[Feb 11, 2022] 1z0-1049-20 Dumps Full Questions - Exam Study Guide
Workforce Rewards Cloud Free Certification Exam Material from DumpsTorrent with 180 Questions
Oracle 1z0-1049-20 Exam Syllabus Topics:
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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
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. Derived-factor-based eligibility profile
- B. Fast-formula-based eligibility profile
- C. Employment-criteria-based eligibility profile
- D. User-defined-criteria-based eligibility profile
Answer: D
NEW QUESTION 67
When upper-level managers change the plan access of one or more lower-level managers, they receive a notification informing them about the change in access. Which option do they receive to act on the notification? (Choose the best answer.)
- A. Reply
- B. Accept
- C. Reject
- D. Dismiss
Answer: A
NEW QUESTION 68
You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)
- A. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
- B. Create an alternate position approval hierarchy that overrides the plan hierarchy.
- C. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
- D. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
Answer: B
NEW QUESTION 69
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 70
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)
- A. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- B. Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
- C. Set up a salary basis and restrict the eligibility to the required roles.
- D. Set up role-based security to the individual compensation work area so that only managers are allowed.
Answer: A
NEW QUESTION 71
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
- A. Use a model to distribute budgets.
- B. Publish budgets automatically by running the Build Model process.
- C. Publish budgets manually.
- D. Copy budget amounts from a previous cycle.
Answer: A,C
NEW QUESTION 72
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 73
Identify the delivered workflow task for variable allocation approvals that has no rules. (Choose the best answer.)
- A. VariableContributionTask
- B. VariableAllocationFYITask
- C. VariableAllocationTask
- D. VariableApprovalTask
- E. VariableApprovalFYITask
Answer: E
Explanation:
Explanation
None of the FYI approval workflow tasks have rules. The non-FYI workflow tasks are configured such that if the rule applies, then the notification is routed using the Supervisory list builder and response is required.
NEW QUESTION 74
The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)
- A. Evaluate Workforce Compensation Participation
- B. Adjust Workforce Compensation Enrollment Window
- C. Refresh Workforce Compensation Data
- D. Transfer Workforce Compensation Data to HR
- E. Start Workforce Compensation Cycle
- F. Back Out Workforce Compensation Data
Answer: C,D,E,F
NEW QUESTION 75
What happens when you define Workforce Compensation Plan components but the employees to whom the compensation change is being administered does not have any component in his or her salary? (Choose the best answer.)
- A. The last component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.
- B. The first component is automatically mapped to the salary and the amount associated with this component is posted as a salary adjustment to the employee record.
- C. The sum of all components identified to be posted as salary is posted as a single salary adjustment amount to the employee's salary record.
- D. The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that the plan components must have a direct mapping with the employee's salary components.
Answer: A
NEW QUESTION 76
An employee of a corporation is on a weekly payroll with an hourly rate of 20 USD. Identify the correct option for the frequency shown in the base rate of compensation history. (Choose the best answer.)
- A. weekly, because the employee is on a weekly payroll
- B. the frequency of the employee's salary basis
- C. hourly, because the employee has hourly pay
- D. annually, because the history must always be shown with annual amounts
Answer: A
NEW QUESTION 77
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process. (Choose the best answer.)
- A. Line Manager
- B. Compensation Administrator
- C. HR Specialist
- D. Compensation Manager
Answer: A
NEW QUESTION 78
Which three dates are mandatory while creating plan cycles? (Choose three.)
- A. Evaluation Period Start Date
- B. Performance Rating Date
- C. HR Data Extraction Date
- D. Plan Access Start Date
- E. Default Due Date
- F. Worksheet Update Period Start Date
Answer: A,D,F
NEW QUESTION 79
What classification can you use if employees submit timecards and you want absences taken by these employees to show on the statement of earnings? (Choose the best answer.)
- A. Standard Earnings Classification
- B. Either Standard Earnings or Absence Classification
- C. Information Classification
- D. Any classification will result in the absences showing
- E. Either Absence or Information Classification
- F. Absence Classification
Answer: A
NEW QUESTION 80
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
- A. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
- B. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
- C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
- D. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
- E. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
Answer: A,B,D,E
NEW QUESTION 81
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 82
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 83
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 elements.
- B. Attach performance bonuses to similar compensation categories/subcategories.
- C. Attach performance bonuses to similar sources.
- D. Attach performance bonuses to similar compensation items.
Answer: B
NEW QUESTION 84
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 supported by configuring the Application role option in the Resource list builder.
Only after all the approvers approve will the process end. - B. 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.
- C. A parallel approval option is not available and any approval configured is always sequential.
- D. Parallel approvals are supported and can be configured using Static approval groups. Only after all the approvers approve will the process end.
Answer: D
NEW QUESTION 85
A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)
- A. Supervisory
- B. Position
- C. Job Level
- D. Resource
- E. Department Level
- F. Management Chain
Answer: A,C,D,E
NEW QUESTION 86
Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)
- A. if plan access should be related to HR actions
- B. If user access should be based on career levels or earnings thresholds
- C. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
- D. whether or not to restrict access to the plan at all
- E. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
- F. if there should be a "white list" name criteria for access to the plan
Answer: A,C,D
NEW QUESTION 87
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
- A. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
- B. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- C. Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
- D. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.
- E. Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details, Run the Start Compensation Cycle process.
Answer: B
NEW QUESTION 88
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 once it is past the eligibility determination date.
- C. Active plans are always shown in read-only mode until the Worksheet update period starts.
- 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.
Answer: D
NEW QUESTION 89
You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)
- A. The category does not have employer contribution.
- B. The category has been added as a subcategory.
- C. The category does not have a graph defined in it.
- D. The category does not have employee contribution.
Answer: B
NEW QUESTION 90
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