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Updated Exam 1Z0-1049-21 Dumps with New Questions
NEW QUESTION 19
Identify four correcthistory categories when setting up compensation history. (Choose four.)
- A. Stock
- B. Salary
- C. Other Compensation
- D. Recruiting Payments
- E. Payroll Elements
- F. Non-Recruiting Payments
Answer: A,C,D,F
Explanation:
Explanation
The Compensation History summary tabledisplays four categories of compensation: Base Pay, Other Compensation (one-time payments), Stock, and Recurring Payments. Compensation history automatically displays base pay and stock grants. You must add additional recurring nonbase pay and one-time compensation to history.
NEW QUESTION 20
You client has a requirement that allows a salary adjustment based on the numberof dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called
"Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
- A. It is not possible to achieve this, because only the delivered salary components can be used.
- B. The Compensation Models
- C. The Configure Compensation Component task in Manage plans
- D. The Salary Component Lookup
Answer: D
NEW QUESTION 21
A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)
- A. Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
- B. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
- C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
- D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
Answer: B
NEW QUESTION 22
The compensation manager wants to run the batch process to start thecompensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
- A. It backs out unrestricted events for participants.
- B. It removes unneeded transaction data from prior plan cycles.
- C. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
- D. It backs out started and processed events for participants.
Answer: C
NEW QUESTION 23
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, Timestamp, Boolean
- B. Monetary, Nonmonetary, Timestamp, Text
- C. Monetary, Nonmonetary, Date, Text
- D. Monetary, Nonmonetary, Date,Boolean
Answer: B
NEW QUESTION 24
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 Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- B. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
- C. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
- D. Define a Category that includes the item and has currency defined as the IndianRupee.
Answer: B
NEW QUESTION 25
What are two attributes of primary element classifications? (Choose two.)
- A. They arepredefined.
- B. They are not editable.
- C. They are editable.
- D. They are globally applicable.
- E. They are user defined.
Answer: B,E
NEW QUESTION 26
Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)
- A. If the salary start date is after the current date (that is, it is a future-dated salary record), theFTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
- B. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
- C. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
- D. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary andAnnual FT Salary are calculated by using that value.
- E. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
Answer: C
NEW QUESTION 27
A corporation is implementing Oracle Fusion Workforce Compensation and needs toset 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. The summary in the compensation history shows the data for only five years.
- C. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
- D. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
Answer: B,C,D
NEW QUESTION 28
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up Calculation Factors for the deduction elements setup.
Which two statements are correct regardingthe Calculation Factors? (Choose two.)
- A. Calculation Factors indicate which deduction range to use when calculating the deduction amount.
- B. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
- C. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
- D. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
Answer: A,B
NEW QUESTION 29
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. Workers in the UK need to refresh their statements in order to see the updated display name.
- B. The Compensation Category display name is specific to a Statement Definition.
- C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
- 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.
Answer: D
NEW QUESTION 30
While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)
- A. Budgeting
- B. Worker List
- C. Comments
- D. Summary
- E. Actions
- F. Information
- G. Detail table
Answer: A,B,D,E,G
NEW QUESTION 31
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. Edit the "Do not display Welcome message" option in "Compensation Category."
- 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. Changing the welcome message is not possible.
Answer: B
NEW QUESTION 32
An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)
- A. HR Specialist
- B. Line Manager
- C. Compensation Manager
- D. Expenses Manager
Answer: A,B,C
NEW QUESTION 33
As an implementation consultant, you are required to create an element that is applicable only to a set of employees who are in the Production department and who are on weekly payrolls.
What is the correct configuration to meet this requirement? (Choose the best answer.)
- A. Create Element Eligibility with the department and specific payroll parameters.
- B. Create an element without defining Element Eligibility.
- C. Create Element Eligibility with the Legal Employer and Payroll Statutory Unit parameters.
- D. Create Element Eligibility with the Grade and Position parameters.
Answer: C
NEW QUESTION 34
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hocpayments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
- A. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
- B. You cannot define multiple eligibility criteria for each element in any case.
- C. You candefine multiple eligibility criteria for each element, but there must not be any overlap between them.
- D. Some element eligibility criteria may not be available, depending onthe level at which the element is attached.
Answer: B,C
Explanation:
Explanation
You can define more than one eligibility criteria for each element but there must be no overlap between them.
For example, you could create one criteria for the combination of grade A and the job Accountant. However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, youcan enter different default values, qualifying conditions, and costing information for each eligibility group.
NEW QUESTION 35
Identify the four components that can be included in a fast formula. (Choose four.)
- A. Assignment statements
- B. Comments
- C. Input statement
- D. Output statement
- E. Conditions
- F. Symbolic variables
Answer: A,B,C,E
NEW QUESTION 36
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