Unique Top-selling 1z0-1049-20 Exams - New 2022 Oracle Pratice Exam
Workforce Rewards Cloud Dumps 1z0-1049-20 Exam for Full Questions - Exam Study Guide
Oracle 1z0-1049-20 Exam Syllabus Topics:
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NEW QUESTION 64
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. Start manual changes in each worker's total compensation statement.
- B. Ignore any corrective action.
- C. Educate the workers that corrections are not possible after the total compensation statements have been generated.
- D. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
Answer: D
NEW QUESTION 65
Your customer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* 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
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
- A. The salary adjustment or lumpsum must be manually calculated and added for such workers.
- B. Terminated workers should be excluded from being processed in Workforce Compensation plans.
- C. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
- D. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
- E. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
Answer: E
NEW QUESTION 66
While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be true in this case? (Choose three.)
- A. Lower-level managers can no longer make any updates to their worksheets.
- B. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
- C. The worksheet goes to next level for approval.
- D. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
- E. The lower-level manager's access level is changed to "Approved."
Answer: B,C,E
NEW QUESTION 67
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. Plan Eligibility
- B. Action and Action Reasons
- C. Salary Component
- D. Budget Pools
- E. Plan Access
Answer: C
NEW QUESTION 68
A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in the Compensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)
- A. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
- B. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.
- C. For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
- D. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
Answer: D
NEW QUESTION 69
Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)
- A. Monetary Values
- B. Text
- C. Dates
- D. Non Monetary Values
- E. more than one nonmonetary unit of measure
Answer: B,C,D
NEW QUESTION 70
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. Enable Currency Switching.
- C. Set the preferred currency in the worksheet.
- D. Display the corporate currency.
Answer: B
NEW QUESTION 71
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 added to a compensation category to include them in statements.
- 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 the foundation upon which the Compensation Statement is built.
Answer: A,E
NEW QUESTION 72
As compensation administrator, you are required to show "Actual amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created? (Choose the best answer.)
- A. Compensation Item
- B. Compensation Statement Definition
- C. Compensation Category
- D. Compensation Source
Answer: D
NEW QUESTION 73
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which four options regarding compensation modeling are correct? (Choose four.)
- A. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- B. Managers can use a model created by compensation professionals.
- C. Managers cannot share a model created by them.
- D. A model can be shared with the direct reports of the creator.
- E. Access of a model is limited only to the creator of the model.
- F. Managers can create their own models and use them.
Answer: A,B,D,F
NEW QUESTION 74
What additional action would you recommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)
- A. Manage Worker Contributions
- B. Manage Variable Allocations
- C. Manage Individual Contribution
- D. Allocate Workforce Compensation
- E. Manage Contributions
Answer: D
NEW QUESTION 75
As an implementation consultant, you want to override the currency on the item definition. The United States Dollar currency is currently specified on it. This needs to be overridden to the Indian Rupee. What are the two approaches that you should use to override the currency of the compensation item from the United States Dollar to the Indian Rupee? (Choose two.)
- A. Define the source type as Benefit Balance, which has currency specified in the Indian Rupee.
- B. Define a Compensation Statement Definition that includes the item and has currency defined as the Indian Rupee.
- C. Define a Category that includes the item and has currency defined as the Indian Rupee.
- D. Define a formula that retrieves compensation and specifies currency as the Indian Rupee.
Answer: A
NEW QUESTION 76
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 same period dates.
- B. You can duplicate a cycle and specify the number of months to advance all dates.
- C. A plan can have multiple compensation cycles, each with unique period dates.
- D. Each plan that requires a different cycle must be created manually.
Answer: B,C
NEW QUESTION 77
Which three statements are true about individual compensation plans? (Choose three.)
- A. Individual compensation plans are necessary for payment of items such as spot bonus.
- B. 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.
- C. Individual compensation plans are not 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. 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.
Answer: A,B,D
NEW QUESTION 78
You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)
- A. Edit the "Do not display Welcome message" option in "Compensation Item."
- B. Edit the "Do not display Welcome message" option in "Statement Definition."
- C. Changing the welcome message is not possible.
- D. Edit the "Do not display Welcome message" option in "Compensation Category."
Answer: B
NEW QUESTION 79
As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)
- A. The statement definition acts as a template and determines the layout and content of the generated statement.
- B. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
- C. Compensation items with sources belonging to different legal employers cannot be added.
- D. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
- E. The statement definition consists of compensation items added to compensation categories.
- F. Edits to compensation categories affect all statement definitions that use that category.
Answer: A,D,E
NEW QUESTION 80
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)
- A. Monetary, Nonmonetary, Date, Text
- B. Monetary, Timestamp, Boolean
- C. Monetary, Nonmonetary, Timestamp, Text
- D. Monetary, Nonmonetary, Date, Boolean
Answer: C
NEW QUESTION 81
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. The filtered population
- D. Direct Reports
- E. Entire organization's population under that manager
Answer: B
NEW QUESTION 82
While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
What could have been the possible reasons for this? (Choose the best answer.)
- A. Network connectivity issue may have hindered your data being sent to the server.
- B. You may have forgotten to save the changes made.
- C. You do not have the privileges to change Stock Details.
- D. Another administrator might have accessed these settings after you have saved it.
Answer: D
NEW QUESTION 83
Identify four correct history categories when setting up compensation history. (Choose four.)
- A. Recruiting Payments
- B. Payroll Elements
- C. Stock
- D. Salary
- E. Non-Recruiting Payments
- F. Other Compensation
Answer: A,C,E,F
Explanation:
Explanation
The Compensation History summary table displays four categories of compensation: Base Pay, Other Compensation (one-time payments), Stock, and Recurring Payments. Compensation history automatically displays base pay and stock grants. You must add additional recurring nonbase pay and one-time compensation to history.
NEW QUESTION 84
Which four options are valid refresh options for the Refresh Data process? (Choose four.)
- A. Refresh Manager Hierarchy
- B. Refresh Base and Eligible Salary
- C. Refresh HR Data
- D. Refresh Plan Access
- E. Refresh Plan Currency
- F. Reevaluate Eligibility
- G. Refresh summary totals
Answer: A,C,F,G
NEW QUESTION 85
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