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Oracle 1Z0-1049-21 Exam Syllabus Topics:

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
While creating the element eligibility link, whichthree options can be set up in the element eligibility work area? (Choose three.)

A) retroactive components
B) auto indirect rules
C) costing
D) input values
E) status processing rules
F) general information

2. 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) 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.
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) 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.
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 ofall the components of the salary basis multiplied by 12.

3. Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

A) Plan Currency
B) Feedback Survey
C) Plan Access
D) Alerts
E) Components

4. The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)

A) Managers can create their own models and use them.
B) Access of a model is limited only to the creator of the model.
C) Managers can use a model created by compensation professionals.
D) Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
E) A model can be shared with the direct reports of the creator.
F) Managers cannot sharea model created by them.

5. What happens if eligibility requirements aredifferent for components than they are for a plan? (Choose the best answer.)

A) Component-level eligibility isevaluated before plan-level eligibility.
B) This is not possible. Component-level eligibility is always identical to plan-level eligibility.
C) Plan-level eligibility is ignored and a warning is reported.
D) Plan-level eligibility is evaluated before component-level eligibility.
E) Component-level eligibility is ignored and a warning is reported.

Solutions: