Latest Oracle 1Z0-1049 Actual Free Exam Questions & Community Discussion, Page 1

Question #1

A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)

A. The base rate shown in the salary section is the average of the pay rate for the entire year.

B. The base rate shown in the salary section is the most recent pay rate.

C. The growth rate shown in the details shows both cumulative and average annual salary growth rates.

D. The base rate shown in the previous years is the pay rate on 31 December of each year.

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #2

A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)

A. Manage Personal Deductions

B. Manage Legal Entity Deduction Records

C. Manage Legal Reporting Unit Deduction Records

D. Manage Payroll Deductions

Discussion 0

Correct Answer: C Vote an answer

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Question #3

What is the relationship between Net Pay and Earnings? (Choose the best answer.)

A. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.

B. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.

C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.

D. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.

Discussion 0

Correct Answer: A Vote an answer

Question #4

As an implementation consultant, you have created compensation items for the total compensation statement but have not attached them to compensation categories.
In this situation, which statement is correct? (Choose the best answer.)

A. You cannot add items to statement definitions directly, and you cannot add items to a compensation category.

B. To include items in statements you must add items to a compensation category.

C. You can add items to statement definitions directly.

D. You can add items to statement definitions directly, and to include items in statements you must add items to a compensation category.

Discussion 0

Correct Answer: B Vote an answer

Question #5

Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
* Working hours = 32 hours per week
* Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the best answer.)

A. Annual Salary = 41600, Annualization Salary = 41600

B. Annual Salary = 32280, Annualization Salary = 52000

C. Annual Salary = 32280, Annualization Salary = 41600

D. Annual Salary = 52000, Annualization Salary = 41600

Discussion 0

Correct Answer: A Vote an answer

Question #6

Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)

A. Partially approved

B. Fully Approved

C. Closed

D. Processed

E. Unprocessed

F. Started

G. Budget Available

H. Submitted

Discussion 0

Correct Answer: B,D,G,H Vote an answer

Question #7

While configuring the Budget page, you enable the "Compensation Performance Rating" column from which section? (Choose the best answer.)

A. Actions

B. Information

C. Detail table

D. Worker List

E. Summary

Discussion 0

Correct Answer: C Vote an answer

Question #8

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 Grade and Position 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 department and specific payroll parameters.

Discussion 0

Correct Answer: C Vote an answer

Question #9

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 regarding the Calculation Factors? (Choose two.)

A. Calculation Factors indicate which deduction range to use when calculating the deduction amount.

B. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.

C. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.

D. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.

Discussion 0

Correct Answer: A,C Vote an answer

Question #10

Your customer's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs there. Which feature of Oracle Fusion Workforce Compensation can be used to achieve this? (Choose the best answer.)

A. Salary Component

B. Plan Eligibility

C. Action and Action Reasons

D. Budget Pools

E. Plan Access

Discussion 0

Correct Answer: A Vote an answer

Question #11

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 Edit button in the Employee's included area while creating a model to exclude the employee.

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 Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

Discussion 0

Correct Answer: B Vote an answer

Question #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 on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

B. 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.

C. 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.

D. 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.

Discussion 0

Correct Answer: C Vote an answer

Question #13

Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)

A. the conversion rate date for currency conversions

B. the date when bonus is awarded to workers

C. the date that statements become available to workers

D. the date when merit increases are awarded to workers

E. an optional welcome message

Discussion 0

Correct Answer: B,C,E Vote an answer

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