Latest Oracle 1Z1-1049 Actual Free Exam Questions & Community Discussion, Page 1

Question #1

What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

A. It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.

B. It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.

C. It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.

D. It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.

Discussion 0

Correct Answer: A Vote an answer

Question #2

Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

A. Create three Compensation Categories: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective Elements with the respective Categories.

B. Create three Compensation Items: Joining Bonus, Ad-hoc bonus, and Annual Bonus. Specify the source type as Element Entry and associate the respective elements with the respective Items.

C. Create one Compensation Category as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Category.

D. Create one Compensation Item as Bonus and specify the source type as Element Entry. Associate the three elements with the Compensation Item.

Discussion 0

Correct Answer: B Vote an answer

Question #3

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. by using steps and rate values

D. by using Min, Max, and Mid Point rate values

Discussion 0

Correct Answer: D Vote an answer

Question #4

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 #5

Which two statements are true about Base Pay? (Choose two.)

A. For Base Pay earnings elements, eligibility is determined by the deduction basis that is assigned to the worker.

B. You enter a salary basis for each worker that becomes the worker's Base Pay earnings.

C. You attach elements at various levels in the Salary object hierarchy to create deductions and earnings that can be processed in a payroll run to calculate Base Pay.

D. You attach a single earnings element to each salary basis to hold Base Pay earnings, and assign a salary basis to each worker to calculate Base Pay.

E. For Base Pay earnings elements, eligibility is determined by the salary basis that is assigned to the worker.

Discussion 0

Correct Answer: D,E Vote an answer

Question #6

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 #7

Identify the three correct statements for an alternate approver hierarchy. (Choose three.)

A. The alternate approver must be a part of the regular plan hierarchy.

B. You can create multiple approvers for the same manager.

C. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.

D. The highest Approval sequence is the final approver.

Discussion 0

Correct Answer: B,C,D Vote an answer

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Question #8

Which four tasks are part of Worksheet Configuration Options? (Choose four.)

A. Components

B. Compensation change statements

C. Plan cycles

D. Models

E. Performance ratings

F. Alerts

Discussion 0

Correct Answer: A,B,E,F Vote an answer

Question #9

Identify four correct history categories when setting up compensation history. (Choose four.)

A. Stock

B. Other Compensation

C. Recruiting Payments

D. Non-Recruiting Payments

E. Salary

F. Payroll Elements

Discussion 0

Correct Answer: A,B,C,D Vote an answer

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Question #10

Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under one global compensation plan. However, the managers in each country want to administer compensation in their country's respective currency. How would you enable this feature? (Choose the best answer.)

A. Use fast formula to display the employee currency using conversion rates.

B. Display the corporate currency.

C. Enable Currency Switching.

D. Set the preferred currency in the worksheet.

Discussion 0

Correct Answer: C Vote an answer

Question #11

Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)

A. Any payroll element can be added and all other details are auto-populated excluding the history category.

B. Any payroll element can be added and all other details are auto-populated including the history category.

C. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.

D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.

Discussion 0

Correct Answer: C Vote an answer

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