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

• Question 41:

  Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

  A. Components

  B. Plan Currency

  C. Plan Access

  D. Alerts

  E. Feedback Survey

  Correct Answer: ABC

  Reference:http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F606893AN435 94.htm(plan foundation)

• Question 42:

  While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers to achieve this? (Choose the best answer.)

  A. Use the Advanced Filter option in the worksheet to create a custom condition.

  B. Control the population by using eligibility profiles.

  C. Use the sort feature in the worksheet to control this.

  D. This cannot be done once the population isfinalized and the compensation cycle is started.

  Correct Answer: A

• Question 43:

  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. CompensationAnalyst

  B. Compensation Executive

  C. Compensation Specialist

  D. Compensation Manager

  Correct Answer: A

• Question 44:

  A corporation is implementing OracleFusion 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. Setup 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.

  Correct Answer: B

• Question 45:

  Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.

  How would you configure the Compensation Statement? (Choose the best answer.)

  A. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

  B. Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.

  C. Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

  D. Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respectiveCategories.

  Correct Answer: B

• Question 46:

  What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)

  A. Budgets can beseparate for each component.

  B. Budgets cannot be separate for each component.

  C. Multiple components can have a single budget.

  D. Multiple components cannot have a single budget.

  Correct Answer: AC

  If you use budgeting, you can have separate budgets for each component or link multiple components to a single budget. You can also link budgets to off-cycle compensation plans. For example, you can give a manager a single annual budget amount and draw both focal and off-cycle awards from the same budgetpool. Once you enable budgeting, you configure how data displays on the budget page, such as data display order, available menu actions, and text instructions to the managers. Also, you can copy a budget page layout from another plan.

• Question 47:

  A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

  A. Deduction ranges

  B. Deduction range group

  C. Deduction range Values

  D. Deduction overrides

  Correct Answer: A

• Question 48:

  Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the bestanswer.)

  A. Position Hierarchy

  B. Dynamic Approval Group

  C. Static Approval Group

  D. Supervisory Hierarchy

  E. Auto Approval

  Correct Answer: A

• Question 49:

  As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

  A. Monetary, Nonmonetary, Date, Text

  B. Monetary, Nonmonetary, Timestamp, Text

  C. Monetary, Timestamp, Boolean

  D. Monetary, Nonmonetary, Date, Boolean

  Correct Answer: B

  Reference:https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387366AN19E05.htm

• Question 50:

  What happens when you define Workforce Compensation Plan components but theemployees to whom the compensation change is being administered does not have any component in his or her salary? (Choose the best answer.)

  A. The sum of all components identified to be posted as salary is posted as a single salary adjustment amount to the employee's salary record.

  B. The first component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.

  C. The last component is automatically mapped to the salary andthe amount associated with this component is posted as a salary adjustment to the employee record.

  D. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that the plan components must have a direct mapping with the employee's salary components.

  Correct Answer: C