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. While implementing, you are grouping compensation items and categories for displaying them together.
Therefore, when planning how to group compensation items and categories, you must considerwhich three options? (Choose three.)

A) Category Detail
B) Compensation Items
C) Statement definitions
D) Level of detail
E) Category Type
F) Contribution Type and Unit of Measure

2. Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A) The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
B) The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
C) The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
D) The Salary summary table gives detailed information about salary history, percentagechange, compa-ratio, and growth rate.
E) The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.

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

4. The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)

A) Refresh Workforce Compensation Data
B) Evaluate Workforce Compensation Participation
C) Start Workforce Compensation Cycle
D) Transfer Workforce Compensation Data to HR
E) Adjust Workforce Compensation Enrollment Window
F) Back Out Workforce Compensation Data

5. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it. (Choose the best answer.)

A) Set up access restrictions to the individual compensation plan using the correct HR action so that it can be added only to the specific roles.
B) Set up role-based security to the individual compensationwork area so that only managers are allowed.
C) Set up a salary basis and restrict the eligibility to the required roles.
D) They payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

Solutions: