Oracle Compensation Cloud 2021 Implementation Essentials: 1Z0-1049-21 Exam Premium File as PDF & Test Engine

As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency iscurrently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)

• A. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
• B. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
• C. Define a Category that includes the item and has currency defined as the IndianRupee.
• D. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.

Your client wants you to create a single Compensation Change statement that includes compensation awarded formultiple plans. What would you, as an implementation consultant, advise your client? (Choose the best answer.)

• A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
• B. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.
• C. Create a custom data model that can pullcompensation awarded from different plans and display the data using a BI publisher layout.
• D. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

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

You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

• A. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
• B. The task applies to selected allocations, usestwo levels of the Supervisory list builder, and requires a response from the current approver.
• C. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
• D. The task is only for notification and has no rules.