Give Push to your Success with Oracle Cloud 1Z0-1049-26 Exam Questions [Q40-Q62]

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Give Push to your Success with Oracle Cloud 1Z0-1049-26 Exam Questions

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Oracle 1Z0-1049-26 Exam Syllabus Topics:

Section Objectives
Workforce Compensation Implementation – Eligibility and workforce rules
– Compensation plans setup
Elements and Compensation Basics – Element configuration and usage in compensation plans
– Earnings and deductions setup
Total Compensation Configuration – Budgeting and allocation rules
– Compensation statements setup
Base Compensation Configuration – Salary basis setup
– Grade, grade step, and salary structure configuration
Security and Administration – Roles and data security for compensation
– Access and approval flows

 

QUESTION 40
A corporation has implemented Oracle Fusion Workforce Compensation. A custom element was created to capture the entry value for four input values. Data load is performed by the Batch Loader, but the associated Daily Business Intelligence (DBI) is returning the entry value corresponding only to the first input value.
Identify the option that will enable the DBI to return all the input variables. (Choose the best answer.)

 
 
 
 

QUESTION 41
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.)

 
 
 
 

QUESTION 42
The Budget Pool Storage Method selected is “Amount.” One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager? (Choose the best answer.)

 
 
 
 

QUESTION 43
The compensation administrator has configured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratings by using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes that the increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How should you accomplish this? (Choose the best answer.)

 
 
 
 
 

QUESTION 44
During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

 
 
 
 

QUESTION 45
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2’s employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)

 
 
 
 

QUESTION 46
The compensation plan that is implemented for your customer has a column that defaults based on a dynamic column. However, as per the customer’s requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the “Refresh Data” process is run. How can a compensation administrator achieve this? (Choose the best answer.)

 
 
 
 

QUESTION 47
Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan are January 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)

 
 
 
 

QUESTION 48
What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)

 
 
 
 
 

QUESTION 49
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

 
 
 
 
 

QUESTION 50
While configuring the Budget page, you enable the “Compensation Performance Rating” column from which section? (Choose the best answer.)

 
 
 
 
 

QUESTION 51
Which four tasks are part of Worksheet Configuration Options? (Choose four.)

 
 
 
 
 
 

QUESTION 52
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
Name: Variable component
Restrict plan access: Yes
Action: Manage Contributions
Access Level: New
Allocations: Always Allow
Update Allocations: Never Allow
Discontinue Allocations: “Allowed during a specific period” with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)

 
 
 
 

QUESTION 53
A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)

 
 
 
 

QUESTION 54
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.)

 
 
 
 

QUESTION 55
While configuring the Budget page, which five tabs are available in Page Layout? (Choose five.)

 
 
 
 
 
 
 

QUESTION 56
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.)

 
 
 
 

QUESTION 57
Which two statements are true about Base Pay? (Choose two.)

 
 
 
 
 

QUESTION 58
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)

 
 
 
 

QUESTION 59
Your customer awards three types of bonuses to its workers: Joining Bonus, Ad-hoc Bonus, and Annual Bonus. All three bonuses are awarded by using element entries.
How would you configure the Compensation Statement? (Choose the best answer.)

 
 
 
 

QUESTION 60
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.)

 
 
 
 
 

QUESTION 61
A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)

 
 
 
 

QUESTION 62
Contingent workers are ineligible as per the eligibility rules defined for your organization’s compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the “Refresh Workforce Compensation Data” nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager’s worksheet. How is this possible? (Choose the best answer.)

 
 
 
 

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