Oracle Compensation Cloud 2020 Implementation Essentials (1z0-1049-20) Free Practice Test

Question 1

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. hourly, because the employee has hourly pay

B. annually, because the history must always be shown with annual amounts

C. the frequency of the employee's salary basis

D. weekly, because the employee is on a weekly payroll

Correct Answer: D

Question 2

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. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.

C. Terminated workers should be excluded from being processed in Workforce Compensation plans.

D. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.

E. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.

Correct Answer: D

Question 3

While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must consider which three options? (Choose three.)

A. Compensation Items

B. Contribution Type and Unit of Measure

C. Category Detail

D. Category Type

E. Statement definitions

F. Level of detail

Correct Answer: B,D,F

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Question 4

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

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

Correct Answer: A,D

Question 5

The Compensation and Benefits policy defined for your organization limits contingent workers from getting an increment as part of the Annual Salary Review. As a result, the contingent workers are excluded in the eligibility profile and ineligible workers are not tracked as part of the Annual Salary Review Compensation Plan.
A recent change to this policy enforced a minimum increment for the entire contingent worker population.
Consequently, the compensation administrator ran the Refresh Data process to update the worksheets and include the contingent workforce but none of the contingent workers are included. What should the compensation administrator do to bring the contingent workers into the manager's compensation worksheet?
(Choose the best answer.)

A. Update the eligibility profile to include the contingent workers and rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.

B. Update the eligibility profile to include the contingent workers and run the Start Workforce Compensation Cycle process.

C. Rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.

D. Run the Start Workforce Compensation Cycle process.

Correct Answer: A

Question 6

While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan?
(Choose the best answer.)

A. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.

B. The rating will be available to only the plan where it is updated.

C. The rating will be available to all plans that are currently active.

D. The rating will be available to only the plans where the same manager is involved.

Correct Answer: C

Question 7

As an implementation consultant, you are required to create an element for capturing the bonus awarded in the compensation cycle. Which two statements are correct regarding the input values of the element created?
(Choose two.)

A. Element entries are created for all the input values of the element.

B. No additional configuration is required to attach this element to the workforce compensation plan component.

C. You must manually mark the Amount input value as the primary input value in the Special Purpose field.

D. It is possible to link the same element but different input values to different components or options within the same compensation plan.

E. The automatically created Amount input value is identified as the primary input value.

Correct Answer: B,E

Question 8

As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)

A. Statement Definition Name

B. Legal Employer

C. Compensation Category

D. Statement Period

Correct Answer: C,D

Question 9

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 standard earnings minus all the deductions calculated 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 the sum of standard earnings and supplemental earnings for the run.

Correct Answer: A

Question 10

A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A. The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.

B. Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.

C. The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum of all the components of the salary basis multiplied by 12.

D. For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.

Correct Answer: C

Question 11

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. Dates

B. Monetary Values

C. Text

D. Non Monetary Values

E. more than one nonmonetary unit of measure

Correct Answer: A,C,D

Question 12

Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)

A. 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).

B. 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.

C. 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).

D. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).

Correct Answer: D

Question 13

A corporation needs to set up a compensation plan for a vehicle allowance that will allow different amounts for different types and models of vehicles.
How can you achieve the desired results? (Choose the best answer.)

A. Configure as many compensation plans as there are different types and models, because options cannot have associated eligibility profiles, and use the same payroll element for all of them.

B. Configure one compensation plan, add as many options as there are allowed for different types and models. Define eligibility and associate the different payroll elements to all the options such that any payroll element can be associated with only one plan and option.

C. Configure one compensation plan and add as many options as three are allowed for vehicle types and models. Define eligibility and associate the same payroll element to all the options such that an employee can use only one option.

D. Configure as many compensation plans as there are allowed types and models of vehicles, because options cannot have eligibility profiles associated, and use different payroll elements for each of them.

Correct Answer: B

Question 14

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. 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.

B. Set up a salary basis and restrict the eligibility to the required roles.

C. Set up role-based security to the individual compensation work area so that only managers are allowed.

D. They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

Correct Answer: D

Question 15

As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement. (Choose the best answer.)

A. Create compensation items > attach the items to compensation categories > arrange categories hierarchically in the statement definition > specify the statement period and display options > generate the statement.

B. Create compensation items > generate a statement > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories.

C. Create compensation items > attach the items to compensation categories > generate the statement > specify the statement period and display options > arrange categories hierarchically in the statement definition.

D. Create compensation items > specify the statement period and display options > arrange categories hierarchically in the statement definition > attach items to compensation categories > generate the statement.

Correct Answer: A

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Oracle Compensation Cloud 2020 Implementation Essentials (1z0-1049-20) Free Practice Test