Workforce Rewards Cloud 1z0-1049-20 Real Exam Questions and Answers FREE Updated on Oct 20, 2021
1z0-1049-20 Ultimate Study Guide - CramPDF
NEW QUESTION 53
A corporation implemented Oracle Fusion Workforce Compensation. A salary basis has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components? (Choose three.)
- A. Adjustment due to corrections within the organization
- B. Equity adjustment to correct salary compression or inversion
- C. Market adjustment due to salary being out of line with the market
- D. Regular and automatic adjustment
Answer: B,C,D
NEW QUESTION 54
Identify the correct option regarding the Payroll element details in the compensation history setup. (Choose the best answer.)
- A. Any payroll element can be added and all other details are auto-populated excluding the history category.
- B. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
- C. Any payroll element can be added and all other details are auto-populated including the history category.
- D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
Answer: B
NEW QUESTION 55
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)
- A. Components
- B. Plan Currency
- C. Alerts
- D. Feedback Survey
- E. Plan Access
Answer: A,B,E
NEW QUESTION 56
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. Resource
- C. Supervisory
- D. Job Level
- E. Department Level
- F. Position
Answer: B,C,D,E
NEW QUESTION 57
Which two are element classification types? (Choose two.)
- A. Primary
- B. US-only
- C. Secondary
- D. Global
- E. International
Answer: A,C
NEW QUESTION 58
When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)
- A. You must use VariableAllocationFYITask and not VariableAllocationTask.
- B. You may use either VariableAllocationTask and VarialbeAllocationFYITask
- C. You must use VariableAllocationTask and not VariableAllocationFYITask.
- D. You must use VariableAllocationTask and edit the rules if using only for notification.
Answer: A
NEW QUESTION 59
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 a graph defined in it.
- B. The category has been added as a subcategory.
- C. The category does not have employee contribution.
- D. The category does not have employer contribution.
Answer: B
NEW QUESTION 60
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)
- A. a mix of element eligibility and eligibility profiles
- B. through element eligibility only, never with eligibility profiles
- C. either with eligibility profiles or through element eligibility
- D. with the eligibility profiles, never through element eligibility
Answer: A
NEW QUESTION 61
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. As an implementation consultant, you are required to set up the Deduction elements to capture the employee's personal contributions.
Which four can be categorized as Deduction components corresponding to payroll deduction elements?
(Choose four.)
- A. Elements
- B. Balance feeds
- C. References for calculation factors
- D. Flat amount
- E. Deduction group
- F. Input values
- G. Wage basis rules
Answer: A,C,E,G
NEW QUESTION 62
You are an implementation consultant, and the client organization wants you to provide a solution for how not to display the welcome message in the total compensation statement.
What will your answer in this situation be? (Choose the best answer.)
- A. Edit the "Do not display Welcome message" option in "Compensation Item."
- B. Edit the "Do not display Welcome message" option in "Compensation Category."
- C. Changing the welcome message is not possible.
- D. Edit the "Do not display Welcome message" option in "Statement Definition."
Answer: D
NEW QUESTION 63
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.)
- A. Show Ineligible Workers is selected in the compensation plan.
- B. Process Ineligible Workers is selected in the compensation plan.
- C. Hide Ineligible Workers is selected in the compensation plan.
- D. Track Ineligible Workers is selected in the compensation plan.
Answer: B
NEW QUESTION 64
Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
- A. by using LDG-specific Grade Min, Max, and Mid Point rate values
- B. by associating the Grade Ladders with legal entities
- C. by using steps and rate values
- D. by using Min, Max, and Mid Point rate values
Answer: D
NEW QUESTION 65
You have configured a compensation plan to include ratings from the performance management system. For one particular division, the performance ratings have not been finalized and are shown as blank on the compensation worksheet. The manager updates the performance rating while allocating compensation. What happens in this case? (Choose the best answer.)
- A. The rating will be available to only the plans where the same manager is involved.
- B. The rating will be available to all plans that are currently active.
- C. The rating will be available in the Performance document in the performance system.
- D. The rating will be available to only the plan where it is updated.
Answer: C
NEW QUESTION 66
Your Workforce Compensation Plan has the following Plan Cycle setup:
* 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
* Worksheet Update Period Start Date: 1-Nov-2014
* Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, the Marketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes are included in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)
- A. Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including the recent transfers and other employment changes.
- B. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
- C. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
- D. Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
Answer: A
NEW QUESTION 67
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. 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.
- B. Workers in the UK need to refresh their statements in order to see the updated display name.
- C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
- D. The Compensation Category display name is specific to a Statement Definition.
Answer: A
NEW QUESTION 68
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 applies to selected allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
- B. The task applies to all allocations, uses two levels of the Supervisory list builder, and requires a response from the current approver.
- C. The task applies to all allocations, uses two levels of the Supervisory list builder, and does not require a response from the current approver.
- D. The task is only for notification and has no rules.
Answer: A
NEW QUESTION 69
Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stopped only during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)
- A. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1- Sep 30
Withdraw Allocations: Specific period Sep 1 - Sep 30 - B. The individual compensation plan must be set up with the following restrictions:
Create Allocations: Always
Update Allocations: Specific period Sep 1 - Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30 - C. The individual compensation plan must be set up with the following restrictions:
New Allocations: Always
Update Allocations: Specific period Sep 1-Sep 30
Discontinue Allocations: Specific period Sep 1 - Sep 30 - D. The individual compensation plan must be set up with "NO" for plan access restriction.
Answer: A
NEW QUESTION 70
Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
- A. Submitted
- B. Closed
- C. Processed
- D. Started
- E. Fully Approved
- F. Partially approved
- G. Unprocessed
- H. Budget Available
Answer: A,C,E,H
NEW QUESTION 71
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
- A. Budgets can be separate for each component.
- B. Budgets cannot be separate for each component.
- C. Multiple components can have a single budget.
- D. Multiple components cannot have a single budget.
Answer: A,C
Explanation:
Explanation
If you use budgeting, you can have separate budgets for each component or link multiple components to a single budget. You can also link budgets to off-cycle compensation plans. For example, you can give a manager a single annual budget amount and draw both focal and off-cycle awards from the same budget pool.
Once you enable budgeting, you configure how data displays on the budget page, such as data display order, available menu actions, and text instructions to the managers. Also, you can copy a budget page layout from another plan.
NEW QUESTION 72
Identify three event-driven configurations that can be changed for the delivered variable allocation approval tasks as per business requirements. (Choose three.)
- A. Assignment and Routing Policies
- B. Approval and Rejection Policies
- C. Data Driven Routing
- D. Notification Settings
- E. Escalation and Expiration Policies
Answer: A,C,D
NEW QUESTION 73
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 there should be a "white list" name criteria for access to the plan
- B. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
- C. whether or not to restrict access to the plan at all
- D. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
- E. if plan access should be related to HR actions
- F. If user access should be based on career levels or earnings thresholds
Answer: B,C,E
NEW QUESTION 74
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.)
- A. Before deleting the item, you must configure a zero value behavior for the item.
- B. The item cannot be deleted, because it is attached to a category.
- C. The above scenario does not stand true as the item can be deleted.
- D. More than one administrator might be using the item and, therefore, it cannot be deleted.
Answer: D
NEW QUESTION 75
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choose three.)
- A. Elements can have multiple primary and multiple secondary classifications.
- B. Predefined secondary classifications can be removed or changed.
- C. Predefined primary classifications cannot be removed or changed.
- D. Primary classifications are provided mainly to reflect tax legislation.
- E. Secondary classifications are subsets of the primary classifications.
Answer: C,D,E
NEW QUESTION 76
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