Oracle 1Z0-1049-21

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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways canthe compensation currency be displayed? (Choose three.)

A) Each employee's local currency
B) Only one currency can be displayed
C) Preferred currency
D) The corporate currency

2. Performance Ratings are enabled in a compensationplan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)

A) Create Target Distributions for each of the rating levels.
B) Review points with from and to points entered for the rating level.
C) Create a Rating Level for the rating model.
D) Populate Rating Categories for all rating levels.

3. You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year.
How should you achieve this? (Choose the best answer.)

A) Do not select any additional actionsother than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
B) Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.
C) Make the plan available for all actions in the list with access level for each action Always allowed.
D) Do not select any additional actions other than Manage Contributions with access level as Create:
Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed.

4. You are the compensation manager of a corporation. Which four tasks can you perform while administering compensation for your workforce? (Choose four.)

A) Run processes to initiate a compensation cycle.
B) Create and manage models for use by line managers or by administrators to distribute compensation directly to employees.
C) Maintain currency rates and access to plans from the watchlist.
D) Override line manager allocations, job changes, andperformance ratings.
E) Override line manager allocations, job changes, and performance ratings.
F) Analyze plan results.

5. Which three statements are true regarding plan cycles? (Choose three.)

A) You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.

Solutions: