Oracle Workforce Rewards Cloud 1Z0-1049-22 Questions & Answers

• Question 21:

  Your customer has employees located in four countries (Unites States, Japan, India, and Germany) and eachcountry has a specific salary range. How would you configure the salary bases? (Choose the best answer.)

  A. Create one salary basis and four different grade rates, and attach the grade rate to the salary basis at the employee level.

  B. Create four salarybases and one grade rate, and define different ranges for the same grade rate while attaching the grade rate to the salary bases.

  C. Create four salary bases and four grade rates, and attach the grade rates to the salary bases.

  D. Create one salary basis and one grade rate, and define different ranges for the salary basis at the employee level.

  Correct Answer: C

• Question 22:

  While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

  A. Budgeting

  B. Summary

  C. Detail table

  D. Worker List

  E. Actions

  F. Comments

  G. Information

  Correct Answer: ABCDE

• Question 23:

  During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)

  A. In Approvals

  B. Processed

  C. Fully Approved

  D. Submitted

  E. Work in Progress

  Correct Answer: D

• Question 24:

  A corporation is implementing Oracle Fusion Workforce Compensationand 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 specialistrespectively. 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 ascomponents 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.

  Correct Answer: D

• Question 25:

  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.

  Correct Answer: C

• Question 26:

  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

  Correct Answer: BDEF

• Question 27:

  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.

  Correct Answer: AC

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

• Question 28:

  Which five tasks can be performed by a compensation manager? (Choose five.)

  A. Allocate compensation.

  B. Promote and rate worker performance while allocating compensation.

  C. Determine compensationamounts offline by downloading details to a spreadsheet.

  D. Review and approve work of Superior Manager.

  E. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.

  F. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

  Correct Answer: ABCEF

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387083AN108D9.htm #F390541AN1090B

• Question 29:

  A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.

  Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

  A. Compensation history displays six categories of compensation.

  B. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

  C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

  D. The summary in the compensation history shows the data for only five years.

  Correct Answer: BCD

• Question 30:

  You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.

  What will your answer in this situation be? (Choose the best answer.)

  A. Changing the welcome message is not possible.

  B. Edit the "Do not display Welcome message" option in "Statement Definition."

  C. Edit the "Do not display Welcome message" option in "Compensation Item."

  D. Edit the "Do not display Welcome message" option in "Compensation Category."

  Correct Answer: B

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm (creating a statement definition)