Oracle Compensation Cloud 2021 Implementation Essentials (1Z0-1049-21) Free Practice Test

Question 1

What additional action would yourecommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

A. Allocate Workforce Compensation

B. Manage Contributions

C. Manage Worker Contributions

D. Manage Individual Contribution

E. Manage Variable Allocations

Correct Answer: A

Question 2

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 compensationwork 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 3

A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)

A. Deduction ranges

B. Deduction overrides

C. Deduction range group

D. Deduction range Values

Correct Answer: A

Question 4

Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

A. Alerts

B. Feedback Survey

C. Components

D. Plan Access

E. Plan Currency

Correct Answer: C,D,E

Question 5

While working on a budget sheet or a compensation worksheet, a manager chooses to use the "Export to Excel workbook" option to do his or her work. Which four of the following steps wouldhe or she need to perform upon clicking the "Export to Excel workbook" option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)

A. Filter the editsand upload only the edited fields.

B. Resolve errors created by the uploaded file.

C. Download and authenticate workbooks.

D. Repeat the steps as many times asnecessary to accommodate the revisions.

E. Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.

F. Edit the workbook data.

Correct Answer: A,B,C,E

Question 6

After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this?(Choose the best answer.)

A. The Validate Plan Setup process does not validate eligibility profiles.

B. The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.

C. The Validate PlanSetup process failed to report errors from the eligibility profiles.

D. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.

Correct Answer: B

Question 7

While validating the Workforce Compensation Plan Setup, the compensation administrator encounters the following Warning: "At least one column that adjusts salary is enabled but no components to be posted assalary are selected." What should the compensation administrator do to eliminate this warning? (Choose the best answer.)

A. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and enable Eligible Salary.

B. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Eligible SalaryColumn Properties, select Yes for Post as Salary.

C. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Percentage of Eligible Salary Column Properties, add an Element.

D. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab andenable Compensation Amount.

E. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Compensation Amount Column Properties, select Yes for Post as Salary.

Correct Answer: E

Question 8

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 does not have a graph defined in it.

C. The category does not have employee contribution.

D. The category has been added as a subcategory.

Correct Answer: D

Question 9

A corporation is implementing Oracle Fusion Workforce Compensation and needs toset up compensation history.
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)

A. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.

B. Compensation history displays six categories of compensation.

C. The summary in the compensation history shows the data for only five years.

D. Compensation history shows one-time payments in other compensation and allowances paid regularly in recruiting payments.

Correct Answer: A,C,D

Question 10

Which three statements are true about payroll deductions? (Choose three.)

A. A personal deduction card contains person-specific information that is used to calculate the deduction amount.

B. The deduction element's status processing rule drivesthe calculation, accessing the rates and rules that are defined for the related payroll deduction and the values that are captured on a personal deduction card.

C. The rates and rules that are defined on a personal deduction card cannot override the values that are defined in the deduction ranges at the legislative level.

D. A payroll deduction comprises the rates and rules that are used to calculate the deductionamount.

E. Wage basis rules are defined at the personal level and the context value for the rule is captured on the deduction card.

Correct Answer: B,D,E

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Oracle Compensation Cloud 2021 Implementation Essentials (1Z0-1049-21) Free Practice Test