Oracle 1Z0-1049-23 Exam - Free questions
Oracle Compensation Cloud 2023 Implementation Professional
1Z0-1049-23 Free questions:
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Question No. 1) Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)
Question No. 2) You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)
A) Only within the current compensation plan and all cycles associated with it
B) Only within the current compensation plan and the current cycle
C) To the current compensation plan and the Performance Management system
D) To the current compensation plan and HR system
Question No. 3) As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)
A) Element Entry
B) Benefit Balance
D) Payroll Balance
E) Deduction Range
F) Input Value
Question No. 4) As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items? (Choose two.)
A) Compensation items are the foundation upon which the Compensation Statement is built.
B) Compensation items cannot be used across statement definitions.
C) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
D) Compensation items can be added to statement definitions directly.
E) Compensation items are added to a compensation category to include them in statements.
Question No. 5) Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October 2014. The employee record set up in the plan setting is “Employment terms,” while the Legal Employer of Employee X uses a two-tier model. On which manager’s worksheet does Employee X appear? (Choose the best answer.)
A) Manager Y, because this is the original manager of Employee X.
B) Manager Z, because this is the current manager to whom Employee X is reporting.
C) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
D) Employee X does not appear on any manager’s sheet, because he will not be evaluated by the compensation plan.
Question No. 6) The compensation administrator wants to run Purge Workforce Compensation Data for one of the past compensation plans because the transaction data from that period is not required anymore. However, the compensation administrator does not get the option to include the said plan. What is the reason for this? (Choose the best answer.)
A) Purge Workforce Compensation Data cannot be run because the Transfer Workforce Compensation Data to HR process has already been run and compensation data transferred to HR.
B) Purge Workforce Compensation Data can be run only for compensation plans with Inactive status.
C) Purge Workforce Compensation Data can be run only after Back Out Workforce Compensation Data is run with the “Full Back Out” option.
D) Purge Workforce Compensation Data can be run only for compensation plans that are valid for the future.
Question No. 7) During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
A) In Approvals
C) Fully Approved
E) Work in Progress
Question No. 8) A corporation is implementing Oracle Fusion Workforce Compensation and has set up an individual compensation plan for a contribution. This contribution has to be approved by the four members in parallel. Identify the correct option regarding parallel approvals. (Choose the best answer.)
A) Parallel approvals are not fully supported, but notifications can be sent to all members in parallel using the list builder resource option and configuring Application Role. However, the first person who claims the notification can approve it, and this ends the process and the other members lose control over the approval of the notification.
B) Parallel approvals are supported by configuring the Application role option in the Resource list builder. Only after all the approvers approve will the process end.
C) Parallel approvals are supported and can be configured using Static approval groups. Only after all the approvers approve will the process end.
D) A parallel approval option is not available and any approval configured is always sequential.
Question No. 9) As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)
A) Statement Definition Name
B) Statement Period
C) Legal Employer
D) Compensation Category
Question No. 10) Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case? (Choose the best answer.)
A) Employment-criteria-based eligibility profile
B) User-defined-criteria-based eligibility profile
C) Derived-factor-based eligibility profile
D) Fast-formula-based eligibility profile
Question No. 11) As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it. Which statement is true for the given scenario? (Choose the best answer.)
A) The item cannot be deleted, because it is attached to a category.
B) The above scenario does not stand true as the item can be deleted.
C) More than one administrator might be using the item and, therefore, it cannot be deleted.
D) Before deleting the item, you must configure a zero value behavior for the item.
Question No. 12) A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees: ? Salary paid based on the grades of employees. ? Car allowance paid based on the department and position. ? Spot bonus paid based on a committee’s decision. Identify the correct option for the setup. (Choose the best answer.)
A) Set up a salary basis for “Salary” and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
B) Set up a salary basis for “Salary” and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
C) Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
D) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
Question No. 13) While working on a budget sheet or a compensation worksheet, a manager chooses to use the “Export to Excel workbook” option to do his or her work. Which four of the following steps would he or she need to perform upon clicking the “Export to Excel workbook” option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)
A) Download and authenticate workbooks.
B) Edit the workbook data.
C) Filter the edits and upload only the edited fields.
D) Resolve errors created by the uploaded file.
E) Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
F) Repeat the steps as many times as necessary to accommodate the revisions.
Question No. 14) The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
A) It backs out started and processed 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 unrestricted events for participants.
Question No. 15) A corporation has generated total compensation statements and all workers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements. Which corrective action will you take? (Choose the best answer.)
A) Educate the workers that corrections are not possible after the total compensation statements have been generated.
B) Ignore any corrective action.
C) Edit “Statement Definition,” make the required corrections, and regenerate the total compensation statements as a newer version.
D) Start manual changes in each worker’s total compensation statement.
Question No. 16) As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application. Which option is the correct method to do so? (Choose the best answer.)
A) Manage Stock Grants >> Import Items
B) Manage Stock Grants >> Import Category
C) Manage Stock Grants >> Import Source
D) Manage Stock Grants >> Prepare Import Spreadsheet
Question No. 17) While configuring the Budget page, you enable the “Compensation Performance Rating” column from which section? (Choose the best answer.)
B) Detail table
C) Worker List
Question No. 18) A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items. How will you configure this requirement in the Fusion application? (Choose the best answer.)
A) Attach performance bonuses to similar compensation items.
B) Attach performance bonuses to similar compensation categories/subcategories.
C) Attach performance bonuses to similar elements.
D) Attach performance bonuses to similar sources.
Question No. 19) Which statement is correct about secondary element classifications? (Choose the best answer.)
A) They are user-defined and can be edited.
B) They are user-defined and cannot be edited.
C) They are predefined and can be edited.
D) They are predefined and cannot be edited.
Question No. 20) Your customer wants to limit contributions to a particular individual compensation plan to workers with at least a year of service. How should you accomplish this? (Choose the best answer.)
A) Create a relevant eligibility profile and associate it with the plan.
B) Create user-defined criteria, and then create the eligibility profile and plan.
C) Create a derived factor, and then create the eligibility profile and plan.
D) Create an eligibility profile with the exclude option and associate it with the plan
E) Use a fast formula to restrict access to the plan.
Question No. 21) 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) Formula will require you to specify the Legislative Data Group as the Additional Data Entry.
D) Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.
Question No. 22) 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 mode. read-only What could be the possible reason for this? (Choose the best answer.)
A) Active plans are always shown in read-only mode until the Worksheet update period starts.
B) Active plans are always shown in read-only mode form the Evaluation period start date, which is always prior to the Worksheet update date.
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 from the Plan Access start date, which is generally prior to the Worksheet update date.
Question No. 23) Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
A) by associating the Grade Ladders with legal entities
B) by using LDG-specific Grade Min, Max, and Mid Point rate values
C) busing Min, Max, and Mid Point rate values
D) by using steps and rate values
Question No. 24) Which three statements are true about individual compensation plans? (Choose three.)
A) A user’s ability to access or make updates to awards in individual compensation plans may be restricted by the user’s association to a Legislative Data Group.
B) Individual compensation plans are not necessary for payment of items such as spot bonus.
C) Individual compensation plans are necessary for payment of items such as spot bonus.
D) Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
E) Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
Question No. 25) When a manager clicks the “Prepare in workbook” option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
A) Budget sheet population
B) Worksheet population
C) Entire organization’s population under that manager
D) Direct Reports
E) The filtered population