Oracle 1Z0-1049-21

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A compensation manager of a corporation is setting up a new salary basis for the employees.
Which statement is true about payroll elements set up for a salary basis? (Choose the best answer.)

A) Multiple payroll elements can be attached a salary basis.
B) Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Payroll elements of any classification type can be attached to a salary basis.
D) Recruiting elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.

2. What is the relationship between Net Pay and Earnings? (Choose the best answer.)

A) Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
B) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
C) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
D) Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.

3. Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan areJanuary 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)

A) Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 ofthe year.
B) Configure Plan access start and end dates from January 1 to December31 of the year.
C) Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
D) Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.

4. 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 ofconfiguring 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) The Compensation Category display name is specific to a Statement Definition.
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) 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.

5. While configuring Workforce CompensationPlan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan?
(Choose the best answer.)

A) The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
B) The rating will be available toonly the plan where it is updated.
C) The rating will be available to all plans that are currently active.
D) The rating will be available to only the planswhere the same manager is involved.

Solutions: