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1049-22 Online Questions & Answers

• Question 91:

  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.)

  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
  B. weekly, because the employee is on a weekly payroll

• Question 92:

  A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hoc payments for eligible workforce. Which two statements are true about element eligibility criteria for such elements? (Choose two.)

  A. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
  B. You can define multiple eligibilitycriteria for each element, but there must not be any overlap between them.
  C. You cannot define multiple eligibility criteria for each element in any case.
  D. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
  B. You can define multiple eligibilitycriteria for each element, but there must not be any overlap between them.
  C. You cannot define multiple eligibility criteria for each element in any case.

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  Explanation/Reference:

  You can define more than one eligibility criteria for each element but there must be no overlap between them. For example, you could create one criteria for the combination of grade A and the job Accountant. However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, you can enter different defaultvalues, qualifying conditions, and costing information for each eligibility group.

• Question 93:

  A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.

  Identify all the four builders that support a restriction for the number of levels. (Choose four.)

  A. Management Chain
  B. Supervisory
  C. Position
  D. Job Level
  E. Resource
  F. Department Level
  B. Supervisory
  D. Job Level
  E. Resource
  F. Department Level

• Question 94:

  Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)

  A. If user access should be based on career levels or earnings thresholds
  B. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
  C. if there should be a "white list" name criteria for access to the plan
  D. if plan access should be related to HR actions
  E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
  F. whether or not to restrictaccess to the plan at all
  D. if plan access should be related to HR actions
  E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
  F. whether or not to restrictaccess to the plan at all

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  Explanation/Reference:

  Reference:http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F642623AN428 3B.htm

• Question 95:

  Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)

  A. Create a relevant eligibility profile and associate it with the plan.
  B. Create user-defined criteria, and then create the eligibility profile and plan.
  C. Create a derived factor, and then create theeligibility profile and plan.
  D. Create an eligibility profile with the exclude option and associate it with the plan
  E. Use a fast formula to restrict access to the plan.
  A. Create a relevant eligibility profile and associate it with the plan.

• Question 96:

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

  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
  A. Evaluation Period Start Date
  B. Worksheet Update Period Start Date
  C. Plan Access Start Date

• Question 97:

  An Organization tracks compensation that is not stored in the Benefit Balance, Element Entry, External Data, and Payroll Balance source types. Which three statementsare true about configuring Compensation Items for a Compensation Statement? (Choose three.)

  A. Currency can be used as Context when implementing the source type for such Items.
  B. Effective Date can be used as Context when implementing the source type forsuch Items.
  C. Legislative Data Group ID can be used as Context when implementing the source type for such Items.
  D. Manager ID can be used as Context when implementing the source type for such Items.
  E. Person ID can be used as Context when implementingthe source type for such Items.
  A. Currency can be used as Context when implementing the source type for such Items.
  B. Effective Date can be used as Context when implementing the source type forsuch Items.
  C. Legislative Data Group ID can be used as Context when implementing the source type for such Items.

• Question 98:

  Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)

  A. Dates
  B. Monetary Values
  C. morethan one nonmonetary unit of measure
  D. Non Monetary Values
  E. Text
  A. Dates
  D. Non Monetary Values
  E. Text

• Question 99:

  The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this? (Choose the best answer.)

  A. Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
  B. Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.
  C. Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the "Full Back Out" option.
  D. Purge Workforce Compensation Data can be run only for compensationplans that are valid for the future.
  C. Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the "Full Back Out" option.

• Question 100:

  Which two statements are true about Base Pay? (Choose two.)

  A. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
  B. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.
  C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.
  D. You enter a salary basis for each worker that becomes the worker's Base Pay earnings.
  E. For BasePay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.
  A. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.
  C. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.

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  Explanation/Reference:

  Reference:https://docs.oracle.com/cd/E60665_01/common/FAIWC/F1443670AN12C58.ht m#F595603AN1468A

  https://docs.oracle.com/cd/E37583_01/fusionapps.1116/e20379/F720777AN425A7.htm