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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

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 shows one-time payments in other compensation and allowances paid regularly in recruiting payments.
B. The summary in the compensation history shows the data for only five years.
C. Compensation history automatically retrieves salary and stock-related information. The Recruiting payments and other categories have to be added manually.
D. Compensation history displays six categories of compensation.

Question 2

Which three statements are true about individual compensation plans? (Choose three.)

A. A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
B. Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
C. Individual compensation plans arenecessary for payment of items such as spot bonus.
D. Individual compensation plans are not necessary for payment of items such as spot bonus.
E. Workers are individual compensation plans to manage their own contributions to charitable or savings plans.

Question 3

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.)

A. Balance feeds
B. Flat amount
C. Input values
D. Deduction group
E. References for calculation factors
F. Wage basis rules
G. Elements

Question 4

You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)

A. Your user role does not have access to view the plan.
B. Accessto the compensation administrator role is restricted in Plan Access.
C. Restrict Plan access is set to "Yes" and the compensation administrator role is added tothe list of roles in
"Plan access from Compensation work area."
D. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E. The compensation administrator or equivalent role is not attached to your plan.

Question 5

Performance ratings are enabled in the compensation plan. Which three statements are correct regarding performance ratings? (Choose three.)

A. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
B. Ifyou use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
C. You cannot make completed performance document and corresponding ratings from Oracle Fusion Performance Management available to managers in the compensation worksheet.
D. You can allow managers to update the overall performance rating,overall goal rating, and overall competency rating in the compensation worksheet.

Solutions: