Top Tips Of Refresh 1z0-1049 Exam Topics

NEW QUESTION 1
What are two attributes of primary element classifications? (Choose two.)

• A. They are globally applicable.
• B. They are editable.
• C. They are user defined.
• D. They are not editable.
• E. They are predefined.

Answer: CD

NEW QUESTION 2
A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
Budget Amount or Budget Percentage columns on the Summary Columns tab
To distribute the budgets automatically, the compensation administrator should run . (Choose the best answer.)

• A. the Start Compensation Cycle process
• B. the Validate Plan Setup process
• C. the Refresh Data process
• D. the Start Compensation Cycle proces
• E. After this, the Administrator should create a model to distribute the budgets.

Answer: D

NEW QUESTION 3
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. Create an alternate manager approval hierarchy that overrides the plan hierarchy.
• B. Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
• C. Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
• D. Create an alternate position approval hierarchy that overrides the plan hierarchy.

Answer: D

NEW QUESTION 4
A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level? (Choose the best answer.)

• A. From the input value of the payroll element
• B. From the Legislative Data Group level, because that is the highest level in the hierarchy.
• C. From the Organization payment level, because the compensation is finally paid through this
• D. From the Bank account level

Answer: B

NEW QUESTION 5
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. Management Chain
• B. Supervisory
• C. Position
• D. Job Level
• E. Resource
• F. Department Level

Answer: BDEF

NEW QUESTION 6
A corporation is implementing Oracle Fusion Workforce Compensation and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases? (Choose the best answer.)

• A. Set up different salary bases for different grades with the same payroll elemen
• B. The frequency of both salary basis and the grade rate should match.
• C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basi
• D. The frequency of both salary basis and grade rate should match.
• E. Set up different salary bases for different grades with the same payroll elemen
• F. The frequency of both salary basis and grade rate need not match.
• G. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basi
• H. The frequency of both salary basis and grade rate need not match.

Answer: B

NEW QUESTION 7
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 employee contribution.
• B. The category does not have employer contribution.
• C. The category has been added as a subcategory.
• D. The category does not have a graph defined in it.

Answer: C

NEW QUESTION 8
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.

Answer: A

NEW QUESTION 9
As an implementation consultant, you are defining entry values for an element in the Fusion application. Which statement is true about selecting the rules for the element’s entry value? (Choose the best answer.)

• A. An element with the Automatic Entry option selected cannot allow multiple entries in the same period.
• B. An element with the Automatic Entry option selected can allow multiple entries in the same period.
• C. An element with the Automatic Entry option not selected cannot allow multiple entries in the sameperiod.
• D. An element with the Automatic Entry option selected can allow multiple entries in the same period, and an element with the Automatic Entry option not selected cannot allow multiple entries in the same period.

Answer: A

NEW QUESTION 10
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.

Answer: CD

NEW QUESTION 11
Your client has a requirement where work-at-home assignments are not eligible for an employee compensation revision cycle. To facilitate capturing work-at-home assignment, you have created a custom column and associated a List of Values (LOV) with values “Yes” and “No”. Now you wish to create an eligibility profile around this. Which is the correct option? (Choose the best answer.)

• A. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “Yes” with exclude option selected
• B. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “Yes” with exclude option deselected
• C. User-defined-criteria-based eligibility profile on “Work-at-home” and value = “No” with exclude option selected
• D. Derived-factor-based eligibility profile based on the “Work-at-home” column

Answer: A

NEW QUESTION 12
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 Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
• B. For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
• C. For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
• D. For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.

Answer: B

NEW QUESTION 13
As a Fusion implementation consultant, you are configuring Fusion HCM Compensation Management module for a manufacturing client. Which three statements are correct in relation to compensation statement display options? (Choose three.)

• A. You can hide table columns.
• B. You can configure display of zero values.
• C. You cannot hide regions for graphs or descriptions at the statement definition setup level.
• D. You cannot exclude a category from the statement summary at the category setup level.
• E. You cannot include and hide the welcome message at the statement definition setup level.
• F. You can hide or show the estimated amount indicator at the category setup level.

Answer: BCF

NEW QUESTION 14
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 user access should be based on career levels or earnings thresholds
• B. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
• C. if there should be a “white list” name criteria for access to the plan
• D. if plan access should be related to HR actions
• E. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
• F. whether or not to restrict access to the plan at all

Answer: DEF

NEW QUESTION 15
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 Rol
• B. 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. 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.
• D. Parallel approvals are supported and can be configured using Static approval group
• E. Only after all the approvers approve will the process end.
• F. A parallel approval option is not available and any approval configured is always sequential.

Answer: C

NEW QUESTION 16
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.

Answer: AE

NEW QUESTION 17
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area? (Choose three.)

• A. general information
• B. input values
• C. costing
• D. status processing rules
• E. retroactive components
• F. auto indirect rules

Answer: BCF

NEW QUESTION 18
Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

• A. Create a Rating Level for the rating model.
• B. Review points with from and to points entered for the rating level.
• C. Populate Rating Categories for all rating levels.
• D. Create Target Distributions for each of the rating levels.

Answer: CD

NEW QUESTION 19
An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in India. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)

• A. The Compensation Category display name is specific to a Statement Definition.
• B. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
• C. After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
• D. Workers in the UK need to refresh their statements in order to see the updated display name.

Answer: C

NEW QUESTION 20
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)

• A. The task is only for notification and has no rules.
• B. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
• C. The task applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
• D. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.

Answer: C

NEW QUESTION 21
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