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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

Your customer wants to configure a workforce compensation plan with multiple cycles.Identify two correct statements about plan cycles. (Choose two.)

A. A plan can have multiple compensation cycles, each with unique period dates.
B. Each plan that requires a different cycle must be created manually.
C. A plan can have multiple compensation cycles, each with same period dates.
D. You can duplicate a cycleand specify the number of months to advance all dates.

Question 2

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

Question 3

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 from the Plan Access start date, which is generally prior to the Worksheet update date.
B. Active plans are always shown in read-only mode until the Worksheet update period starts.
C. Active plans are always shown in read-only mode once it is past the eligibility determination date.
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 4

After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation.
The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)

A. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
C. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
D. Use the Edit button in the Employee's included area while creating a model to exclude the employee.

Question 5

You are responsible forconfiguring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

A. You can associate each option with the same payroll element and input value.
B. You can associate each payroll element with only one plan and option.
C. You can associate each payroll element with multiple plans and options.
D. You can associate each option with only one payroll element and input value.
E. You can associate each payroll element with one option but with multiple plans.

Solutions: