Oracle 1Z0-1049-21 : Oracle Compensation Cloud 2021 Implementation Essentials

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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which statement is trueregarding elements? (Choose the best answer.)

A) Elements have one primary classification, one secondary classification, and one subclassification.
B) Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
C) Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.
D) Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
E) Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.

2. Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)

A) Compensation Organization Selection
B) Compensation CurrencySelection
C) Compensation amounts Selection
D) Compensation Item Selection
E) Compensation Person Selection

3. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)

A) Manager Z, because this is the current manager to whom Employee X is reporting.
B) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
C) Employee X does not appear on any manager's sheet, because he will not be evaluated by thecompensation plan.
D) Manager Y, because this is the original manager of Employee X.

4. 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 a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum ofall the components of the salary basis multiplied by 12.
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 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.

5. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available? (Choose three.)

A) Integrate with Oracle Fusion Profile Management.
B) Use both Performance Management ratings and compensation ratings.
C) Integrate with Oracle Fusion Performance Management.
D) Use compensation performance ratings.
E) Integrate with Oracle Fusion Goal Management.

Solutions: