[Q67-Q82] Try 100% Updated 1Z0-1049-21 Exam Questions [2022]

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Try 100% Updated 1Z0-1049-21 Exam Questions [2022]

Pass 1Z0-1049-21 Exam – Real Questions and Answers

NO.67 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.)

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.

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.

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.

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

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

NO.68 The compensation manager wants to run the batch process to start thecompensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)

It backs out started and processed events for participants.

It removes unneeded transaction data from prior plan cycles.

It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.

It backs out unrestricted events for participants.

NO.69 A corporation has implementedOracle 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.)

Wage basis rules

References for calculation factors

Deduction group

Elements

Input values

Flat amount

Balance feeds

NO.70 A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history.
Identify the three correct options regarding the salary component. (Choose three.)

The base rate shown in the salary section is the most recent pay rate.

The base rate shown in the salary section is the average of the pay rate for the entire year.

The growth rate shown in the details shows both cumulative and average annual salary growth rates.

The base rate shown in the previous years is the pay rate on 31 December of each year.

NO.71 A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
* Salary paid based on the grades of employees.
* Car allowance paid based on the department and position.
* Spot bonus paid based on a committee’s decision.
Identify the correctoption for the setup. (Choose the best answer.)

Set up a salary basis for “Salary” and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.

Set up a salary basis for “Salary” and associate a grade rate matrix to it, and add a carallowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the carallowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.

NO.72 What happens if you include ineligible workers on the worksheet? (Choose the best answer.)

It displays ineligible workers but managers can allocate compensation, promote workers, and rate worker performance.

It displays ineligible workers but managers cannot allocate compensation, promote workers, or rate worker performance.

It does not display ineligible workers and managers cannot allocate compensation, promote workers, or rate worker performance.

It does not display ineligible workers but managers can allocate compensation, promote workers, or rate worker performance.

NO.73 As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)

An employee transfers into your organization.

An employee’s data has been corrected by HR and it now satisfies the eligibility criteria.

An employee leaves an organization.

A contingent employee becomes a regular employee.

A loaned employee in your organization returns after assignment completion.

An intern in your organization gets his place confirmed as an employee.

NO.74 You have configured acompensation 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 whileallocating compensation. What happens in this case? (Choose the best answer.)

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

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

The rating will be available inthe Performance document in the performance system.

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

NO.75 As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)

Compensation Analyst

Compensation Executive

Compensation Specialist

Compensation Manager

NO.76 A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)

Sub-classifications provide a way to feed elements.

Once a sub-classification is associated with a classification, it cannot be associated with another classification.

A sub-classification name cannot be reused under a different primary classification.

Elements can have only one sub-classification.

NO.77 How can youuse an earnings element to manage the calculation and payment of absences? (Choose the best answer.)

Ensure that the input to the salary database item formula from the earnings element processes the absence element as Absence classification because payroll runs do not process elements in the Information or Absence classifications.

Define a skip rule for the earnings element that triggers processing when it finds an entry for a non-absence element because payroll runs process elements in the Information or Absence classifications.

Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.

Define a skip rule for the earnings element that triggers processing when it finds an entry for the absence element because payroll runs do not process elements in the Information or Absence classifications.

NO.78 Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case?
(Choose the best answer.)

Employment-criteria-based eligibility profile

User-defined-criteria-based eligibility profile

Derived-factor-based eligibility profile

Fast-formula-based eligibility profile

NO.79 A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

Attach performance bonuses to similar compensation items.

Attach performance bonuses to similar compensation categories/subcategories.

Attach performance bonuses to similar elements.

Attach performance bonuses to similar sources.

NO.80 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.)

the Start Compensation Cycle process

the Validate Plan Setup process

the Refresh Data process

the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.

NO.81 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.)

The Validate Plan Setup process does not validate eligibility profiles.

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

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

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

NO.82 Your customer wants to limit contributions to a particular individual compensation plan to workers with at leasta year of service. How should you accomplish this? (Choose the best answer.)

Create a relevant eligibility profile and associate it with the plan.

Create user-defined criteria, and then create the eligibility profile and plan.

Create a derivedfactor, and then create the eligibility profile and plan.

Create an eligibility profile with the exclude option and associate it with the plan

Use a fast formula to restrict access to the plan.