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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Plans and Cycles | - Plan Design and Eligibility Rules - Cycle Setup and Administration |
| Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
| Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Implementation and Maintenance | - System Maintenance and Updates - Deployment Considerations |
| Approvals and Security | - Approval Workflow Configuration - Role-Based Access Control |
| Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Worksheet Management | - Manager and Employee Interaction - Worksheet Configuration and Fields |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)
- A. The base rate shown in the salary section is the average of the pay rate for the entire year.
- B. The base rate shown in the salary section is the most recent pay rate.
- C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
- D. The base rate shown in the previous years is the pay rate on 31 December of each year.
Correct Answer: B,C,D 🗳️
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharingbonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)
- A. The above scenario does not stand true as the item can be deleted.
- B. More than one administrator might be using the item and, therefore, it cannot be deleted.
- C. The item cannot be deleted,because it is attached to a category.
- D. Before deleting the item, you must configure a zerovalue behavior for the item.
Correct Answer: B 🗳️
The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)
- A. Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
- B. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
- C. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
- D. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
- E. Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
Correct Answer: C 🗳️
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Comments
- B. Symbolic variables
- C. Input statement
- D. Output statement
- E. Conditions
- F. Assignment statements
Correct Answer: A,C,E,F 🗳️
An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process ofconfiguring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)
- A. The Compensation Category display name is specific to a Statement Definition.
- B. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
- C. Workers in the UK need to refresh their statements in order to see the updated display name.
- D. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
Correct Answer: D 🗳️
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