Oracle Compensation Cloud 2019 Implementation Essentials (1Z1-1049) Free Practice Test

Question 1

A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)

A. A sub-classification name cannot be reused under a different primary classification.

B. Once a sub-classification is associated with a classification, it cannot be associated with another classification.

C. Elements can have only one sub-classification.

D. Sub-classifications provide a way to feed elements.

Correct Answer: B

Question 2

A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements?
(Choose four.)

A. References for calculation factors

B. Flat amount

C. Balance feeds

D. Wage basis rules

E. Elements

F. Deduction group

G. Input values

Correct Answer: A,D,E,F

Question 3

How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

A. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.

B. Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.

C. Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.

D. Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.

Correct Answer: B

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 cannot hide regions for graphs or descriptions at the statement definition setup level.

B. You cannot include and hide the welcome message at the statement definition setup level.

C. You can hide table columns.

D. You can hide or show the estimated amount indicator at the category setup level.

E. You cannot exclude a category from the statement summary at the category setup level.

F. You can configure display of zero values.

Correct Answer: A,D,F

Question 5

When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)

A. Accept

B. Reject

C. Reply

D. Dismiss

Correct Answer: C

Question 6

Your customer is planning to configure an Individual Compensation Company Car Plan to include only the Sales department employees. The customer also wants to restrict luxury model vehicles to executive positions.
Which three statements are true about accomplishing this? (Choose three.)

A. Create an eligibility profile to include only the Sales department and attach it to Company Car Plan.

B. You can attach eligibility profiles with Plan, Option, or both.

C. Create an eligibility profile to include the executive positions and attach it to the Luxury models option.

D. Create an eligibility profile to include the Sales department and the executive positions and attach it to Company Car Plan and the Luxury models option.

E. Create an eligibility profile to include executive positions and attach it to Company Car Plan.

F. You cannot achieve this because you cannot attach eligibility profiles with Plan and Option.

Correct Answer: A,D,E

Question 7

The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)

A. Start Workforce Compensation Cycle

B. Back Out Workforce Compensation Data

C. Evaluate Workforce Compensation Participation

D. Refresh Workforce Compensation Data

E. Adjust Workforce Compensation Enrollment Window

F. Transfer Workforce Compensation Data to HR

Correct Answer: A,B,D,F

Question 8

A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A. The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.

B. Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.

C. The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum of all the components of the salary basis multiplied by 12.

D. For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.

Correct Answer: C

Question 9

ESTION NO: 175
Your Workforce Compensation Plan has the following Plan Cycle setup:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* Worksheet Update Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Nov-2014
* Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, the Marketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes are included in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)

A. Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.

B. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.

C. Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including the recent transfers and other employment changes.

D. Run the Back Out Workforce Compensation Data process with the "Full back out" option.

Correct Answer: C

Question 10

A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level? (Choose the best answer.)

A. From the Bank account level

B. From the Organization payment level, because the compensation is finally paid through this

C. From the input value of the payroll element

D. From the Legislative Data Group level, because that is the highest level in the hierarchy.

Correct Answer: D

Question 11

Which two tasks are performed by compensation managers while determining budgets? (Choose two.)

A. With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.

B. Determine budget amounts offline by downloading budget details to a spreadsheet.

C. Manually calculate budget amounts or automatically determine budget amounts by using a model.

D. Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.

Correct Answer: A,D

Question 12

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 to take 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 and HR can discontinue allocations on a request basis.

D. All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.

Correct Answer: D

Question 13

While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)

A. Compensation Items

B. Contribution Type and Unit of Measure

C. Category Detail

D. Category Type

E. Statement definitions

F. Level of detail

Correct Answer: B,D,F

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Question 14

An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.
Which two statements are true when configuring the items? (Choose two.)

A. Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

B. Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

C. Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

D. Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

Correct Answer: C,D

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Oracle Compensation Cloud 2019 Implementation Essentials (1Z1-1049) Free Practice Test