Oracle Oracle Certifications 1Z0-1049-20 Questions & Answers

• Question 81:

  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 can the compensation currency be displayed? (Choose three.)

  A. Preferred currency

  B. Each employee's local currency

  C. The corporate currency

  D. Only one currency can be displayed

  Correct Answer: ABC

• Question 82:

  Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)

  A. by associating the Grade Ladders with legal entities

  B. by using LDG-specific Grade Min, Max, and Mid Point rate values

  C. by using Min, Max, and Mid Point rate values

  D. by using steps and rate values

  Correct Answer: C

• Question 83:

  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. 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.

  C. 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.

  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.

  Correct Answer: D

• Question 84:

  Which statement is correct about secondary element classifications? (Choose the best answer.)

  A. They are user-defined and can be edited.

  B. They are user-defined and cannot be edited.

  C. They are predefined and can be edited.

  D. They are predefined and cannot be edited.

  Correct Answer: C

• Question 85:

  During the compensation review cycle, which two actions occur when a manager is allocated a zero or null budget? (Choose two.)

  A. The manager can manually allocate some budget for his team.

  B. The manager does not have access to the plan.

  C. The manager will have read-only access.

  D. The available budget becomes negative when the manager makes allocations.

  Correct Answer: AC

  You can distribute initial budgets for one or more managers in the hierarchy. When the budget is zero or null, managers have read-only access to their budgets. A null budget contains no value. A zero budget means no amount is budgeted.

• Question 86:

  A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy. Identify all the four builders that support a restriction for the number of levels. (Choose four.)

  A. Management Chain

  B. Supervisory

  C. Position

  D. Job Level

  E. Resource

  F. Department Level

  Correct Answer: BDEF

• Question 87:

  Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)

  A. You can display overall and calculated performance ratings given in the Performance Management system and provide access to the full performance document from within the worksheet.

  B. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.

  C. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.

  D. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.

  E. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.

  Correct Answer: ABCD

  Reference: https://docs.oracle.com/cd/E37583_01/doc.1116/e22776/F387136AN11E5B.htm (Display performance management ratings)

• Question 88:

  Identify the list builder that is used in the delivered variable allocation task that appears to all allocations. (Choose the best answer.)

  A. Position Hierarchy

  B. Dynamic Approval Group

  C. Static Approval Group

  D. Supervisory Hierarchy

  E. Auto Approval

  Correct Answer: A

• Question 89:

  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 of configuring 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. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.

  C. The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.

  D. Workers in the UK need to refresh their statements in order to see the updated display name.

  Correct Answer: C

• Question 90:

  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. Calculation Factors indicate which deduction range to use when calculating the deduction amount.

  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. The Manage Deduction Group Rates task in the Payroll Calculation work area is used to view the calculation factors defined.

  Correct Answer: AB