[Jul-2023] Free 1z0-1049-22 Exam Dumps to Improve Exam Score
2023 Realistic 1z0-1049-22 Dumps Exam Tips Test Pdf Exam Material
To prepare for the Oracle 1z0-1049-22 exam, candidates should have a strong understanding of compensation management principles and practices. They should also have experience working with Oracle Cloud Compensation and be familiar with the various tools and features available in the platform.
NEW QUESTION # 91
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. Notification Settings
- C. Approval and Rejection Policies
- D. Escalation and Expiration Policies
- E. Data Driven Routing
Answer: A,B,E
NEW QUESTION # 92
What are two attributes of primary element classifications? (Choose two.)
- A. They are editable.
- B. They are not editable.
- C. They are user defined.
- D. They are globally applicable.
- E. They are predefined.
Answer: B,C
NEW QUESTION # 93
Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)
- A. Static Approval Group
- B. Supervisory Hierarchy
- C. Dynamic Approval Group
- D. Position Hierarchy
- E. Auto Approval
Answer: D
NEW QUESTION # 94
Per your client's policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.
You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)
- A. Restricted
- B. Provisional
- C. Limited
- D. Ineligible
- E. Eligible
Answer: A
NEW QUESTION # 95
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. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.
- B. The Manage Deduction Ranges task in the Payroll Calculation work area is used to view the calculation factors defined.
- C. Calculation Factors define which classifications of earnings to consider when calculating the basis for the deduction element.
- D. Calculation Factors indicate which deduction range to use when calculating the deduction amount.
Answer: B,D
NEW QUESTION # 96
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 Period
- B. Compensation Category
- C. Statement Definition Name
- D. Legal Employer
Answer: A,B
NEW QUESTION # 97
A corporation has implemented Oracle Fusion Workforce Compensation. As a Fusion consultant, you are required to set up the Deductions options.
If Deduction cards are supported at multiple levels, which task in the Setup and Maintenance Work area is used to create deduction card overrides at the Payroll Statutory Unit level? (Choose the best answer.)
- A. Manage Personal Deductions
- B. Manage Legal Entity Deduction Records
- C. Manage Legal Reporting Unit Deduction Records
- D. Manage Payroll Deductions
Answer: C
Explanation:
Use the Manage Personal Deductions task in the Payroll Calculations or Payroll Administration work area to create deduction card overrides at the payroll relationship level. If overrides are allowed, the Overrides Allowed on Deduction Cards tab appears in the Component Details section of the Manage Deduction Cards page when you select a deduction component. Click Create to define an override. The override value you enter varies based on the type of override item defined in the deduction range, as described in the previous section. For example, you may enter a rate to be used in the deduction calculation or an amount to be added to the calculated amount.
If your localization supports deduction cards at multiple levels, use the Manage Legal Entity Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the payroll statutory unit level. Use the Manage Legal Reporting Unit Deduction Records task in the Setup and Maintenance work area to create deduction card overrides at the tax reporting unit level.
NEW QUESTION # 98
A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct options regarding approval setup. (Choose four.)
- A. Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
- B. The notifications sent to the approvers can be made actionable.
- C. Expiry, Escalation, and renew settings are possible for notifications.
- D. Task attachments cannot be sent using email notifications.
- E. Reminders can be set for a fixed duration either before expiration or after assignment.
Answer: A,B,C,E
NEW QUESTION # 99
If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)
- A. These ratings are used across compensation plan and cycles.
- B. The ratings are transferred to the Performance Management system or to HR.
- C. Managers can rate workers as they allocate compensation.
- D. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
Answer: C,D
NEW QUESTION # 100
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.)
- A. Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
- B. Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
- C. Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
- D. Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
Answer: B,C
NEW QUESTION # 101
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. 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.
- B. 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.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION # 102
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.)
- A. Employment-criteria-based eligibility profile
- B. Fast-formula-based eligibility profile
- C. Derived-factor-based eligibility profile
- D. User-defined-criteria-based eligibility profile
Answer: D
NEW QUESTION # 103
Identify the three choices available when configuring approvals. (Choose three.)
- A. Alternate approver hierarchy
- B. Submit mode
- C. Approval mode
- D. Auto Approval
Answer: A,B,C
NEW QUESTION # 104
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
- A. Publish budgets automatically by running the Build Model process.
- B. Use a model to distribute budgets.
- C. Publish budgets manually.
- D. Copy budget amounts from a previous cycle.
Answer: B,C
NEW QUESTION # 105
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
- A. Multiple components can have a single budget.
- B. Budgets can be separate for each component.
- C. Multiple components cannot have a single budget.
- D. Budgets cannot be separate for each component.
Answer: A,B
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 # 106
What happens if eligibility requirements are different for components than they are for a plan? (Choose the best answer.)
- A. Plan-level eligibility is ignored and a warning is reported.
- B. Component-level eligibility is evaluated before plan-level eligibility.
- C. Component-level eligibility is ignored and a warning is reported.
- D. Plan-level eligibility is evaluated before component-level eligibility.
- E. This is not possible. Component-level eligibility is always identical to plan-level eligibility.
Answer: D
NEW QUESTION # 107
When compiling Fast Formula, you receive the error message "Database item PER_ASG_ATTRIBUTE3 must have a DEFAULT statement because it was specified that null or not found is allowed." What is the cause of the error? (Choose the best answer.)
- A. uninitialized variable
- B. incorrect operator usage
- C. syntax error
- D. misuse of context
Answer: B
NEW QUESTION # 108
How can you use an earnings element to manage the calculation and payment of absences? (Choose the best answer.)
- A. 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.
- B. 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.
- C. Define the earnings element as nonrecurring for the absence element because payroll runs do not process nonrecurring elements in the Information or Absence classifications.
- D. 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.
Answer: B
NEW QUESTION # 109
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.)
- A. The published amounts stay with the manager when workers are reassigned or their eligibility changes.
- B. The published budgets is always a percentage of the total budget pool.
- C. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
- D. The published budgets change when a manager's total eligible salary changes, such as when workers are reassigned.
Answer: A
NEW QUESTION # 110
Identify the three correct statements for an alternate approver hierarchy. (Choose three.)
- A. You can create multiple approvers for the same manager.
- B. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- C. The alternate approver must be a part of the regular plan hierarchy.
- D. The highest Approval sequence is the final approver.
Answer: A,B,D
Explanation:
By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers. The alternate approver does not have to be a part of the regular plan hierarchy. You can create multiple approvers for the same manager by identifying the specific individuals and using the approval sequence to determine the order in which approvals occur. The highest sequence is the final approver. Alternate hierarchies are commonly used when approval control transitions from managers to the HR department.
NEW QUESTION # 111
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. Balance feeds
- B. Elements
- C. Deduction group
- D. Flat amount
- E. Input values
- F. References for calculation factors
- G. Wage basis rules
Answer: B,C,F,G
NEW QUESTION # 112
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Oracle 1z0-1049-22 (Oracle Compensation Cloud 2022 Implementation Professional) Exam is an advanced-level certification exam offered by Oracle for professionals who want to demonstrate their expertise in implementing and configuring the Oracle Compensation Cloud solution. 1z0-1049-22 exam is designed to test the candidate's knowledge and skills in designing, configuring, and implementing compensation plans, creating eligibility profiles, and managing compensation cycles using the Oracle Compensation Cloud solution.
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