Oracle 1Z0-1049-21 : Oracle Compensation Cloud 2021 Implementation Essentials

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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. 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.
B. The plan setup is always for HR totake 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.
C. The contribution will be automatically added to all the employees in the payroll andHR can discontinue allocations on a request basis.
D. All Employees will be able to start the contribution anytime, update never, butdiscontinue during the period defined.

Question 2

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 once it is past the eligibility determination date.
B. Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.
C. Active plans are always shown in read-only mode until the Worksheet update period starts.
D. 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 3

As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
B. The statement definition consists of compensation items added to compensation categories.
C. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
D. The statement definition acts as a template and determines the layout and content of the generated statement.
E. Edits to compensation categories affect all statement definitions that use that category.
F. Compensation items with sources belonging to different legal employers cannot be added.

Question 4

As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)

A. You can configure display of zero values.
B. You can hide or show the estimated amount indicator at the category setup level.
C. You can hide table columns.
D. You cannot exclude a category from the statement summary at the category setup level.
E. You cannot include and hide the welcome message at the statement definition setuplevel.
F. You cannot hide regions for graphs or descriptions at the statement definition setup level.

Question 5

While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)

A. Actions
B. Worker List
C. Detail table
D. Summary
E. Information

Solutions: